Marcellus gas production continues undaunted despite Sandy
Houston (Platts)--31Oct2012/620 pm EDT/2220 GMT
Natural gas production in the Northeast is continuing at a high pace
despite the devastating effects Hurricane Sandy had on homes and businesses
in much of the region.
On Wednesday, some Marcellus Shale-area producers were saying there was
very little impact to their operations, and data from Bentek Energy, a unit
of Platts, showed minimal drop-off to total Northeast gas production flow.
Northeast production flow was pegged at about 8.81 Bcf for Wednesday,
down slightly from 8.83 Bcf on Tuesday. Monday's flow total was higher, at
9.06 Bcf, but flows were lower over the weekend and late last week, when the
October 26 flow was at 8.84 Bcf.
"Cabot was fortunate," said George Stark, spokesman for Cabot Oil & Gas.
"Our operations, including production, were not adversely impacted by the
storm."
Article continues below...
|
Commodity Pulse Video: Top 250 Energy Company Rankings analysis: oil reigns supreme; commodities diverge across regions |
 | Platts editors take an in-depth look at Platts Top 250 rankings for 2012 and explain how record average crude prices have seen the oil & gas sector extend its dominance of the world's top energy companies; the disparate fortunes of gas, coal and power utilities & producers across each region; & how Asian & Russian companies dominate where return on invested capital (ROIC) is concerned.
Watch the video
|
|
Chesapeake Appalachia also saw little effect to its gas production
operations in the Northeast, saying "there has been minimal impact to
drilling, completion and production operations in the Marcellus region."
Talisman Energy took preparatory efforts ahead of the storm, said Berta
Gomez, media relations adviser with the company. Its drill rig in
Pennsylvania was racked over the weekend, in the process of moving to another
well location, and was left down until the storm passed. The rig was put up
Tuesday, Gomez said, and the company returned to normal operations in
Pennsylvania on Wednesday.
Christina Ramirez, a spokeswoman for Anadarko Petroleum, said the
company does not break out volumes shut in due to weather events because the
company provides a risked operational profile that reflects possible
weather-related downtime in its sales-volume guidance.
"We are now returning the select operated production that we shut in on
Monday to pre-storm levels," Ramirez said Wednesday.
Although Sandy is one of the worst natural disasters to hit the
Northeast in decades, it appears it will have little impact on total
Marcellus production for the year. The year-to-date average gas flow for 2011
was about 5.17 Bcf/d, according to Bentek, and year-to-date for 2012 is at
8.51 Bcf/d, with the current 30-day average coming in at 8.73 Bcf/d.
--Elizabeth Bassett, elizabeth_bassett@platts.com
--Edited by Jason Lindquist, jason_lindquist@platts.com