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Posted September 23, 2016Today in Energy

Hydrocarbon production in the Utica play increasingly targets natural gas-rich areas ›

Production of oil and natural gas in the Appalachian Basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012. Monthly natural gas production from Utica wells increased from 0.1 billion cubic feet per day (Bcf/d) in December 2012 to more than 3.5 Bcf/d in June 2016. Oil production increased from 4,400 barrels per day (b/d) to nearly 76,000 b/d over the same period. More


Source: U.S. Energy Information Administration and DrillingInfo Inc., June 2016

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WTI crude oil futures price

9/22/2016: $46.32/barrels

up$2.41 from week earlier
up$1.84 from year earlier

Natural gas futures price

9/22/2016: $2.990/MMBtu

up$0.063 from week earlier
up$0.421 from year earlier

Weekly coal production

9/17/2016: 16.103 million tons

up0.990 million tons from week earlier
down2.025 million tons from year earlier

Natural gas inventories

9/16/2016: 3,551 Bcf

up52 Bcf from week earlier
up140 Bcf from year earlier

Crude oil inventories

9/16/2016: 504.6 million barrels

down6.2 million barrels from week earlier
up50.6 million barrels from year earlier

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