EIA DPR: Big Revision DOWN for April Natural Gas Production

It appears the venerable number crunchers at the U.S. Energy Information Administration (EIA) bungled the monthly estimates they forecast quite badly in March, making a revision to the numbers for both the Marcellus/Utica and all seven tracked shale plays in yesterday's April monthly Drilling Productivity Report. Last month EIA forecasted the M-U would produce 36.848 Bcf/d (billion cubic feet per day) of natural gas in April (see EIA DPR: M-U Hit New All-Time High Production Record in March). Yesterday EIA revised April's production number down to 35.443 Bcf/d, some 1.405 Bcf/d less than originally forecasted. For all seven shale plays EIA tracks, the agency said last month that April would see 92.326 Bcf/d of gas production. That number is now revised to 90.105 Bcf, a full 2.221 Bcf/d less. Big time blunder on EIA's part.

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