Moody's: Marcellus shale gas producers to benefit most in US

04/07/2014
Natural gas producers in the Marcellus shale will benefit more than producers elsewhere in the US because of many favorable circumstances, even if prices were to decline to 2012 levels, Moody's said in a recent report. The optimism pervading the 104,000-sq-mile play spanning New York, Pennsylvania, Ohio, and West Virginia is boosted by large producing wells in the northeast section conveniently located near major markets, along with an increase in capital poured into the NGL-rich southwestern section. Due to rapid technological advancements, production in the play has risen to 14 bcfd from 1.2 bcfd in 2007, and estimates have pegged it at 20 bcfd by 2020. Anadarko Petroleum Corp., Southwe...
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