This interactive presentation contains the latest gas (and a little oil) production data, from all 9,531 horizontal wells in Pennsylvania that started producing from 2010 onward, through February.
Visit ShaleProfile blog to explore the full interactive dashboard
Natural gas production rose by 1% m-o-m to 19.5 Bcf/d in February. In the first 2 months, 112 new wells came online versus 82 in the same period last year.
Supply Projection dashboard
With the recent dramatic decline in drilling activity in the US, the outlook for shale oil & gas looks bleak. As you can see in our new Supply projection dashboard, the rig count as of last week is not enough to sustain current tight oil & gas output, even though it is likely to drop much further. The horizontal rig count in Pennsylvania is with 24 the highest since early November. But as you’ll note if you select only “Pennsylvania” and look at the gas projection, this level is not enough to keep production from falling.
Sign up for our webinar on Thursday if you would like to learn more about how you could use this dashboard.
Initial well productivity is still at a historical high (see the “Well quality” tab), as is displayed in the Well quality tab, although the rate of improvements has stagnated in the last few years.
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.
On Wednesday we will have a new post on the Permian, followed by our webinar on Thursday on the Supply Projection dashboard. You can still sign up for it here (places are limited to 100 attendees): Register for the Supply Projection webinar
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/2XQw52I
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