MIRATECH will be onsite attending the conference and exhibition. This is #1 midstream event that is focused on the World’s Largest Natural Gas-Producing Region. Dubbed “the beast in the East,” the Marcellus and Utica shale formations are the undisputed drivers of the U.S. shale gas revolution. Now the largest natural gas-producing region in the world, both formations account for almost 40% of total U.S. natural gas production. The ramp up in production has been swift. Just four years ago, Marcellus production was just 2 Bcf/d. This year, Marcellus production is expected to surpass 16 Bcf/d. And now experts predict the Utica could be even bigger.
Perhaps the region’s biggest challenge is midstream takeaway capacity. Thousands of wells waiting completion in the Marcellus and Utica are driving unprecedented demand for new midstream assets. Major investments are being made as pipeline operators plan and implement capacity expansion projects and “reverse streams” to seize the opportunity to gather low-cost Northeast gas and NGLs.