A Statistical Supply Study
APC study models observed trends and impact of drilling activity by region.
APC carrying out basin by basin look at gas supply
- U.S. rolled up into four major regions
- Detailed analysis by basin and year of first production
- Future production
- Based on trend and technical analysis
- Decline of existing wells based on historical decline rate trends
- New production dependent on initial rates and completions per rig
- Interactive model developed
- Current Rig Activity case
- Rig efficiency adjusted for peak activity conditions
- Well production based on 3 year median
- Data sources: IHS, PIRA, APC