Guest Post by Art Berman in The Petroleum Truth Report
Something unusual happened while we were focused on the global oil-price collapse–the increase in U.S. shale gas production stalled (Figure 1).
Figure 1. U.S. shale gas production. Source: EIA and Labyrinth Consulting Services, Inc.
Total shale gas production for June was basically flat compared with May–down 900 mcf/d or -0.1% (Table 1).
Table 1. Shale gas production change table. Source: EIA and Labyrinth Consulting Services, Inc.
Marcellus and Utica production increased very slightly over May, 1.1 and 1.5 mmcf/d, respectively. The Woodford was up 400 mcf/d and “other” shale increased 300 mcf/d. Production in the few plays that increased totaled 3.3 mmcf/d or one fair gas well’s daily production.
The rest of the shale gas plays declined. The earliest big shale gas plays–the Barnett, Fayetteville and Haynesville–were down 25%, 14% and 48% from their respective peak production levels for a total decline of -4.8 bcf/d since January 2012.
Continue reading “No Joy in Mudville*: Shale Gas Stalls, LNG Export Dead On Arrival”
