Both natural-gas and oil production in the Utica Shale Play is expected to increase in May 2016 over May 2015, according to the U.S. Energy Information Administration’s drilling productivity report.
The report uses recent drilling data through March, estimates of drilling productivity and estimated changes in production from current oil and natural-gas wells to provide estimates in oil and natural-gas production in seven plays.
This month, the Utica, which covers Ohio, West Virginia, Pennsylvania and New York, is expected to produce more than 3 billion cubic feet of natural gas a day. In May 2015, however, production was right at 3 billion cubic feet of natural gas a day.
Oil production was below 400,000 barrels a day in May 2015 and is expected to be below 400,000 in May 2016.Read more by clicking here.
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