Shale gas production in United States has grown over the past few years and bringing about a significant change in the well inspection and violation rates.
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Well Inspections Rise, However Violations Decrease in Shale Gas Market Shale drillers have finally proved that they can produce more gas with just a handful of wells. Despite a significant fall in the number of new wells, the Department of Environmental Protection revealed that Pennsylvania’s shale wells have managed to produce about 4.6 trillion cubic meter of natural gas last year. The figure marks a continuous rise since the boom in the shale gas market say industry expert at Allied Market Research. Subject matter experts assessing the size, share, and growth prospect are excited that volume production of shale gas is now possible despite a fall in newly constructed wells. Last year, producers had drilled approximately 785 wells and almost half of them were drilled in 2014.
Although conventional and unconventional well inspections are on the rise, a significant drop was absorbed in the number of violations. While 1,280 inspections were issued in 2010 regions witnessed about 404 violations carried out last year. Recent statistics also show that violation issued for conventional well when compared to the unconventional well for shale gas is fairly on the higher side. The trend seems to move upward despite the fact that number of unconventional wells are more than conventional wells.
Big Brands Explore Potential Regions
Major producers who have managed to transform the complete shale gas market landscape include some of the big names like Range Resources, Chesapeake, and Carbot Oil & Gas. Besides, the topmost regions contributing to the production of shale gas today are Greene counties and Washington. Susquehanna has also been luring investors for its capability to produce natural gas. There are speculations that once the drilling activity for Point Pleasant Shale Plays & Utica expands it will increase improve the fate of shale gas. These formations are located beneath Marcellus and has less than 56 wells.
Wrongdoings Decrease Over the Past Few Years in Shale Gas Market
Observations show that shale gas industry have paid less fine last year. In 2015 DEP investigations showed no traces of wrongdoing when investigating water contamination due to methane migration. Industry experts and environmentalist have however adopted a different outlook toward these findings. In an earlier statement, Marcellus Shale Coalition praised the joint efforts of the gas producers and regulatory bodies in such investigations. Expressing his sentiments about the investigations Dave Spigelmyer president at Marcellus Shale Coalition said “At the same time, while DEP’s performed a record number of inspections, overall regulatory compliance is at a five-year high and trending in the right direction.” Spigelmyer further explained “We’re also very proud that despite the Commonwealth’s unique geology and longstanding shallow methane-related challenges, there were zero stray gas issues in 2015, thanks in large part to the strong, common sense well construction regulations that our industry supported. “However, officials at Marcellus Shale Coalition believe that new taxes will soon jeopardize the development.
Environmentalist Hold a Different View
Maya Van Rossum, who works at the Delaware Riverkeeper Network say the investigations do not provide clarity on the situation. Several environmentalists are involved in studying tracking as well as drilling activities that are inflicting dangers on the neighboring communities. They are of the faith that environmental conditions are going down owing to drilling and so more and more investments should be made on resources into the green energy path.