03/07/14 – Marcellus and Utica shale gas production continues to grow
ICF International has released its second quarter 2014 Detailed Production Report, providing an outlook for U.S. and Canada natural gas, natural gas liquids and oil production through 2035.
ICF predicts that gas production for the Marcellus and Utica Shale will grow to 34 billion cubic feet (Bcf) per day by 2035, compared to 25 Bcf per day projected in the first quarter 2014. Utica wells are “more gassy” than initially expected, therefore ICF expects gas production growth from the Utica wells to be much greater.
Improvements in drilling and hydraulic fracturing technology continue to increase estimated ultimate recovery (EUR) per well, according to ICF. Recent well statistics reported by producers suggest that newer wells have longer horizontal laterals and more fracture stages. However, ICF expects gas EUR in Marcellus to average 6.2 Bcf per well compared to 5.2 Bcf per well in the last quarter, and the gas EUR in Utica to average 3.3 Bcf per well compared to 2.5 Bcf per well in the last quarter.
Resource recovery is expected to be higher than previously projected with current inter-lateral distance ranges between 1,000 and 1,500 feet, but new pilot tests show 500 to 750 feet between laterals.
ICF experts also project more well completions because of improvements in the number of wells drilled per rig. The number of gas well completions is expected to average about 2,050 wells per year in Marcellus compared to 1,750 wells per year in the last quarter, and 500 wells per year in Utica compared to 395 wells per year last quarter.
Source – FierceEnergy.com