The BENTEK Productivity Index™ (BPI) reveals the impact of dry natural gas drilling declines and rig migration to liquids-rich plays in the U.S.

Tuesday, July 10, 2012

BENTEK reports the location and productivity of each rig are key factors in determining the overall impact of the U.S. rig count on dry gas production. For example, BENTEK’s BPI reports one rig operating today in the Haynesville Shale is as productive (for dry natural gas) as 73 rigs in the Permian, 51 rigs in the Bakken and nine rigs in the Texas Gulf Coast/Eagle Ford, which are primarily targeting wet-gas and oil.

Join BENTEK’s complimentary market tutorial to review active rigs and dry gas production projections for key U.S. basins as published in BENTEK’s monthly BPI and natural gas Production Monitor series. This webinar will provide an in-depth explanation of how the BPI provides a base measurement of productivity, standardizes the rig count across all U.S. basins and creates a benchmark that can be used as a base upon which production forecasts can be made.

Topic: BENTEK’s New BPI – A Rig Count That Makes Sense
Date: Thursday, July 12, 2012
Time: 2:30-3:30 p.m. MST
Host: Ellen Nelson, BENTEK Senior Energy Analyst/Writer
Register now

BENTEK’s BPI indicates that U.S. gas production is expected to fall 39 MMcf/d in July. This overall production decrease is in spite of gains expected in the Marcellus, Eagle Ford, Permian, Anadarko and Bakken. Despite the massive drop of active U.S. natural gas rigs to 10-year lows and the migration of many rigs to plays that are rich in oil and gas liquids, dry gas production is only now beginning to retreat from record highs and could rebound later this year. The BPI is a valuable tool to help understand the impacts of rig migration on natural gas production.

Key features of BENTEK’s BPI:

• Measures the productivity of active rigs by basin and provides a standardized rig count

• Explains what the active rig count means in terms of natural gas production

• Shows the impact on gas production from rig migration to oil and liquids plays

• Compares rig productivity in 18 major U.S. producing areas

By taking these base productivity measurements from the BPI and considering other factors such as maintenance, shut-ins, hurricanes and production freeze-offs, BENTEK’s Production Monitors, The Market Call and Forward Curve Quarterly provide production projections and forecasts over longer time periods. The Market Call and Forward Curve Quarterly forecasts currently show lower production this summer and fall, followed by a return to production growth in the fourth quarter. The BPI for each basin will be released each month in BENTEK’s regional natural gas Production Monitor series. In addition, the total U.S. BPI will be released monthly in a separate report.

To learn more, please contact your BENTEK sales representative or call BENTEK Sales at 1-888-251-1264.