How long does a Marcellus Shale well produce?

30 to 50 years
Marcellus Shale gas wells are expected to produce for 30 to 50 years, and perhaps much longer.

How many barrels of oil does the Permian Basin produce per day?

Texas and New Mexico, home of the Permian region, produce about 5.8 million barrels a day in normal circumstances, about half of the country’s total crude output, according to data from the U.S. Energy Information Administration.

How many DUCs are in the Permian Basin?

2,616 DUCs
Nearly 40% of DUCs (or 2,616 DUCs) are in the Permian Basin, located in western Texas and eastern New Mexico. We estimate that the U.S. DUC inventory peaked at 8,874 DUCs in June 2020.

How much natural gas can the Marcellus Shale produce?

The Marcellus Shale contains about 84 trillion cubic feet of undiscovered, technically recoverable natural gas and 3.4 billion barrels of undiscovered, technically recoverable natural gas liquids according to a new assessment by the U. S. Geological Survey (USGS).

Why is the Marcellus Shale important?

This shale contains significant quantities of natural gas. New devel- opments in drilling technology, along with higher wellhead prices, have made the Marcellus Shale an important natural gas resource.

What is the average oil well production?

The average daily production for an oil well was 21.9 barrels. For a gas well, the average was 298 Mcf per day.

Is Marcellus Shale a good reservoir rock?

Long known to be a source rock for many conventional oil and gas reservoirs in the Appalachian basin, the Marcellus shale is now being explored as an unconventional reservoir. In the past, however, the low permeability conditions of the shale reservoir made removal of hydrocarbons economically unfeasible.

Is there oil in Marcellus Shale?

Early Marcellus Estimates by USGS As recently as 2002, the United States Geological Survey in its Assessment of Undiscovered Oil and Gas Resources of the Appalachian Basin Province, calculated that the Marcellus Shale contained an estimated undiscovered resource of about 1.9 trillion cubic feet of gas.