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Marcellus and Utica Shales in the US, 2019 - Gas Shales Market Analysis and Outlook to 2023

Marcellus and Utica Shales in the US, 2019 - Gas Shales Market Analysis and Outlook to 2023

Summary

The US Appalachian Basin located in Pennsylvania, Ohio, West Virginia and New York continues to be the driver in natural gas production within the United States. During May 2019, it produced around 31 billion cubic feet per day (Bcfd) and is forecast to reach a rate of approximately 35 Bcfd by the end of 2019. The basin comprises the two main formations - the Marcellus, and the Utica. The majority of the activity in the Marcellus continues to take place in north east and south west Pennsylvania while the hotspot for the Utica is in eastern Ohio. Fracking activity in the Marcellus and Utica formations is driven by the large demand for natural gas from the nearby populated areas and although natural gas prices have experienced some volatility during recent years, Appalachian producers are generally able to sell their natural gas at a premium in trading hubs located in the North East. The competitive landscape of the Marcellus play is largely dominated by EQT Corp., the largest natural gas producer in the US, whereas, Ascent Resources LLC and Gulfport Energy Corp. lead the natural gas production in the Utica play.

Scope

The report analyzes the natural gas appraisal and production activities in the Marcellus and Utica shale plays. The scope of the report includes -

  • Comprehensive analysis of natural gas production across major counties in Pennsylvania, West Virginia, Ohio, and New York during 2013-2018, as well as production outlook from 2019 to 2023
  • In-depth information of well permits issued in the Pennsylvania region of the Marcellus and Utica shale, by county and by company from January 2018 to March 2019
  • Detailed understanding of IP rates and type well profiles in Marcellus and Utica formations
  • Exhaustive analysis of competitive landscape in the Marcellus and Utica shale in terms of net acreage, gross production, cost trends and planned investments.
  • Comparison of type well economic metrics of major players were also analyzed
  • Up-to-date information on major mergers and acquisitions in the Marcellus and Utica shales between 2013 and 2019
  • Overview of existing and upcoming pipelines and LNG terminals in the Marcellus and Utica.
Reasons to buy
  • Develop business strategies with the help of specific insights into the Marcellus and Utica shales
  • Plan your strategies based on expected developments of the Marcellus and Utica shales
  • Understand the competitive landscape of the companies in the Marcellus and Utica formations
  • Keep yourself informed of the latest developments and contracts in these gas-rich shale plays
  • Identify opportunities and challenges in the Marcellus and Utica shales in the US.


