shaleprofile + 243 March 30, 2021 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 These interactive presentations contain the latest gas (and a little oil) production data, from all 10,014 horizontal wells in Pennsylvania that started producing from 2010 onward, through January 2021. Total production Natural gas production in Pennsylvania set a fresh record in January, at 20.8 Bcf/d (hz. wells only), despite that only 39 new horizontal wells came online. Well productivity In the 3rd tab (“Well quality”), you’ll find that the 2020 vintage wells readily outperformed earlier wells. They are on track to recover almost 4 Bcf of natural gas in the first year on production, about 30% more than the wells that came online in the year before. Top operators In the final tab (“Top operators”), the top 8 natural gas producers in Pennsylvania can be found. All 8 are at, were producing close to their historical output record in January, with EQT in the lead at just over 4 Bcf/d. Supply projection Low natural gas prices have made drilling in the state less attractive, and as of last week only 18 rigs were drilling horizontal wells (according to Baker Hughes). From our Supply Projection dashboard, you can find that our outlook for the state is slightly negative, but stable: Natural gas outlook for Pennsylvania, by county, based on the current rig count. Productivity ranking In the prolific 4 most Northeastern counties, only 7 operators have more than 10 wells. The following screenshot, from our Productivity Ranking dashboard, reveals how these operators rank in terms of well results, as measured by the average cumulative gas recovered in the first 12 months: Ranking of operators in the 4 Northeastern counties in Pennsylvania, based on average well performance. Based on this metric, Cabot handily outperforms the others, at 5.6 Bcf of natural gas in the first 2 years, on average (632 wells included). Finally Early next week we will have a post on all covered states in the US. 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/3sCcjVr 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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