By April 06 2015
WHEELING – The Atlantic Coast Pipeline, the Mountain Valley Pipeline, the Rover Pipeline and the Leach XPress are some of the multi-billion dollar projects Corky Demarco believes will keep Marcellus shale production levels climbing for years to come – just as they jumped more than 1,000 percent over the last five years.
Even as drillers cutback on capital expenditures for this year amid lower oil and natural gas prices, data tabulated by the federal Energy Information Administration indicates these pipelines will allow for an even greater demand for Marcellus material.
“We may have shown a 200-300 percent increase a couple of years ago, but we had no way to get the gas out of here because of the pipeline problem,” Demarco, executive director of the West Virginia Oil and Natural Gas Association, said. “Now, the production is a little down, but it will get going once the pipelines are open.”
The EIA shows the Marcellus formation is now pumping 14.6 billion cubic feet of natural gas per day compared to the 1.3 Bcf it yielded per day five years ago.