EIA Dec. DPR: NatGas Production Decrease Slows, Utica Still Champ
On Monday our favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite government report, the Drilling Productivity Report (DPR). The December report predicts what production will show in the month of January for both oil and natural gas from the seven biggest commercial shale plays in the U.S. This new report, while showing most plays will once again produce less natgas in January than they will in December, the amount of drop-off is decreasing. That is, the cuts in production are slowing down–as a whole and in the Marcellus. Once again the Utica will produce MORE natgas in January than it will in December–increasing by 67 addition million cubic feet month over month. The Utica rules! Of course, the Utica only produces about 20% of the production being pumped out by the Marcellus. But still, month after month its creeping up on the Mighty Marcellus…
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The failed Governor of Pennsylvania, Tom Wolf, “100 percent guarantees” an oil and gas severance tax will be part of next year’s state budget. That’s the claim made by Wolf’s inept Policy Secretary, John Hanger, last Friday. What hubris. Wolf and Hanger can’t even get THIS YEAR’S budget done! Nearly six months late!! And already they’re trying to grab money for next year. Democrats have a heroin-like addiction to OPM–Other People’s Money. (Coincidentally, when John Hanger ran for governor himself, he ran on a platform of legalizing marijuana, see
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