Natural gas production in Pennsylvania is likely to stay around 20 Bcf/d with the 18 rigs that have been drilling hz. wells since May last year, despite improved well productivity.
Chesapeake is outperforming the competition with its latest well results:
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.
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These interactive presentations contain the latest gas (and a little oil) production data, from all 10,163 horizontal wells in Pennsylvania that started producing from 2010 onward, through June.
Natural gas production in Pennsylvania was flat month over month in June, at 20.3 Bcf/d (hz. wells only). In the first 6 months of this year, 247 horizontal wells were completed, vs. 273 in the same period last year.
As of last week, 18 rigs were drilling horizontal wells in Pennsylvania (according to Baker Hughes), which almost hasn’t changed since May last year, and which is near the lowest levels during the last decade. almost unchanged Permian. Despite the surprisingly strong increase in productivity since last year (see our previous update on this state), the current level of drilling and completion would do not more than keeping output constant at around 20 Bcf/d:
Tight gas outlook in Pennsylvania, based on current drilling activity & well productivity
This image was taken from our Supply Projection dashboard.
Which operators are showing the best well results?
Let’s answer that question with our , we developed the Productivity ranking dashboard:
Here I’ve selected all the horizontal wells in Pennsylvania that came online since 2020, and ranked the operators based on the average cumulative gas production in the first 6 months. Chesapeake is far above the competition, with an average of 4.3 Bcf of natural gas produced in that time frame (77 wells included), while Cabot came in second with 2.7 Bcf (80 wells).
In the final tab (“Top operators”), the top 10 natural gas producers in Pennsylvania are displayed. Chesapeake, the number 2, has been catching up on EQT, which is probably related to its improved well performance that we just noted.
Next week we will have a post on the US and one on North Dakota, which just released July production data for most wells (already available in our service).
Production data is subject to revisions.
For this presentation, I used data gathered from the following sources:
- Pennsylvania Department of Environmental Protection
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