Predicting the future of the natural gas industry is a bit like following Alice through the looking-glass, according to an independent energy analyst, but he believes the story will become easier to read by 2022.
Jim Halloran, who holds degrees in business and accounting, spoke Tuesday to those attending the National Association of Royalty Owners’ 2018 Appalachian Conference. His topic was “The Future of the Natural Gas Market,”and he outlined a number of factors that will help determine the course of the industry over time.
He added that the number of conventional wells and their production are declining, putting more emphasis on the hydraulic fracturing and horizontal drilling techniques being used in Ohio, West Virginia and Pennsylvania in the Marcellus Shale and Utica Shale fields.
Diversified Gas & Oil Plc (DGOC) owns and operates gas and oil producing wells in the Appalachian Basin in the United States. The Company’s operations are based in the neighbouring states of Pennsylvania, Ohio and West Virginia, which cover part of the largest and oldest hydrocarbon producing field in the US, known as the Appalachian Basin.