EIA Dec. DPR: NatGas Production Decrease Slows, Utica Still Champ

On Monday our favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite government report, the Drilling Productivity Report (DPR). The December report predicts what production will show in the month of January for both oil and natural gas from the seven biggest commercial shale plays in the U.S. This new report, while showing most plays will once again produce less natgas in January than they will in December, the amount of drop-off is decreasing. That is, the cuts in production are slowing down–as a whole and in the Marcellus. Once again the Utica will produce MORE natgas in January than it will in December–increasing by 67 addition million cubic feet month over month. The Utica rules! Of course, the Utica only produces about 20% of the production being pumped out by the Marcellus. But still, month after month its creeping up on the Mighty Marcellus…

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