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In a pattern we've observed for months, once again six of the seven largest shale plays in the U.S. will see an increase in natural gas production in March according to the latest monthly Drilling Productivity Report (DPR) issued yesterday by the U.S. Energy Information Administration (EIA). The Marcellus/Utica, collectively lumped together as “Appalachia” in the report, will see an increase of 114 MMcf/d (million cubic feet per day) in production next month. The M-U’s chief rival, the Haynesville, continues to see explosive growth, with an increase of 174 MMcf/d next month. The oil-based Permian will see a big increase in natgas production of 124 MMcf/d due to associated gas coming out of the ground along with oil. The Permian’s oil production is set to hit a new all-time high in March, forecasted to hit an average of 5.2 million barrels of oil per day.
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