Palmerton Group

• Environmental Risk Management
• Environmental Liability Transfer Management
• Remediation and Site Closure
• Marcellus Shale Gas
  • Facts and Statistics
  • What You Need to Know
  • Implications and Opportunities for Companies
  • Supply and Demand
  • Pipeline and Storage
  • Companies Entering the Play
  • How Do I Enter the Market?
  • Environmental Due Diligence
  • Frac Flow-Back Water Study
  • Related Links
• Water Resources and Groundwater
• Sediment Management
• Environmental Litigation Support
• Compliance Services
• Wetland Mats

Marcellus Shale Gas — Facts and Statistics

The Facts

The discovery of the Marcellus shale, stretching from West Virginia to the Southern Tier of New York has brought an explosion of oil and gas activity to the area. The development of what is the largest unconventional gas field in the world has only come about in the past few years, with the advancement of horizontal drilling and hydraulic fracturing techniques. Below are some basic facts.

Statistics

• Size
  • 63 Million acres over 6 states (New York, Pennsylvania, Virginia, West Virginia, Maryland, Ohio)
  • 1,700 Trillion Cubic Feet (TCF) of gas in place
  • 500 TCF recoverable potential
  • 500,000 potential well sites
• Field Development
  • 2000+ wells drilled to date 2005-2010 (Pennsylvania)
  • 900 to be drilled in 2010, up from 195 in 2008 (Pennsylvania)
  • 2000 well permits issued in 2010 (Pennsylvania)
  • $100+ Billion in projects committed to the gas field
• Production
  • 1 BCF/Day (Mid 2010)
  • 6-8 BCF/Day projected by 2014
  • 10% of us Gas production by 2011, 30% by 2014
  • $1 per MCF wellhead production costs achieved by Chesapeake in 2009
• Infrastructure
  • $30 Billion in infrastructure projects needed over the next 5 years
  • $100 Billion in infrastructure needed over the next 20 years