As demand returned, natural gas operators were rewarded, but pipeline constraints still cloud the basin’s future Austin, Texas (February 9, 2021) — As the Northeastern U.S. emerges from yet another headline-making snowstorm, Enverus, the leading energy SaaS company, released its latest FundamentalEdge report. Appalachia’s Capacity Conundrum focuses on natural gas production in Appalachia and what seems to be never-ending takeaway capacity challenges and what that could mean for one of America’s most prolific gas basins. Much of Enverus’ latest report centers on the Keystone State, Pennsylvania. While production has climbed and efficiencies have seen gains in the northeast portion of the state, over the past few years, the region’s growth potential is capped by pipeline takeaway capacity. Efforts to take additional northeastern Pennsylvania gas out of the region have faced significant regulatory and legal challenges. “For years, natural gas operators in Appalachia have been forced to survive a low-price environment and pipeline bottlenecks, and then the COVID-19 pandemic hit further complicating the energy markets. What’s clear now is that as crude oil prices suffered, natural gas prevailed just in time for winter demand. But if you can’t reliably deliver due to capacity constraints then that changes the road ahead —… continue reading
Continue reading Appalachia’s Capacity Conundrum Continues to Snowball as Northeast Endures Epic Storms. This article appeared first on CTRM Center.
Source: CTRM Center