A few weeks ago I posted the first of this blog series and it broke down some of the issues that I initially encountered when looking at the production data that was recently released from the Pennsylvania Department of Environmental Production (DEP) back in September. In this blog I will dig a little deeper into the data and present some Pennsylvania Marcellus results as it relates to production. While all of these results are statistical in nature and things such as acreage grading (aka quality of acreage), operator decisions based on price of gas, and general operator learning curve are not taken into account, the results can provide a very high level, initial look at recent activity in the play. I use the word “recent” because the production data that was made available is from 7/1/2009 to 6/30/2010. Now let’s dig in…
Total production for the play in the year’s worth of data that was provided was roughly 198 Bcfe with less than 2% oil and condensate. To get an idea of where the production is in the state here is a graph of the top 8 producing counties with the remaining 15 counties as “Other”.
Next we have the top 5 counties based on total production plotted with their daily averages (total volume/number of days produced).
Lastly we will look at the operators in the PA Marcellus based on the data that was provided in the DEP released production file. Production volumes and daily averages alone are not a good indicator of operator success in any play but with the limited amount of data we are looking at what we have. We can see that Range, Chesapeake, Talisman, and Cabot are among the top producers and daily averages vary quite a bit. Once again, take this for what it is…
That is a general overview of the Pennsylvania part of the play based on the latest data from the DEP. We are all hoping that the data just gets more comprehensive with each dataset released and look for the use of this data in blogs to come.
For more information visit the Marcellus Unconventional Update in DI’s DNA.
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