Exceptionalism: Why the Marcellus Stands Alone Among Shale Plays

In a recent analysis of the shale oil and natural gas industry in the U.S., Reuters analyst John Kemp says that there are big differences in shale oil and shale gas when it comes to price. He posits that oil output will be “less resilient” than gas when it comes to maintaining profitability with lower prices. Kemp offers the following comments and rationale for why and how the Marcellus (and Utica) has changed the natural gas industry–what he called “Marcellus Exceptionalism”…

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