EIA to report on shale gas well productivity - Business, Government Legal News from throughout WV

EIA to report on shale gas well productivity

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The Energy Information Administration said Oct. 21 it will begin issuing monthly reports to provide region-specific information on production trends, new well productivity, rig efficiency and decline rates at existing wells in shale gas and oil areas.

The first report will be issued Oct. 22.

One of the regions to be included in the report is the Marcellus Shale area. The Utica shale is not included.

In 2011-12, the six regions in the report accounted for 90 percent of domestic oil production growth and virtually all domestic natural gas production growth, according to the EIA.

The Drilling Productivity Report metrics are intended to be more informative than traditional indicators such as simple counts of oil-directed and gas-directed drilling rigs in use, according to the EIA.

 

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