Tuesday, October 22, 2013

EIA Releases New Monthly Drilling Productivity Report

On October 22, 2013, the U.S. Energy Information Administration published the new monthly Drilling Productivity Report (DPR), which included statistics on rig efficiency, well productivity, decline production rates of existing wells, and overall production trends for six tight oil and shale gas regions. The regions in the report are the Marcellus, Bakken, Eagle Ford, Haynesville, Permian, and Niobrara.  These regions account for 90% of the growth in domestic oil production and nearly all of the growth in natural gas production. October's DPR found that over the past year the Bakken and Eagle Ford have increased oil production by 700,000 barrels per day. Additionally, the report noted that Marcellus accounted for 75% of the natural gas production growth of the six regions. The new DPR recognizes that nearly half of all newly-drilled wells produce both oil and gas, where previous reports had classified wells as either oil directed or natural gas directed.

The October DPR is available here: http://www.eia.gov/petroleum/drilling/
A description of the EIA's new DPR is available here: http://www.eia.gov/todayinenergy/detail.cfm?id=13471#

Written by: Tom Panighetti
October 22, 2013

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