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The Marcellus/Utica continues to produce about the same amount of natural gas that was produced in 2022--essentially capped at no more than 35.5 billion cubic feet per day (Bcf/d) of production. The U.S. Energy Information Administration (EIA) published its latest monthly Drilling Productivity Report (DPR) yesterday, and the report shows that, once again, M-U production (called “Appalachia” in the report) is still capped--at 35.0 Bcf/d in February. EIA predicts it will increase to 35.1 Bcf/d (adding a piddly 80 MMcf/d) in March 2023.
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