One of our favorite Seeking Alpha author/analysts, Richard Zeits, has just published another sterling piece analyzing the profound impact the Marcellus/Utica has had on the natural gas market in the United States. In January 2014, Zeits wrote a piece predicting the Marcellus/Utica would hit 20 billion cubic feet per day (Bcf/d) of production “within 3-4 years,” which at the time seemed wildly ambitious (see Marcellus Shale: A 20 Bcf Per Day Natural Gas Tsunami). In October 2014, Zeits revised his estimate up by another 10 Bcf/d (see Natural Gas: Marcellus Pipeline Boom Sets Stage For A 30 Bcf A Day Tsunami). Bombshell: According to the U.S. Energy Information Administration, Marcellus/Utica production passed 20 Bcf/d in late August. Zeits’ newest article points out the Marcellus tsunami came 10 years early! What really piqued our interest about Zeits’ latest article is the reason why Marcellus/Utica production has increased faster than everyone, including Zeits, thought it would…
One of our favorite Seeking Alpha author/analysts, Richard Zeits, has just published another sterling piece analyzing the profound impact the Marcellus/Utica has had on the natural gas market in the United States. In January 2014, Zeits wrote a piece predicting the Marcellus/Utica would hit 20 billion cubic feet per day (Bcf/d) of production “within 3-4 years,” which at the time seemed wildly ambitious (see 