EIA DPR: NatGas Production Still Down in M-U, Goes Up in LA & TX

Natural gas production in the Marcellus/Utica is slowly turning around. The rate of decline in production is slowing and (at some point) will reverse and begin to show increases month over month. That was our takeaway from yesterday's Drilling Productivity Report (DPR), a report issued each month by our favorite government agency, the U.S. Energy Information Administration (EIA). In two shale plays--the Haynesville in Louisiana and East Texas, and the Permian in West Texas and eastern New Mexico--natural gas production is forecasted to increase over the next month. The Haynesville is a gas-focused play (like the M-U). The Permian is an oil-focused play and the extra gas there comes from more oil drilling (associated gas).

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