WASHINGTON, Aug. 26 (UPI) -- A drilling productivity report from the United States finds the Utica shale basin in Ohio is the only one of seven reviewed that's expecting more production.
The U.S. Energy Information Administration finds production from seven shale basins in the United States reached 45.6 billion cubic feet per day in May for an all-time high. That's expected to drop 1.5 percent by September.
The report finds net natural gas production from new wells drilled into U.S. shale reserves is not enough to counter the expected decline from legacy wells. EIA attributed that phenomenon to the decline in the number of drilling rigs deployed across the country.
"Given the substantial drop in rig counts since the fourth quarter of 2014 in each of the [shale] regions and growing declines in production from legacy wells, productivity increases are less able to completely offset lower rig counts and legacy-well declines," EIA said.
Of the seven basins reviewed in the latest drilling productivity report, EIA finds only the Utica shale basin in Ohio is expected to post an increase in short-term production. Production from new wells drilled into the Utica shale is estimated to rise by 7 percent from September last year, offsetting the declines expected from legacy production.
Last year, it was an increase in rig activity in the Utica shale that accounted for its resiliency.
In its market report for June, EIA found similar expected trends for U.S. crude oil production. Total oil production in July was down 100,000 barrels per day from the previous month. Net growth in U.S. crude oil production doesn't return until the middle of next year.
Tags:
I would find greater encouragement in the reported decline in NG production based on rig counts if the fracklog had been included in the analysis. In the LA portion of the Haynesville Shale Basin alone there are 148 wells Waiting On Completion. I suspect that is a small fraction of similar status wells nationwide.
http://dnr.louisiana.gov/assets/OC/haynesville_shale/haynesville_mo...
How has that trended in the Haynesville over the last 6-12 months?
Slightly lower. The high to date was 187 in March.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
9 members
120 members
97 members
34 members
386 members
27 members
455 members
440 members
400 members
244 members
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
Links |
Copyright © 2017 GoHaynesvilleShale.com