Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Search
2Q Utica Production of Oil, Natural Gas Soars in Ohio
COLUMBUS, Ohio -- Horizontal wells in the Utica shale in the eastern part of the state produced more natural gas during the second quarter than all of the Ohio wells combined in 2012, reports the Ohio Department of Natural Resources.
The shale wells in the state produced 2,467,283 barrels of oil and 88.673 billion cubic feet of natural gas during the three months ended June 30, according to a summary report ODNR released Monday.
ODNR said in its summary that 562 wells are listed on its latest production report, with 504 of them reporting results. Fifty-eight wells reported no production since they haven't been linked to pipelines. As of this morning, the full report was not posted on ODNR's website.
Average production per well stood at 4,895 barrels of oil and 175.939 million cubic feet of gas, ODNR reported. Average number of days a well was in production stood at 67.
The highest-producing oil well was Antero Resources' Myron well in Noble County at 78,309 barrels over 91 days. The highest producing gas well was Hall Drilling's Hercher North well in Monroe County, which recorded 1.4 billion cubic feet of gas production over 91 days.
Copyright 2014 The Business Journal, Youngstown, Ohio.
CLICK HERE to subscribe to our twice-monthly print edition and to our free daily email headlines.