Industry News

Chesapeake Energy Corp. is planning to drill more natural gas wells in Utica Shale located in eastern Ohio of the USA

The USAChesapeake Energy Corp. intends to resume drilling Utica Shale wells in eastern Ohio in 2016 and 2017. The Company indicated that five wells each in the Utica Shale and Marcellus Shale will be hydraulic drilled in 2016. Chesapeake will supply natural gas via a recently opened pipeline to the Gulf Coast. The Utica produced 146,000 barrels of oil equivalents per day, compared to its Marcellus total of 144,000 barrels of oil equivalents per day in the first quarter of 2016.

 TechSci Research depicts that Positive displacement and dynamic compressors are required for the application of compressing natural gas and feeding it to the pipelines connecting to the gas gathering stations. The demand for natural gas compressors is anticipated to grow at a robust pace over the next five years. Moreover, increasing upstream production from non-conventional sources including shale gas, midstream and downstream applications, and replacement of aging compressors are some of the other major factors expected to boost the global natural gas compressors market during 2016-2021.

According to TechSci Research report “Global Natural Gas Compressors Market By Technology, By Application, By Region, Competition Forecast and Opportunities, 2011 - 2021, the global natural gas compressors market is anticipated to cross US$ 5.5 billion by 2021.   Region-wise, North America dominated the global natural gas compressors market in 2015, and the region is anticipated to maintain its dominance over the next five years as well. 

Relevant News