Appalachian Basin
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Two of the most established US independents are combining to form a natural gas powerhouse that will be given a new name later this year. -
The sale of the Appalachia position is in line with Shell’s strategy to focus on its shales strategy.
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The complete paper presents a case study in which offline cementing improved operational efficiency by reducing drilling times and provided significant cost savings.
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The data analytics firm projects US dry gas output growth will shrink to 2 Bcf/D next year from 8–9 Bcf/D in 2018 and 2019.
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The combination will operate and share ownership of midstream gas assets in the Utica and Marcellus Shale plays. CPPIB financially backs operator Encino Energy, which last year acquired Chesapeake Energy’s Utica assets.
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A marked change from a decade ago, Appalachia, the Permian, and the Haynesville now represent almost half of total US gas production, EIA reports.
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The complete paper describes a recent directional coiled-tubing drilling (DCTD) job completed for an independent operator in the Appalachian Basin.
