Will Marcellus/Utica Grow Fast Enough to Offset Declines Elsewhere?

spg_plts_rgb_pos_210x92What if a couple of really smart analysts who work next to each other, guys who challenge each other every day, analysts who study and focus on natural gas production, were to pull the curtain back and reveal to the world what kinds of discussion and repartee they engage in? In particular, disclose their discussions and debate about the Marcellus/Utica? For those of us who eat/sleep/breath shale energy in the northeast, that would be wicked cool. And that’s just what MDN editor Jim Willis was treated to at S&P Global Platts’ Benposium East event in New York this past Wednesday. Luke Jackson, senior energy analyst with Platts Analytics, and Jeff Moore, also a senior energy analyst with Platts Analytics (the Bentek Products division) both live and work in Denver, CO. Their session at Benposium was titled, “Opposing Views–Northeast Production: Boom or Bust?” The two decided it would spice up what is normally a pretty dry conference presentation by standing on the stage and conducting a classic Oxford-style debate, where a motion is offered and one person argues “for” the motion, the other “against.” The motion they put forward was this: “Will Northeast production remain the sole engine of US natural gas production growth in the next 1-3 years, offsetting declines from the rest of the US and allowing overall US production to push higher?” In other words, can the Marcellus/Utica keep expanding production fast enough that it offsets declining production in other plays, or will those other plays need to increase their output too–to meet growing US demand? Luke argued for the motion and Jeff against. What was the conclusion? Keep reading! The boys used a dynamite PowerPoint slide deck. We asked for and got a copy of it and share it with you below. You need to take time to review the slides–they are awesome! Loaded with details. Below we also have some of our notes–quips and tidbits of information that caught our attention as the boys debated…

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