  • Overview
    • Marcellus and Utica Shales, Recent Developments and Trends
      • Table Type Well Economics Comparison for Selected Areas
      • Table Figure 1: Northeast Natural Gas Price Differential to Henry Hub, 2016-2019
      • Table Figure 2: Relation between Lateral Length and Breakeven Pricing for Major Operators in the Marcellus and Utica Shaless, 2018
  • Marcellus and Utica Shales, Introduction
    • Marcellus and Utica Shales, Overview
  • Marcellus and Utica Shales, Production and Activity Overview
    • Marcellus Shale, Production Analysis, 2013-2018
      • Table Marcellus Shale, Natural Gas Production by State, mmcfd, 2013-2018
      • Marcellus Shale, Gross Natural Gas Production by County, Pennsylvania, 2013-2018
        • Table Figure 3: Marcellus Shale, Natural Gas Production by County, Pennsylvania, mmcfd, 2013-2018
        • Table Marcellus Shale, Natural Gas Production by County, Pennsylvania, mmcfd, 2013-2018
      • Marcellus Shale, Gross Natural Gas Production by County, West Virginia, 2013-2018
        • Table Figure 4: Marcellus Shale, Natural Gas Production by County, West Virginia, mmcfd, 2013-2018
        • Table Marcellus Shale, Natural Gas Production by County, West Virginia, mmcfd, 2013-2018
      • Marcellus Shale, Gross Natural Gas Production by County, Ohio, 2013-2018
        • Table Figure 5: Marcellus Shale, Natural Gas Production by County, Ohio, mcfd, 2013-2018
        • Table Marcellus Shale, Natural Gas Production by County, Ohio, mcfd, 2013-2018
      • Marcellus Shale, Gross Natural Gas Production by County, New York, 2013-2017
        • Table Figure 6: Marcellus Shale, Natural Gas Production by County, New York, mcfd, 2013-2017
        • Table Marcellus Shale, Natural Gas Production by County, New York, mcfd, 2013-2017
    • Utica Shale, Production Analysis, 2013-2018
      • Table Utica Shale, Natural Gas Production by State, mmcfd, 2013-2018
      • Utica Shale, Gross Natural Gas Production by County, Pennsylvania, 2013-2018
        • Table Figure 7: Utica Shale, Natural Gas Production by County, Pennsylvania, mmcfd, 2013-2018
        • Table Utica Shale, Natural Gas Production by County, Pennsylvania, mmcfd, 2013-2018
      • Utica Shale, Gross Natural Gas Production by County, West Virginia, 2013-2018
        • Table Figure 8: Utica Shale, Natural Gas Production by County, West Virginia, mmcfd, 2013-2018
        • Table Utica Shale, Natural Gas Production by County, West Virginia, mmcfd, 2013-2018
    • Marcellus and Utica Shales, Production Outlook, 2019-2023
      • Marcellus and Utica Shales, Production Outlook, 2019-2023
        • Table Figure 9: Marcellus and Utica Shales, Production Outlook, bcfe, 2019-2023
        • Table Marcellus and Utica Shales, Production Outlook, bcfe, 2019-2023
    • Marcellus and Utica Shales, Drilling Activity, 2018
      • Marcellus and Utica Shales, Permits Issued and Completed
        • Table Figure 10: Marcellus and Utica Shales, Permits Issued and Completed, Jan 2018 to Mar 2019
        • Table Marcellus and Utica Shales, Number of Drilling Permits Issued and Completed, Jan 2018 to Mar 2019
      • Marcellus and Utica Shales, Well Permits by County
        • Table Figure 11: Marcellus and Utica Shales, Number of Well Permits by County, Pennsylvania, Jan 2018 to Mar 2019
        • Table Marcellus and Utica Shales, Number of Well Permits by County, Pennsylvania, Jan 2018 to Mar 2019
      • Marcellus and Utica Shales, Well Permits by Company
        • Table Figure 12: Marcellus and Utica Shales, Number of Well Permits by Operator, Jan 2018 to Mar 2019
        • Table Marcellus and Utica Shales, Number of Well Permits by Operator, Jan 2018 to Mar 2019
  • Marcellus and Utica Shales, Competitive Landscape
    • Marcellus and Utica Shales, Major Companies by Acreage, 2019
      • Table Figure 13: Marcellus and Utica Shales, Major Companies by Net Acreage, 2019
      • Table Marcellus and Utica Shales, Major Companies by Net Acreage, 2019 (acres)
    • Marcellus and Utica Shales, Major Companies by Net Production, 2018
      • Table Figure 14: Marcellus and Utica Shales, Major Companies by Net Production, 2018 (mboed)
      • Table Marcellus and Utica Shales, Major Companies by Net Production, 2018 (mboed)
      • Marcellus and Utica Shales, Initial Production Rates
        • Table Marcellus and Utica Shales, Major Companies by Initial Production Rates, 2019
      • Well Profile
        • Table Figure 15: Marcellus and Utica Shales, Well Profile
    • Marcellus and Utica Shales, Future Plans by Major Companies
      • Marcellus and Utica Shales, Planned Investments, 2019
        • Table Marcellus Shale, Planned Capital Expenditure by Major Companies, 2019 (US$ Million)
        • Table Utica Shale, Planned Capital Expenditure by Major Companies, 2019 (US$ Million)
    • Marcellus and Utica Shales, Cost Trends, 2018
      • Marcellus and Utica Shales, Well Costs
        • Table Marcellus and Utica Shales, Major Companies by Well Costs, 2018
  • Marcellus and Utica Shales, Analysis of Top Five Companies
    • Marcellus and Utica Shales, Economic Metrics of Major Players
      • Table Marcellus and Utica Shales, Major Companies by Type Well Data, 2018
    • EQT Corp.
      • Key Operational Parameters
        • Table EQT Corp., Marcellus and Utica Shales, Key Operational Parameters, 2018
        • Table EQT Corp. Marcellus and Utica Shales, Key Economics, 2018
    • Antero Resources Corp.
      • Key Operational Parameters
        • Table Antero Resources Corp., Marcellus and Utica Shales, Key Operational Parameters, 2018
        • Table Antero Resources Corp., Marcellus and Utica Shales, Key Economics, 2018
    • Cabot Oil & Gas Corp.
      • Key Operational Parameters
        • Table Cabot Oil & Gas Corp., Marcellus Shale, Key Operational Parameters, 2018
        • Table Cabot Oil & Gas Corp., Marcellus Shale, Key Economics, 2018
    • Southwestern Energy Co.
      • Key Operational Parameters
        • Table Southwestern Energy Co, Marcellus and Utica Shales, Key Operational Parameters, 2018
        • Table Southwestern Energy Co, Marcellus and Utica Shales, Key Economics, 2018
    • Range Resources Corp.
      • Key Operational Parameters
        • Table Range Resources Corp., Marcellus and Utica Shales, Key Operational Parameters, 2018
        • Table Range Resources Corp., Marcellus and Utica Shales, Key Economics, 2018
    • Ascent Resources LLC
      • Key Operational Parameters
        • Table Ascent Resources LLC, Utica Shale, Key Operational Parameters, 2018
        • Table Ascent Resources LLC, Utica Shale, Key Economics, 2018
    • CNX Resources Corp.
      • Key Operational Parameters
        • Table CNX Resources Corp., Marcellus and Utica Shales, Key Operational Parameters, 2018
        • Table CNX Resources Corp., Marcellus and Utica Shales, Key Economics, 2018
  • Marcellus and Utica Shales, Associated Infrastructure
    • Pipelines
      • Table Marcellus and Utica Shales, Active, Planned and Announced Pipelines
    • LNG
  • Mergers and Acquisition Activity in the Marcellus and Utica Shales, 2013-2019
    • Overview of M&A Activity
    • Major Acquisitions
      • MPLX Completes Acquisition of MarkWest Energy for US$20 billion
      • EQT completes acquisition of Rice Energy for US$8.2 billion
      • Southwestern Energy completes acquisition of oil and gas assets in West Virginia and Pennsylvania from Chesapeake Energy for US$4.98 billion
      • Encino completes acquisition of Utica shale oil and gas assets in Ohio from Chesapeake Energy for US$2 billion
      • Ascent Resources completes acquisition of oil and gas properties in Ohio from Hess, CNX Resources, Salt Fork Resources, and Utica Minerals Development for US$1.48 billion
        • Table Marcellus and Utica Shales, Major Deals by Oil and Gas Companies, 2013-2019
  • Appendix
    • Abbreviations
    • Methodology
      • Coverage
      • Secondary Research
    • Contact Us
    • Disclaimer

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