RR touts Liquids and Ethan Potential from Marcellus and Utica
In a speech at Columbus RR executive touted the enormous liquid potential of the Marcellus and Utica. I will not mention the C word.
This is one of the most ethane-rich plays I’ve ever seen in the world,” said Greg Davis, vice president of marketing at Range Resources Corp., which has been active in the Pennsylvania Marcellus region. “Some of our wells are up to 18 [percent], 20 percent ethane out of the ground. ... We’re talking about 500,000 barrels a day including ethane out of this play by 2018
Forget the "C" word, think "BIG E" for EXPORT instead!!! With action like this you think anybody producing ethylene from naptha in Europe is competitive? Let's Laugh!! Now, subtract 50,000 barrels of ethane/day for Mariner West and 150,000 barrels/day of ethane for ATEX. That leaves 300,000 barrels/day of ethane or 100+MILLION barrels/year for Mariner East phases II,III,IV etc. Fortunately, Marcus Hook has 800 acres, five ship berths, and easy acces to the Atlantic and Europe. You can also expect a MWE announcement soon that a couple more 40,000 barrel/day de-ethanizer columns are on order!! Shell,who? Even if they announce today it will be 2019 before the first barrel of ethane is ordered......