EIA Dec ’18 Drilling Report: M-U Expands Another 414 Mmcf/d

The “Beast in the East” (Marcellus/Utica) continues to roar, according to our favorite government agency, the U.S. Energy Information Administration. EIA publishes our favorite monthly report, the Drilling Productivity Report (DPR), a forecast of oil and gas production in the country’s seven major shale plays for the coming month. The latest DPR shows that the Marcellus/Utica region (called Appalachia in the report) will expand by another amazing 414 million cubic feet of natural gas production per day (MMcf/d). The increase is a response to new pipelines coming online in the region, carrying our gas to other regions where it fetches a higher price. Not only is M-U production off the charts, so is natural gas production collectively, across all the plays. EIA says that in January, production from all seven plays will go up another 1.1 billion cubic feet per day (Bcf/d), after it went up 1 Bcf/d in November (see EIA Nov ’18 Drilling Report: Shale Gas Output Up 1 Bcf/d – Again!), and 1 Bcf/d in October (see EIA Oct ’18 Drilling Report: Shale Gas Output Up Another 1 Bcf/d). It’s just incredible!

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