Appalachian Basin

Utica Shale Boasts 80 Percent Increase from Previous Year

Today the Ohio Department of Natural Resources (ODNR) posted Utica shale results for the fourth quarter of 2015. The results showed that horizontal shale well production increased more than 75 percent for oil and 80 percent from gas from the previous year.

As EID pointed out earlier this year, Belmont County is the natural gas county to watch in 2016 and that was certainly obvious by the fourth quarter’s production results, with Belmont County having all the top 10 best producing gas wells.  The Utica shale operators with the best wells this quarter were Rice Drilling, Ascent Resources (formerly American Energy Utica), and Chesapeake.

Calendar Year                      2014 (Shale)               2015 (Shale)       Increase (%)

Barrels of oil:                            10,999,162                       21,983,959               99.9%

Mcf of gas:                                452,866,564                   953,863,990              110.6%

 

Quarterly Results (Shale) 3rd Quarter 4th Quarter      Increase (%)
Barrels of Oil 5,709,858 245,832,215 9%
Mcf of Gas 6,249,116 302,505,428 23

ODNR reported that during the fourth quarter, the average amount of oil produced was 5,081 bbls, and the average amount of gas produced was 245,939 Mcf, with the average well running 83 days in production.

The top ten natural gas well this quarter were as follows from Rice Drilling:

Operator County Well Oil Gas Days on line
RICE DRILLING D LLC BELMONT MOHAWK WARRIOR     12H 0 1626593 92
RICE DRILLING D LLC BELMONT MOHAWK WARRIOR     8H 0 1621945 92
RICE DRILLING D LLC BELMONT MOHAWK WARRIOR     10H 0 1586707 92
RICE DRILLING D LLC BELMONT KRAZY TRAIN     4H 0 1423618 92
ASCENT RESOURCES UTICA LLC BELMONT SMITH A     1H-12 0 1423045 92
ASCENT RESOURCES UTICA LLC BELMONT EUREKA SMT BL     6H-A 0 1417273 92
RICE DRILLING D LLC BELMONT RAZIN KANE     4H 0 1402107 92
RICE DRILLING D LLC BELMONT RAZIN KANE     2H 0 1396879 92
RICE DRILLING D LLC BELMONT RAZIN KANE     6H 0 1363398 92
RICE DRILLING D LLC BELMONT KRAZY TRAIN     2H 0 1329678 92

 

The top ten oil wells this quarter were from Ascent Resource and Chesapeake:

Operator County Well Oil Gas Days on Line
ASCENT RESOURCES UTICA LLC GUERNSEY RED HILL FARM MDS GR     3H 59502 156033 92
ASCENT RESOURCES UTICA LLC GUERNSEY RED HILL FARM MDS GR     1H 57095 157764 92
ASCENT RESOURCES UTICA LLC GUERNSEY RED HILL FARM MDS GR     5H 54366 136979 92
ASCENT RESOURCES UTICA LLC HARRISON RH BSA S NTG HR     8H 45951 260719 92
CHESAPEAKE EXPLORATION LLC CARROLL SAUERS 8-14-6     8H 45917 220110 92
ASCENT RESOURCES UTICA LLC HARRISON RH BSA N NTG HR     3H 45914 234065 92
ASCENT RESOURCES UTICA LLC HARRISON RH BSA S NTG HR     6H 45278 258893 92
ASCENT RESOURCES UTICA LLC HARRISON RH BSA N NTG HR     9H 45133 221067 92
CHESAPEAKE EXPLORATION LLC CARROLL SAUERS 8-14-6     6H 43462 221555 92
ASCENT RESOURCES UTICA LLC HARRISON RH BSA N NTG HR     1H 43088 203527 92  

 

This is all certainly wonderful news for Ohio’s growing economy, which — as recent reports indicate – will continue to benefit from shale production and the construction of associated infrastructure for years to come.

 

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