MDN’s favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite monthly report, the Drilling Productivity Report (DPR), yesterday. 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 EIA combined the Marcellus and Utica plays into a category they call Appalachia–a big change in the report (see EIA Makes Big Changes to Monthly Drilling Report, Combines M-U). What does the latest report forecast for the coming month? EIA says that natural gas production across all seven major shale regions will jump another 788 million cubic feet per day (MMcf/d) to a record high of 59.7 billion cubic feet per day (Bcf/d), with nearly half of the increase next month coming from one region–Appalachia. Here’s the latest edition of our favorite monthly report, with some analysis…
MDN’s favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite monthly report, the Drilling Productivity Report (DPR), yesterday. 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 EIA combined the Marcellus and Utica plays into a category they call Appalachia–a big change in the report (see 