Research

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.
Read More “EIA DPR: M-U on Track to Beat All-Time Production Record in March”

Over the years MDN has brought you updated reports from energy law firm giant Haynes and Boone and their quarterly oil and gas bankruptcy filings reports. We are delighted to tell you that due to the decreasing number of bankruptcies in our industry, Haynes and Boone has just issued its final set of reports for 2021 bankruptcies: one report for upstream/drilling, one report for oilfield services, and one report for midstream/pipelines. All of the reports are embedded below. Yes, there are a few M-U companies listed in these final reports.
Read More “Haynes & Boone Publishes Final O&G Bankrutpcy Reports”

Last week MDN told you about S&P data showing a decrease in production for Marcellus/Utica drillers in January (see Platts: NatGas Production Falls in January, Dipping into Storage). S&P is back with another article analyzing data from last November. M-U production in Pennsylvania for last November increased by quite a bit. However, the source of the increase may surprise you.
Read More “PA’s Smaller Frackers Turned Up the Production Last November”

Powerhouse data analytics firm GlobalData, based in London, recently published a report on the Marcellus/Utica region. Among the findings, GlobalData analysts project M-U natural gas production will increase at the average annual rate of 5.1% from this year through 2025. They forecast natgas production will hit 38.3 billion cubic feet per day (Bcf/d) by 2025. Are they right?
Read More “GlobalData Predicts M-U Production Rises 5.1% per Year to 2025”

As part of its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration predicts U.S. fossil fuel production to continue rising in both 2022 and 2023, surpassing production in 2019, to reach a new record high in 2023. So much for the “big transition” to so-called renewables! The biggest share of fossil fuel production is, you guessed it, natural gas. EIA says natgas production will increase 3% this year, and 2% next year.
Read More “EIA Predicts U.S. NatGas Production Up 3% in 2022, 2% in 2023”

For the week ending Jan. 20, the Enverus U.S. oil and gas rig count increased by another three for the week, now up to 725. That’s the highest active rig count since March 2020 when the worldwide coronavirus pandemic crushed demand and began the rapid decline in rigs. The Marcellus gained one rig for 40 active rigs, while the Utica stayed even with 11 active rigs. Combined the M-U had 51 active rigs last week–the most since prior to the pandemic.
Read More “Enverus Rig Count @ 725 (+3), Highest No. of Rigs Since March 2020”

The Energy Equipment and Infrastructure Alliance (EEIA), a trade association representing the companies and people that provide contractor services, equipment, materials, and labor to shale oil and gas exploration and production, infrastructure, transportation and processing, has just published its Fall/Winter 2021 Energy Logistics & Distribution Report (full copy below). The report features more than 75 individual charts and graphs tracking price and volume metrics for energy including crude oil, natural gas, NGLs, drilling activities, renewables, consumption, logistics, and financial data. It is the single best source of charts and graphs to understand what’s happening in the energy markets.
Read More “EEIA Fall/Winter 2021 Energy Logistics and Distribution Report”

Six of the seven largest shale plays in the U.S. will see an increase in natural gas production in February 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 81 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 127 MMcf/d next month. The oil-based Permian will see a huge increase in natgas production of 122 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 February, forecasted to hit an average of 5.076 million barrels of oil per day.
Read More “EIA DPR Jan 2022: M-U Gas Production Continues to Increase”

For the week ending Jan. 13, the Enverus U.S. oil and gas rig jumped up by 15 for the week to 722. According to our calculations that would be a new post-pandemic high not seen since at least April 2020. The Marcellus gained one rig for 39 active rigs, and the Utica gained one rig for 11 active rigs. Combined the M-U had 50 active rigs last week–the most we’ve seen in a long time.
Read More “Enverus Rig Count @ 722 (+15); Marcellus @ 39 (+1), Utica @ 11 (+1)”

Rystad Energy, based in Norway, is an independent energy research and business intelligence company providing data, analytics, and consultancy services to clients exposed to the energy industry across the globe. Rystad is pretty tuned-in when it comes to what’s happening in the oil and gas industry. Earlier this week the company released an analysis that shows global oil and gas investments will expand by $26 billion this year as the industry continues its recovery from the worst of the pandemic. Rystad Energy projects overall oil and gas investments will rise 4% to $628 billion this year from $602 billion in 2021. The main factor behind the increase is a 14% increase in upstream gas (gas drilling) and LNG investments. That’s good news for the M-U.
Read More “Rystad Predicts Global O&G Investments Go Up 4% to $628B in 2022”