Hughes quoted in article on Marcellus shale
February 5, 2014
Post Carbon Fellow David Hughes was quoted in this article at E&E looking at improvements in well efficiency in the Marcellus shale.
From the article:
“The Marcellus has become a monster,” Thomas Driscoll, an analyst with Barclays Capital Inc., wrote in November 2013. “Marcellus gas production has doubled in the past 2 years to nearly 13 [billion cubic feet per day] — and it shows no signs of slowing down.”
It may end up holding prices down, Driscoll worried.
“If the Marcellus continues to grow at recent rates we fear that U.S. gas prices are more likely to fall short of $4 than to average more than $4 on long term natural gas prices,” he said.
Another possibility: The Marcellus is preparing to flame out.
That’s a real concern for David Hughes, a fellow at the Post Carbon Institute who worked at the Geological Survey of Canada for 30 years. Among his focus areas: unconventional gas.