Technology improving efficiency in Marcellus, Utica shales

摘要

The North American shale revolution has stood many traditional notions about oil and gas development on end. The rig count as a leading indicator is one of these notions. Allen Gilmer, chief executive of Drillinginfo, addressed a crowd at Hart Energy's recent DUG East event in Pittsburgh with some rather startling numbers. Effectively, since his company began following activity in the Marcellus and Utica shales, production has ramped up considerably. Marcellus gas production saw the beginnings of an uptick in 2010, with daily production rising from about 500 MMcf in the first quarter to 2 Bcf in the fourth quarter. By the end of 2012, daily gas production was four times that amount.