Gulfport Releases More Utica Production Results
OKLAHOMA CITY – Fresh off the heels of bonanza results from two earlier wells, Gulfport Energy Corp. reports the results of two more oil and gas horizontal wells it operates in eastern Ohio's the Utica shale.
The company reported that its Ryser 1-25H well in Harrison County tested at a peak rate of 2,914 barrels of oil equivalent per day, which breaks down to a daily peak rate of 1,488 barrels of condensate, 5.9 million cubic feet of natural gas, and 649 barrels of natural gas liquids per day.
The Ryser well was drilled at a vertical depth of 8,122 feet and an 8,291-foot horizontal lateral, the company said.
Gulfport also said its Groh 1-12H well in Guernsey County tested at a peak rate of 1,935 barrels of oil equivalent per day. That breaks down to 1,186 barrels of condensate, 2.8 million cubic feet of natural gas, and 367 barrels of natural gas liquids per day.
Both wells should be connected with pipelines by the end of January, the company reported.
The latest results of Gulfport wells are less spectacular than the company's Wagner and Shugert wells, which were peak tested in late September and mid-October respectively.
Gulfport reported in October that its Shugert 1-H well in Belmont County tested at a strong peak rate of 4,913 barrels of oil equivalent per day, surpassing the results of its Wagner well in Harrison County, which recently tested at a peak rate of 4,650 barrels per day.
The Shugert well is the best-producing well yet in the Utica shale.
Before the Wagner results, the most productive well in the Utica was Chesapeake Energy Corp.'s Buell well, which performed at a peak rate of 3,101 barrels of oil equivalent per day.
Gulfport has 62,000 net acres under lease in the Utica and has secured a partnership with MarkWest Energy, Denver, as its anchor customer for a processing network under development in Cadiz, Ohio in Harrison County.
MarkWest is developing a $500 million midstream project in Cadiz, Ohio. The project consists of building two processing plants in southeastern Ohio – one in Cadiz and the other in Noble County. The midstream infrastructure separates wet gasses from dry gas such as methane. The wet gas is further processed and separated into different liquid gas such as propane, ethane and butane. These products are then delivered via pipelines to markets all across the country.
Published by The Business Journal, Youngstown, Ohio.