Huge productivity gains see Marcellus, Utica deliver 85% of shale gas growth since 2012

Increased productivity of natural gas wells in the Marcellus and Utica Shale basins is responsible for 85% of increased natural gas production in the U.S. since 2012, according to the Energy Information Administration (EIA). Natural gas from shale basins is now responsible for 56% of U.S. dry natural gas production. Collectively, shale production from the…

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Total US shale oil, gas producers’ revenue to exceed capex for first time since 2008: FT

Cash earned from operations by 25 leading North American shale oil and gas exploration and production companies is expected in aggregate to exceed their capital spending next year for the first time since 2008, according to a Financial Times analysis. Shale companies’ finances have improved rapidly as a result of a shift by many away…

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