Sunday, June 21, 2015
The Business Journal reports that the Utica Shale play is one of the leading producers of oil and gas while much of the rest of the country is scaling back during the declining market.
A report from the U.S. Energy Information Administration states that new Utica wells are expected to increase natural gas production from June to July by 255,000 cubic feet per day per rig. Altogether, Utica Shale wells should increase natural gas production from 2.519 billion cubic feet per day in June to 2.561 billion cubic feet per day in July.
The seven major shale plays (Marcellus, Utica, Bakken, Eagle Ford, Haynesville, Niobrara and Permian) are expected to produce less natural gas collectively. The total amount of natural gas produced is expected to be 221 million cubic feet of natural gas per day less.
Via: The Business Journal > US Says Utica Production Up, Other Plays Down
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