First Time Ever: US Shale Produces Less Oil/Gas Month Over Month

As MDN pointed out a month ago, the U.S. has seen a turning point in the production of shale oil and gas (see Turning Point: EIA Drilling Report Shows Slow Down in Production). Our favorite government agency, the U.S. Energy Information Administration, is fresh out with its monthly Drilling Productivity Report for April/May. It shows a couple of firsts. Last month the major shale plays in the U.S. produced about as much oil as they did the month before (April estimates vs March estimates). But the major shale plays produced 221 million cubic feet per day (mmcf/d) more of natural gas in April than in March. This month that’s all changed. For the first time, the major shale plays, in May, will have produced 5,700 barrels of oil per day less than the month before, and 23 mmcf/d less of natural gas. However, the Marcellus and Utica shales will both produce more oil and gas in May than in April–although the rate of production in both has greatly slowed…

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