Visualizing Pennsylvania Oil & Gas Production (Through July 2020)
- Sep 24, 2020 2:44 pm GMTSep 24, 2020 2:53 pm GMT
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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 9,750 horizontal wells in Pennsylvania that started producing from 2010 onward, through July.
Natural gas production jumped almost 1 Bcf/d higher in July to 19.2 Bcf/d, nearing the record set in November last year (19.6 Bcf/d). Prices also started to recover in July, from the ultra-low level in June ($1.63/Mcf). Almost 60 wells came online, vs. just 32 in the month before.
Supply Projection dashboard
But interest in the Haynesville has now taken over the Marcellus. In Pennsylvania, only 18 rigs were drilling horizontal wells as of last week, according to the Baker Hughes rig count. We project that this level is not sufficient to sustain output (see our Supply Projection dashboard):
Natural gas outlook in Pennsylvania, based on current drilling activity and productivity
Well productivity is still at a record high (see the “Well quality” tab), but hasn’t increased much since 2017. Wells in the past few years are on track to recover 5-6 Bcf of natural gas in the first 3 years on production.
In the final tab (“Top operators”), the top 5 natural gas producers in Pennsylvania can be found. It appears that EQT temporarily shut in some production in June, some of which was restored in July.
But the most prolific gas wells can be found in and near Susquehanna County, where especially Cabot is active. In this screenshot, taken from our Productivity Ranking dashboard, you can find the location of all horizontal wells in Pennsylvania, with at least 2 years of production data. The operators are ranked and the wells are colored by the cumulative gas recovered in the first 2 years:
Productivity ranking in Pennsylvania, based on 2 year gas cum.
Based on this metric, Cabot performed the best by quite a margin, as its 600 horizontal wells recovered on average 5.5 Bcf of natural gas in the first 2 years.
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.
Early next week we will have a post on the Haynesville, followed by one on all covered states in the US next week.
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/304ky0a
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