Marcellus shale region will provide 18 percent of U.S. natural gas production

Marcellus shale region will provide 18 percent of U.S. natural gas production The Marcellus shale region will produce more than 13 billion cubic feet per day in December, accounting for 18 percent of all U.S natural gas production, according to estimates provided by the U.S. Energy Information Administration.

The EIA said natural gas production at new wells in the Marcellus shale has continued to boom despite the drill rig count in the area remaining about the same for the past few months.

"The rise of Marcellus production in both absolute terms and as a share of total U.S. production is a key development in a rapidly evolving U.S. natural gas market," the EIA reported. "Growth in the efficiency of new wells has largely driven the continued increase in production volumes in the region."

Cabot Oil & Gas Corporation said its first 10-well pad in the Marcellus reached a peak production rate of 201 million cubic feet per day. The company reported a cost savings of $6 million for the project due to increased efficiency gains for both drilling and completion operations on site and a reduced drilling cost per foot by 30 percent compared to last year.

More information on Marcellus shale rig activity can be found on PennEnergy's research area.

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