Report: Marcellus Worth Another $90 Billion, 25K Wells Thru 2035

Wood Mackenzie (WM) is a global energy, metals and mining research and consulting company based in Edinburgh, Scotland with 25 offices around the world, including Houston, TX. The company has just released a new report on the Marcellus Shale. The report, titled “Marcellus Key Play Analysis,” contains some interesting findings. Among them: WM analysts say there is $90 billion left in the Marcellus Shale. That number is calculated as how much revenue drillers will derive from selling the gas they mine from the play minus development costs. The report estimates that the top 20 drillers in the Marcellus will drill 25,000 wells in the play through 2035. Improved efficiency has lowered drilling costs according to WM. But the real secret, according to WM, to unlocking value in both the Marcellus and other shale plays is…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment