By May 21 2015
The U.S. Energy Information Administration (or EIA) released its Drilling Productivity Report (or DPR) on May 11, 2015. The EIA estimates Marcellus shale natural gas production in April at 16.7 billion cubic feet per day (or bcf/d). That’s 0.4% more than March’s production and 17.6% higher than a year ago.
Major oil and gas producers in the Marcellus shale could benefit from higher natural gas production in March. These producers include EQT Corporation (EQT), Anadarko Petroleum Corporation (APC), and CONSOL Energy (CNX). EQT is 0.85% of the Energy Select Sector SPDR ETF (XLE). APC is 2.7% of the iShares U.S. Energy ETF (IYE).