Pennsylvania – update through August 2019
10 / 21 / 2019
This interactive presentation contains the latest gas (and a little oil) production data, from all 9,180 horizontal wells in Pennsylvania that started producing from 2010 onward, through August.
After record gas production in July, August set a new high again at 18.6 Bcf/d. But completion activity is lower than last year; 473 wells came online in the first 8 months of this year, versus 525 in the same period last year.
About 70% of this gas production is produced in just 4 counties; Susquehanna, Washington, Greene and Bradford. The following screenshot, taken from our ShaleProfile Analytics service (Professional), shows how natural gas production has evolved in these counties.
All other counties are each below 1.2 Bcf/d.
The ‘Advanced Insights’ presentation is displayed below:
This “Ultimate Return” overview shows the relationship between gas production rates and cumulative gas production, averaged for all horizontal wells that began production in a particular year.
The “Productivity ranking” dashboard (the 4th tab), lists all operators by the average cumulative gas production in the first 2 years. Cabot, with all of its production in Susquehanna County, shows by far the best results (5.1 Bcf).
We plan to have new updates on the Permian and the Eagle Ford next week.
Production data is subject to revisions. For this presentation, I used data gathered from the following sources:
- Pennsylvania Department of Environmental Protection
The above presentations have many interactive features:
- You can click through the blocks on the top to see the slides.
- Each slide has filters that can be set, e.g. to select individual or groups of operators. You can first click “all” to deselect all items.
- You have to click the “apply” button at the bottom to enforce the changes. After that, click anywhere on the presentation.
- Tooltips are shown by just hovering the mouse over parts of the presentation.
- You can move the map around, and zoom in/out.
- By clicking on the legend you can highlight selected items.
- Note that filters have to be set for each tab separately.
- The operator who currently owns the well is designated by “operator (current)”. The operator who operated a well in a past month is designated by “operator (actual)”. This distinction is useful when the ownership of a well changed over time.
- If you have any questions on how to use the interactivity, or how to analyze specific questions, please don’t hesitate to ask.