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The sixth forum in the virtual series, “The Next Chapter in Unconventionals - Learning from the Past and Opportunities for the Future,” focused on the Marcellus and Utica shales in the Appalachian basin.
The objective of the forum was to bring key players together to:
🗹 Exchange knowledge on what we did, why we did it, and what worked and did not work
🗹 Collaborate on how we can use such learnings to be better prepared for the future of Marcellus and Utica shale development.
Hear Mathias' experiences at his first forum and what the SPE forums mean to him.
The Appalachian basin covers over 100,000 square miles and is the most prolific gas basin in the United States. Currently, most development activity and production come from the Marcellus and Utica shales in Pennsylvania, Ohio, and West Virginia. The Appalachian basin serves as a highly commercial and scalable producer of clean-burning natural gas in the United States. As a result, the basin continues to garner global environmental, social, and governance (ESG) interest as a means to meet a growing energy need with a climate-sensitive fuel.
Technology and learnings continually advance in the Marcellus and Utica to meet evolving challenges confronted by both private and public operators.
Maximizing incremental program returns while improving operational stewardship in the Marcellus and Utica will require:
🗹 Advanced subsurface characterization cognizant of dynamic stress and pressure conditions
🗹 Field development optionality with emphasis on co-development and in-fill development considerations
🗹 Asset management ensuring accretive flow-assurance at the well, pad, and system level
🗹 Extending applications of advanced data analytics and influence of ESG stewardship