Yesterday our favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite monthly report, the Drilling Productivity Report (DPR). The DPR estimates how much oil and natural gas each of the country’s seven largest shale plays produced in the previous (current) month, and how much each will produce in the coming (next) month. The June report, which predicts production for the coming month of July, estimates natural gas production in the Permian basin has just about stabilized (will go down just a little). However, natgas production in the Marcellus/Utica will continue to drop like a rock in the coming month.
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