Yesterday the U.S. Energy Information Administration (EIA) released the latest monthly Drilling Productivity Report (DPR). To the ongoing consternation of peak oil & gas theorists that the shale oil/gas bubble is gonna burst “any day now,” the numbers continue to blow everyone away. The mighty Marcellus continues to roar: In October the EIA projects the Marcellus will pass 16 billion cubic feet (Bcf) of natgas production each and every day. Astonishing! Meanwhile, the Utica Shale will hit almost 1.5 Bcf/d in October, which (for the first time) surpasses the natgas output of the Bakken Shale play. Granted, the Bakken is primarily an oil play. Here’s the full rundown of the latest DPR…
