EIA: Marcellus gas production continues to outpace takeaway capacity

05/05/2014
Rising production of natural gas in the Marcellus shale play in the Appalachian basin continues to outpace the growth in the region's pipeline takeaway capacity, which has led to supply backups in the region, the US Energy Information Administration reported in a weekly gas report. Because of this fact, EIA observed, new gas production is unable to flow to areas of high demand, "placing downward pressure on prices in the region." EIA noted that this phenomenon has also "contributed to a number of natural gas wells in Marcellus remaining backlogged, with a Feb. 28 report from Barclay's estimating that more than 1,300 wells there are drilled but not completed." EIA noted...
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