EIA Nov Drilling Report: Marcellus Production Up for 2nd Month

EIAYesterday MDN’s favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite monthly report–the Drilling Productivity Report (DPR). The DPR is the EIA’s best guess, based on expert data crunchers, as to how much each of the U.S.’s seven major shale plays will produce for both oil and natural gas in the coming month. Last month was a bit of a surprise, with the Marcellus reversing the trend and producing more gas than it did the month before (see EIA October Drilling Report: Marcellus Reverses, Increases Production). This month that trend continues. Marcellus production is predicted to go up an average of 130 million cubic feet per day (MMcf/d)! Utica production continues to decline, predicted to drop another 12 MMcf/d from the previous month’s estimate. Even with a big bump up in production in the Marcellus (and an increase month over month in the Permian), it’s still not enough to reverse the trend that overall, production from all of the shale plays cumulatively will go down in the coming month–a drop of 94 MMcf/d. Drilled but uncompleted wells (DUCs) went down for the Marcellus by 7, meaning there are 7 fewer wells to complete (inventory dwindling). The Utica added 1 DUC well to its inventory…

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