Marcellus Shale production increase surprise experts
August 15, 2013
PITTSBURGH (AP) - Marcellus Shale natural gas production is rising even faster this year than energy experts predicted, and that's having a national impact on energy.
Production in Pennsylvania and West Virginia is up about 50 percent this year compared to last year according to Bentek, a Colorado company that analyzes energy trends. Figures from the pipelines show that in the first six months of the year Pennsylvania produced about 1.5 trillion cubic feet of gas, with projections for a year-end total of about 3.2 trillion cubic feet. about 550 million barrels of oil.
Diana Oswald, a Bentek analyst, says Marcellus production this year "has definitely outpaced our expectations" and is changing long-established national energy trends.