80,000 Locations Left to Go for Marcellus Drilling

Speaking at the Marcellus-Utica Midstream conference last week in Pittsburgh, ITG Investment Research analyst Manuj Nikhanj said their research shows there are an astounding 80,000 locations still drillable in the Marcellus Shale, and that the Marcellus is “absolutely massive” and dwarfs the next biggest shale play. How long will it take to full drill the Marcellus? “Decades.”

He also had some interesting analysis on the question of what natural gas price is breakeven for drillers to make a profit:

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