EIA’s Feb Drilling Productivity Report: Marcellus/Utica Up Again

Our favorite monthly report from our favorite government agency was released a few days ago. The U.S. Energy Information Administration (EIA) produces the monthly Drilling Productivity Report (DPR), which looks at production from both new (drilled in the last month) and legacy (drilled more than a month ago) wells along with overall production numbers for the seven top commercially active shale plays in the U.S. In a consistently recurring theme, all seven plays showed an increase in natural gas production from February to what they predict will be the numbers in March. The Marcellus stands head and shoulders above all other shale plays in producing what they say will be 16.7 billion cubic feet per day in March, up from 16.5 Bcf/d in February. The Utica is also forecast to increase–from 1.86 Bcf/d of natgas production in February to 1.93 Bcf/d in March. Below is the full February 2015 DPR report along with two charts not included in the full report…

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