Utica Shale Impressive Debut in EIA Drilling Productivity Report

Yesterday the Utica Shale came roaring in as the newest member play of the U.S. Energy Information Administration’s (EIA) monthly Drilling Productivity Report (DPR). As we’ve often remarked in the past, the DPR is our favorite report from our favorite government agency–the EIA. Yesterday marked the first appearance of the Utica/Point Pleasant in the monthly DPR and wow, what an entrance! The Utica is already producing nearly as much natural gas as the Bakken Shale, although it produces just a tiny fraction of the oil produced in the Bakken. However, the Utica, producing an average 37,000 barrels of oil per day has nearly caught the oil production of the Marcellus, at 50,000 barrels per day. And when you consider new production (first 30 days a well goes online), the Utica far outstrips the Marcellus, Haynesville and even the Permian for oil production! It shows the enormous importance of the Utica in the constellation of U.S. onshore plays. Below is the full DPR…

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