Marcellus: Identifying US$90 billion in remaining value
Our granular well-level analysis of this key shale gas play indicates a strong future of continued growth
The Marcellus is currently the largest shale gas play in the world. Its recognised commercial area spans over 30 million acres across four states and our latest research has revealed it to hold over US$90 billion in remaining value.
We expect the top 20 operators to drill 25,000 wells through to 2035 at a cost of nearly $110 billion.
In performing our research, we divided the play into 16 sub-play areas before leveraging our North America Well Analysis Tool which holds clean reported production data for each individual well.
Although rig counts have fallen across the Marcellus since early 2012, we can see that improved efficiency and a renewed focus on the play’s core sub-plays have led to on-going growth.