Title : Update On Takeaway Capacity In The Marcellus / Utica -- May 9, 2017
link : Update On Takeaway Capacity In The Marcellus / Utica -- May 9, 2017
Update On Takeaway Capacity In The Marcellus / Utica -- May 9, 2017
Active rigs:5/9/2017 | 05/09/2016 | 05/09/2015 | 05/09/2014 | 05/09/2013 | |
---|---|---|---|---|---|
Active Rigs | 49 | 28 | 84 | 192 | 183 |
RBN Energy: another update on the Marcellus / Utica gas pipeline takeaway projects.
For years now, limited natural gas pipeline takeaway capacity has constrained gas production growth in the Marcellus/Utica natural gas shale plays in the Northeast.
To fix that, a slew of pipeline projects were planned to relieve the constraints as regional supply began outstripping demand starting in 2014.
Now, the region is on the verge of being unconstrained for the first time since the Shale Revolution hit Appalachia. Many of those projects have come online since then, and another 19 expansions totaling 15.5 Bcf/d are planned for completion by late 2019.
If all goes as expected, this next round of projects should turn the Northeast market on its head again, as the capacity additions should start to outpace production growth. The problem, though, is that several projects have faced significant challenges in recent months, resulting in either cancellation or major delays.
At the same time, Marcellus/Utica production growth has slowed dramatically in the past 18 months or so. In today’s blog, “In a Northeast Minute…Everything Can Change — An Update of Marcellus/Utica Takeaway Projects,” Sheetal Nasta begins a series looking at the status of regional takeaway capacity expansions.
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