According to reports, Ken Otto, senior vice president of Purvin & Gertz, an energy consulting company, said on March 29th that drilling development plans in the US shale area are rapidly shifting from dry gas to areas rich in natural gas liquids (NGLs). Otto said that the number of dry gas drilling rigs in the United States The proportion has been significantly reduced from nearly 80% at the beginning of 2009 to the current approximately 40%, as more energy companies have shifted their focus to oil.
Otto said at the IHS Global Petrochemical Conference that this is due to the huge spread between oil and natural gas in the United States. Areas such as the Beacon Shale area in North Dakota and the Niobrara Shale area in Colorado have received extensive attention from energy companies because of their fluids, significantly increasing investment in these areas. In addition, the development of liquid-rich areas in the Marcellus shale area in the eastern United States is also steadily increasing.
Shell has recently chosen the Marcellus shale area near Pittsburgh, Pennsylvania as the planned site for the ethylene cracking complex.
Otto said at the IHS Global Petrochemical Conference that this is due to the huge spread between oil and natural gas in the United States. Areas such as the Beacon Shale area in North Dakota and the Niobrara Shale area in Colorado have received extensive attention from energy companies because of their fluids, significantly increasing investment in these areas. In addition, the development of liquid-rich areas in the Marcellus shale area in the eastern United States is also steadily increasing.
Shell has recently chosen the Marcellus shale area near Pittsburgh, Pennsylvania as the planned site for the ethylene cracking complex.
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