| Utica Shale Natural Gas Production: Slowest Growth in September | |
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EIA Expects US Shale Production to Fall More in November (Continued from Prior Part) Utica Shale natural gas production
According to the EIA (U.S. Energy Information Administration), the Utica Shale in eastern Ohio has become one of the fastest-growing natural gas–producing regions in the United States. In its Drilling Productivity Report released on October 13, 2015, the EIA estimates that the Utica Shale natural gas production reached 3.0 Bcf (billion cubic feet) per day in September. That’s 2.1% more than production in August and 78% more than production last year.
September saw the slowest natural gas production growth in the Utica Shale in 2015. In the past eight years, natural gas production at the Utica Shale rose more than 17-fold.
Rigs and monthly additions from one average rig
According to Baker Hughes (BHI), there are currently 19 rigs operating at the Utica Shale, the same as in August. In comparison, 42 rigs were in operation in the shale last year.
From September 2007 to September 2015, additional natural gas production per rig at the Utica Shale rose from ~0.18 MMcf (million cubic feet) per day to 5.8 MMcf per day, or by 31x. In the 12 months to September 2015, natural gas production addition per rig rose 61%.
Utica Shale producers
Higher natural gas production and productivity gains have benefited major energy producers at the Utica Shale, including EQT (EQT), Consol Energy (CNX), and Chesapeake Energy (CHK).
Consol Energy forms 0.3% of the Energy Select Sector SPDR ETF (XLE). It forms 0.01% of the SPDR S&P 500 ETF (SPY).
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PRODUCER |
CODE : CNX |
ISIN : US20854P1093 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Consol Energy is a producing company based in United states of america. Consol Energy produces coal in USA, and holds various exploration projects in USA. Its main asset in production is BUCHANAN in USA. Consol Energy is listed in Germany and in United States of America. Its market capitalisation is 1.4 billions as of today (€ 1.3 billions). Its stock quote reached its highest recent level on June 06, 2008 at 99.79, and its lowest recent point on April 26, 2019 at 10.00. Consol Energy has 47 442 200 shares outstanding. |