Marcellus and Utica Shale Gas Production Continues to Grow According to New ICF International Detailed Production Report

ICF International (NASDAQ:ICFI), a leading provider of consulting services and technology solutions to government and commercial clients, has announced its second-quarter 2014 Detailed Production Report. The Report provides a complete outlook for U.S. and Canada natural gas, natural gas liquids (NGL) and oil production through 2035.

The Detailed Production Report contains many findings that will be of interest to oil and gas producers, field services companies and the investment community. Some projected trends from the current Report:

• Gas production for the Marcellus and Utica Shale is projected to grow to 34 billion cubic feet (Bcf) per day by 2035, compared to 25 Bcf per day projected in the first quarter 2014 Detailed Production Report. Utica wells are "more gassy” than initially expected, therefore gas production growth from the Utica wells is expected to be much greater.
• Improvements in drilling and hydraulic fracturing technology continue to increase estimated ultimate recovery (EUR) per well. Recent well statistics reported by producers suggest that newer wells have longer horizontal laterals and more fracture stages. However, gas EUR in Marcellus is projected to average 6.2 Bcf per well compared to 5.2 Bcf per well in the last quarter Report, and the gas EUR in Utica is projected to average 3.3 Bcf per well compared to 2.5 Bcf per well in the last quarter Report.
• Resource recovery is expected to be higher than previously projected. Current inter-lateral distance ranges between 1,000 and 1,500 feet, but new pilot tests show 500 to 750 feet between laterals.
• ICF experts also project more well completions because of improvements in the number of wells drilled per rig. The number of gas well completions is projected to average about 2,050 wells per year in Marcellus compared to 1,750 wells per year in the last quarter Report and 500 wells per year in Utica compared to 395 wells per year in last quarter’s Report.

The Report presents annual production projections for more than 50 basins throughout the U.S. and Canada, and includes total production for both the U.S. and Canada. The Report’s production projections are linked to ICF’s Natural Gas-Strategic Outlook, which provides additional insight into the future of the North American natural gas market.

Comprehensive data included in the Detailed Production Report:

• Projected gas, oil and NGL production by year and by region through 2035.
• Projected gas and oil well activity by year and by region through 2035.
• Vintage production charts for each region, showing how production changes over time.
• Estimated ultimate recovery statistics for oil, gas and NGL wells by region.
• A complete database that includes more than 250,000 rows of data for all regions. This database enables the user to drill down through the information and process the data for custom reports.

About ICF International

ICF International (NASDAQ:ICFI) provides professional services and technology solutions that deliver beneficial impact in areas critical to the world’s future. ICF is fluent in the language of change, whether driven by markets, technology, or policy. Since 1969, we have combined a passion for our work with deep industry expertise to tackle our clients’ most important challenges. We partner with clients around the globe—advising, executing, innovating—to help them define and achieve success. Our more than 4,500 employees serve government and commercial clients from more than 70 offices worldwide. ICF's website is http://www.icfi.com.

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