Marcellus/Utica Lead in New Record High Production for Dec 2014
Bentek Energy, a division of Platts, is fresh out with its estimate of natural gas production numbers for December 2014 (official numbers from the EIA won’t be out for another two months). Bentek estimates December production was 72.8 billion cubic feet per day on average–a new all-time high record. And guess which shale plays led the pack? Yep–the Marcellus and Utica Shale region “continues to lead the growth in natural gas production” according to Bentek. Here’s the numbers from one of the premier analytics services in the world…
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Antero Resources said on Monday it will lay off more than 250 contract land brokers operating in West Virginia, Ohio and Pennsylvania. The layoffs will not affect any Antero employees–only contract workers (landmen and others) who work to get leases signed, sealed and delivered for future drilling. Antero blames the low price of oil, which causes the price they get for their Marcellus/Utica natural gas liquids to be low, which means they’ll stick to drilling on the half million plus acres they already have under lease…