This interactive presentation contains the latest gas (and a little oil) production data, from all 9,476 horizontal wells in Pennsylvania that started producing from 2010 onward, through January.
Visit ShaleProfile blog to explore the full interactive dashboard
January gas production was flat m-o-m at 19.3 Bcf/d. Year-over-year growth was 1 Bcf/d, down from 2.5 Bcf/d growth one year earlier.
Wells have gotten far more productive in the last decade, as you’ll see in the Well quality tab. However, the rate of improvements has markedly slowed down since 2017.
The top 5 operators (shown in the last overview) are good for more than 50% of total production in the state.
The ‘Advanced Insights’ presentation is displayed below:
This “Ultimate Recovery” overview shows the relationship between gas production rates and cumulative gas production, averaged for all horizontal wells that began production in a particular year.
New wells are on track to recover more than 10 Bcf of natural gas, before their production rate has dropped to below 500 Mcf/d.
In the following dashboard (taken from the Professional version of ShaleProfile Analytics), we can analyze the well performance of Cabot vs. Chesapeake in the northeast of the state:
Well performance comparison between Cabot and Chesapeake
On the map you can see all the wells that these operators completed between 2016 and 2018. You can also see that we’ve improved our maps, as now the townships and ranges are visible. On the right, you can see for each operator and vintage a performance curve. Both operators improved well results since 2016, but Cabot shows the largest improvements. Its new wells are on track to recover more than 8 Bcf of natural gas by 2 years on production.
We expect that the Texas RRC will release production data for January in the coming days. By the middle of next week, we should have a new post on the Permian.
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/2WrfCl7
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