shaleprofile + 242 July 30, 2020 This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog to explore the full interactive dashboard This interactive presentation contains the latest gas (and a little oil) production data, from all 9,661 horizontal wells in Pennsylvania that started producing from 2010 onward, through May. Total production Natural gas production in this state fell by almost 0.5 Bcf/d in May, a larger decline than is common for this month. Compared with last year, output is still up by 0.6 Bcf/d. At 241, fewer wells came online in the first 5 months of the year than in any such period in the past decade. Supply Projection dashboard With still only 18 rigs drilling horizontal wells (according to the Baker Hughes rig count), we foresee no more production growth in the coming period and expect output to gradually decline over time (assuming no changes in rig count and rig/well productivity): Well productivity Well results have barely changed since 2018, on average, after many years of strong improvements (see the “Well quality” tab). Top operators EQT, the largest operator in this area, showed the biggest decline in output in May, -0.4 Bcf/d, which brought it back to the level it had 1.5 years earlier (“Top operators”). Advanced Insights The ‘Advanced Insights’ presentation is displayed below: This “Ultimate Recovery” overview reveals the relationship between gas production rates and cumulative gas production, averaged for all horizontal wells that began production in a particular year. Finally Next week we will have a post on all covered states in the US, followed by an update on June production in North Dakota. Production data is subject to revisions. Sources For this presentation, I used data gathered from the following sources: Pennsylvania Department of Environmental Protection FracFocus.org Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/33fxq6d Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile Quote Share this post Link to post Share on other sites
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