The Marcellus/Utica region is a tale of two shales. One is dry gas, or methane only, and the other is methane plus NGLs–other hydrocarbons that come out of the hole along with methane, including ethane, propane, butane, and few others. NGL production can turn a breakeven or possibly money-losing venture into a profitable venture. The wet gas area is located in portions of southwestern PA, eastern OH, and the northern panhandle of WV (see the map). Given the pandemic, fluctuating natgas prices, curtailments, and the general craziness in the markets, what do the next 12 months look like for NGL production in the M-U?
