Marcellus Sees Soaring Costs, Lower Production – Ranking Decreased
Operators and investors are more concerned than ever about the remaining inventory of drillable locations. Who has it? Where is it? Will it be economic? The North American inventory rankings by shale play are always of interest. Enverus Intelligence Research (EIR), a subsidiary of Enverus, recently issued a report that ranks the plays by the number of economic-to-drill locations each play has left. Unfortunately, Marcellus Shale play is on the list of “losers” in this latest report. Why? A huge jump in Bidenflation — rig day rates were up 25% year-over-year in September in the Marcellus, compared to about 15% across the other plays. Also a factor is dropping productivity in the Marcellus (“productivity degradation”), particularly in northeast PA.
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