Analyst Predicts Marcellus Production Will Go Up in October

October surpriseNatural gas production in the mighty Marcellus Shale has dipped over the past several months–for the first time ever. As MDN has previously reported, the U.S. Energy Information Administration’s (EIA) Drilling Production Report (DPR) in June was the first time the EIA predicted Marcellus production would fall, from June to July, from 16,522 million cubic feet per day (MMcf/d) to 16,494 MMcf/d (see A Sad First: EIA’s June DPR Reports Marcellus Production Slips). The July report shows Marcellus production slipping again, to 16,487 MMcf/d (see July EIA DPR – Utica Stands Alone with Higher Natgas Production). And in August, the DPR shows production prediction for September to be 16,372 Mmcf/d (see August EIA DPR: NatGas Production Declines in All 7 Shale Plays). But what’s this? An analyst with the huge bank Société Générale believes we may see an “October surprise” where Marcellus production ticks back up again. Why?…

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