How The Marcellus Shale Play A Viable Economic Opportunity? Essay

1450 Words Nov 4th, 2014 null Page
The Marcellus Shale Play is a black shale formation lying under the Appalachian Basin running from Tennessee to New York. The U.S. Energy Information Agency (EIA) estimates that 1,953 billion cubic feet of recoverable reserves lie beneath the shale sediment. (U.S. Energy Information Administration, 2012) The EIA estimates that shale basins in the United States have a potential to produce from 500-1,000 trillion cubic feet of natural gas (U.S. Energy Information Administration, 2012). Natural Gas production has risen so dramatically that the U.S. imports fell to just 4% of its energy consumption. The U.S. imported 16% in 2012 and 30% in 2005 (U.S. Energy Infomation Administration, 2014).
Until 2008 the Marcellus Shale Play was deemed unrecoverable. Advances in technology, namely hydraulic fracturing, or “fracking,” and increased demand, have made the Marcellus Shale Play a viable economic opportunity. In 2007, energy exploration companies began establishing a presence in the region and leasing mineral rights from property owners. We will use data from 2000, the immediately preceding census. 2008, the first full year of Marcellus Shale activity and 2013, the last full year of data available for the purposes of this benefit-cost
Five counties in Northeastern Pennsylvania; Bradford, Susquehanna, Wyoming, Tioga and Sullivan are considered “core” counties, located at the epicenter of drilling activity. For the purposes of this study we will focus on the following three core…

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