Marcellus natural gas production
EQT Midstream Partners (EQM), Antero Midstream Partners (AM), Cone Midstream Partners (CNNX), and Rice Midstream Partners (RMP) have a significant presence in the Marcellus Region. This region is experiencing continued strong drilling activity, which drives the throughput volumes of these MLPs.
According to the recent rig report published by Baker Hughes (BHI), the rig count in the region increased to 41 on March 10, 2017, compared to its all-time low of 21 during August 2016. Goldman Sachs (GS) expects the region’s natural gas production to grow 11.0% CAGR[1. compound annual growth rate] until 2020.