Insight
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6 Pages

2012 US Lower 48 Northeast year in review


2012 US Lower 48 Northeast year in review

Report summary

The Marcellus Shale became the top-producing unconventional gas play in the world in 2012, surpassing 7 bcfd to double its production from the year before. Increased well recoveries kept production strong despite a decline in rig activity, as operators moved rigs from the dry-gas Northeast Marcellus to the liquids-rich southwest and emerging Utica Shale. Utica development truly began to take off as well, with the number of well permits quadrupling from 2011 and operators drilling nearly,

What's included?

This report includes 2 file(s)

  • 2012 US Lower 48 Northeast year in review PDF - 517.65 KB 6 Pages, 2 Tables, 4 Figures
  • 2012 US Lower 48 Northeast Year In Review January 2013.xls XLS - 163.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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  • Executive summary
  • Northeast dominated by Marcellus and Utica development
    • Development shifts to the Utica Shale
    • Utica garners billions in investment during 2012
    • Utica Shale continues to drive M&A activity
    • Regulation tightened during 2012
    • Minimal activity in the Michigan and Illinois basins
  • What’s next for 2013?

In this report there are 6 tables or charts, including:

  • Executive summary
  • Northeast dominated by Marcellus and Utica development
    • Marcellus rig count falls while Utica rig count rises
    • Production surges ahead in the Northeast Marcellus
    • Nearly 200 wells have been drilled in the Utica Shale since development
    • Infrastructure commitments in the Utica and Marcellus
    • New processing plants in the Utica
    • Select Northeast M&A deals
  • What’s next for 2013?
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