The Appalachian shale basin has reportedly swelled over 85% in gas production moving from 13,837 Bcf/D to 26,027 Bcf/D. The region has achieved gas production more than all other shale plays in the United States combined and stands poised as one of the most productive and economic gas acreages in the country.
In 2018, the pipeline projects that are expected to come on-line in Marcellus and Utica molecules could create reasonable price equilibrium throughout the United States regions, which would translate into thousands of dollars saved on energy bills for consumers in Midwest and Atlantic Seaboard. The most outstanding characteristic of Appalachian gas production is reportedly technological innovation and evolving costs. And, the recent production per well of 26,027 mcf/day has proven that the Marcellus and Utica shale operators are not on a downward trajectory and haven’t exhausted being the best rock in the region.
The main driving factor in the context of the sustainable increase in output is the relentlessly evolving technology that is tested and applied in the region. Also, the drilling techniques of the Appalachian producers are cutting-edge, which includes high conductivity, super laterals, multiple well-drilling, and proppant with latest crush resistance. The evolving technology has enhanced the efficiency of the drilling operations by nearly 50% increase, so what would take to complete a well in months, can now be achieved in just a few days.
Meanwhile, the Appalachian gas had made a significant economic impact and a long-term benefit of supply security in the United States. Both Marcellus and Utica gas have been increasingly serving the growing LNG, power and industrial demand load in the Gulf Coast. Apart from which, the region has reportedly become a testing ground for technological innovation in hydraulic fracturing, which has given regional producers a competitive edge in an ultra-low price environment. And, Appalachian gas production is expected to dominate national conversation in the context of policy, environment, and energy in the years ahead.