Fracking in the Marcellus Shale Yields Profits for Gas Producers
FuelFix : “The Marcellus Shale is starting to prove that, given time, its proximity to the East Coast can make it profitable for those who got in early, according to a Moody’s report issued Tuesday.”
“’Marcellus’ size and geographic location near the high-demand U.S. Northeast and Midwest markets give gas producers there a distinct advantage over their competitors elsewhere in the US,’ Moody’s wrote.”
“Operators in the Marcellus also have benefited from greater demand for natural gas on the East Coast for power and heating, as well as the demand for natural gas liquids. New technologies, such as pad drilling, also have helped operators make these wells more productive, further adding to their profitability.”
Crossposted at Wonk Wire.