This interactive presentation contains the latest gas (and a little oil) production data, from all 9,239 horizontal wells in Pennsylvania that started producing from 2010 onward, through September.
Visit ShaleProfile blog to explore the full interactive dashboard
September gas production came in at 18.6 Bcf/d, unchanged from the previous month. After several years of major improvements, well productivity is up only by a few percent since 2017 (see the “Well quality” tab).
The horizontal rig count has declined drastically since the start of the year. Last week only 21 rigs (drilling horizontal wells) were active, the lowest in more than 3 years, versus 49 at the start of the year. With completion activity still relatively normal in recent months, this decline in drilling has reduced the DUC count to the lowest point in many years. You can see this in the “Well status” tab, if you only select DUCs using the well status filter.
Several of the leading operators are at record production levels, as you’ll find the final tab (“Top operators”).
The new “Productivity ranking” dashboard, available in our analytics service, allows us to easily rank the major natural gas operators here by their average well performance:
Above you can see all the horizontal wells that began production since 2010, in the northeast section of Pennsylvania. The operators are ranked according to the average cumulative gas recovered by their wells in the first 2 years. As the list reveals, Cabot is on this measure far in the lead, with over 5 Bcf. The map displays the location of all wells, colored by the same metric.
The ‘Advanced Insights’ presentation is displayed below:
This “Ultimate Return” overview shows the relationship between gas production rates and cumulative gas production, averaged for all horizontal wells that began production in a particular year.
We plan to have new updates on the Permian and the Eagle Ford next week.
Production data is subject to revisions. For this presentation, I used data gathered from the following sources:
- Pennsylvania Department of Environmental Protection
Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/2Qxat80
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