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Economic Viability Of Shale Gas Production In The Marcellus Shale; Indicated By Production Rates, Costs And Current Natural Gas Prices, Ryan J. Duman

Dissertations, Master's Theses and Master's Reports - Open

The U.S. natural gas industry has changed because of the recent ability to produce natural gas from unconventional shale deposits. One of the largest and most important deposits is the Marcellus Shale. Hydraulic fracturing and horizontal drilling have allowed for the technical feasibility of production, but concerns exist regarding the economics of shale gas production. These concerns are related to limited production and economic data for shale gas wells, declines in the rates of production, falling natural gas prices, oversupply issues coupled with slow growth in U.S. natural gas demand, and rising production costs. An attempt to determine profitability was …