Friday, August 29, 2014

Oil & Gas: The EIA's Drilling Productivity Report

In October 2013 the U.S. Energy Information Administration introduced a new report that attemptz to caputre the impact of various drilling technologies. A couple weeks after the introduction we posted "Oil&Gas: A Deep Dive Into the EIA's New Metric, Rig Productivity"
See why I get invited to all the best salons?

This ramble was triggered by Izabella Kaminska's follow up post to the one we linked to in "Hey, Good News: Shale Is Not a Ponzi! (But what is a Ponzi?)":
Shale is not a ponzi, Part 2
Here's the latest Drilling Productivity Report, dated Aug. 11:


New-well oil production per rig
barrels/day

New-well gas production per rig
thousand cubic feet/day
Region August 2014 September 2014 change   August 2014 September 2014 change
Bakken 516 522 6   527 535 8
Eagle Ford 511 519 8   1,307 1,319 12
Haynesville 23 23 -   5,035 5,127 92
Marcellus 30 31 1   7,889 7,952 63
Niobrara 380 388 8   1,696 1,727 31
Permian 162 165 3    315 321 6
Utica* 172 179 7    3,667 3,815 148
Rig-weighted average

...MUCH MORE

We'll be back with the September report on Monday the 8th.
See also: Highlights