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The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for February, issued yesterday (below), shows EIA believes shale gas production across the seven major plays tracked in the monthly DPR for March will decrease production from the prior month of February. This is the eighth month in a row that EIA has predicted shale gas production will decrease for the combined seven plays. However, the decrease is less than in previous months, meaning the rate of decrease is slowing. EIA says combined natgas production will slide by a cumulative 25 MMcf/d (million cubic feet per day). The Marcellus/Utica, called “Appalachia” in the report, is predicted to decrease by 76 MMcf/d in March compared with February.
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