EIA DPR: NatGas Production in M-U Rising in September
Perhaps we're finally seeing a reversal of fortune? The U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for August (with forecasted numbers for September) predicts natural gas production in the Marcellus/Utica region will increase a modest 20 MMcf/d (million cubic feet per day) next month. The M-U’s primary competitor for drilling new gas wells, the Haynesville, continues to gain ground on the M-U. The Haynesville will see an increase of 124 MMcf/d in September. The Permian (an oil play) will also see an increase in its associated gas production--up by 72 MMcf/d in September.
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