The EIA came out with its Drilling Productivity Report today, calling the Utica Region in eastern Ohio one of the fastest growing natural gas production areas in the United States. “Total natural gas production in the Utica Region, which includes the Utica and Point Pleasant formations, increased from 115 million cubic feet per day (MMcf/d) in 2012 to an estimated
2013 is in the books as one of the most productive years in E&P history, and the United States is soaking up the flowing oil from the country’s prolific shales. According to the Energy Information Association (EIA), U.S. oil demand in October 2013 totaled 19.3 MMBOPD, an increase of roughly 3% from October 2012 levels. Crude oil production is up
EIA’s Annual Energy Outlook (AEO) Early Release report was published on December 5, 2012, as a teaser to its full report to be published in the spring of 2013. Nonetheless, the energy trends brought forth in the report were illuminating and thought-provoking. A few key highlights from the report: Domestic U.S. oil production is expected to peak at an average
