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United States Natural Gas ETF Message Board

  • ccie4297 ccie4297 Apr 9, 2013 11:12 PM Flag

    Marcellus Shale NG Profitable at $1.90

    Though the number of wells drilled fell by nearly a third, natural gas production in Pennsylvania jumped a whopping 69% in 2012, according to the Energy Information Administration. Output in the state rose from 3.6 bcf/d to 6.1 bcf/d.

    Going forward, Pennsylvania production should continue to increase, led by the giant Marcellus shale. The Marcellus is considered one of the lowest-cost, if not the lowest-cost, play in the country. Analysts at Societe Generale estimate that drilling in the Marcellus is profitable as long as natural gas prices remain above $1.90/mmbtu.

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