Thursday, October 25, 2012

Marcellus, Pipelines, and Ticking Time Bombs -- Do NOT Take That Literally -- It's a Figure of Speech

Updates


August 23, 2017: production

April 27, 2017: solving "the Marcellus / Utica problem."

December 23, 2016: Anadarko sells 195,000 net acres in the Marcellus for $1.24 billion; includes operated/non-operated upstream; and, operated midstream assets.

October 6, 2016: the Utica and Marcellus continue to defy the "experts" and the skeptics.

October 6, 2016: at this post, Zeits is linked with an article on the Marcellus.

June 10, 2016: Utica and Marcellus numbers are updated here

March 13, 2016: competing with the Marcellus for eastern Canada.

August 30, 2015: the Utica may be bigger than the Marcellus.  

April 16, 2015: from a comment sent in by a reader -- horizontals are generally about 6,000 feet in the Marcellus, commonly with 50 stages; these are referred to as "Short Stage Laterals" -- SSLs.

April 6, 2015: another look at the incredible potential of the Marcellus / Utica

April 12, 2014: Ohio geologists associate fracking with earthquakes; ban fracking in some areas; strict new seismic monitoring rules. Say good-bye to the Marcellus and the Utica This should be huge for natural gas pricing.

November 14, 2013: the Marcellus accounts for 76% of natural gas production growth in the US, RBN Energy. 

October 29, 2013: An indication why New York State may be ambivalent about fracking. The Marcellus is concentrated in southwestern Pennsylvania; there is not a whole lot of Marcellus in New York.

August 28, 2013: Production of natural gas from Marcellus will octuple (8x) -- RBN Energy.

May 25, 2013: XOM more than doubles its acreage in the Marcellus.

December 26, 2012: link to AP News for an update on the Marcellus -- turned out to be huge.
In March, Shell Oil Co. said a site about 30 miles north of Pittsburgh was its first choice to build a huge new petrochemical plant, which would turn natural gas liquids into consumer products such as plastics and antifreeze. 
Though Shell said it's still a few years away from a final decision to build, the project was sweetened by a huge package of state tax incentives. Corbett, legislators from both parties, and some union leaders supported credits of $66 million a year, which could total about $1.7 billion if the project is built. That would be Pennsylvania's largest financial incentive package ever.
More and more, opponents of fracking appear to be crackpots on the fringe.

Original Post

I just noted, I don't have a link at the sidebar for the Marcellus. The Marcellus, like the Keystone XL, did not interest me when the story first broke. But as time has gone on, like the Keystone XL, the Marcellus has become a huge story, and so I talk about it more than I probably should on a Bakken site, but it's probably closer to the Bakken (subject-wise) than some of my travelogues.

Anyway, here's a SeekingAlpha.com story suggesting that with regard to the Marcellus: we haven't seen anything yet. Wow.

Read the story at the link, and then guestimate how many folks are employed putting in pipelines in Pennsylvania and how many direct and indirect jobs are being generated because of fracking. I have no idea, but this is truly a tectonic shift in the global energy story. If I ever get caught up, it would be "fun" to talk about that, but RBN Energy does a much better job than I ever could, so perhaps I will just let others have all the fun.

And, so, with that, this will be the "home page" for the Marcellus that will be linked at the sidebar at the right.