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Analysts Discuss Marcellus Production

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By Steve Toon, Hart Energy
June 1, 2014

Takeaway capacity in the northeast region of the Marcellus Shale at present is "barely ahead" of production, and that tells you everything you need to know, according to Jefferies & Co. equity analyst Subash Chandra. “Very small changes in timing or weather could really swing basis differentials around. Local markets are pretty fickle,” he told Oil and Gas Investor.

To wit, when the Henry Hub natural gas price in early March stood at $4.77 per thousand cubic feet (Mcf), pricing in a relatively small geographic area in the Northeast ranged ...


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