Wednesday, June 3, 2015

Utica Shale Ohio Q1 2015 Gas Production by County

Four times a year we are treated to a new set of Utica Shale production data out of the Ohio DNR. With each report we gain more insight into a number of things. In this post I will look a gas production by county.

Gas Production by County Q1 2015 vs. Q4 2014

Data extracted from Ohio DNR production reports

Immediately what stands out is that the lower producing counties have mostly dropped in natural gas production while the top six higher producing counties have all gained in production from quarter to quarter.

Minus the one well in Coshocton county, more marginal counties are all in a decline. And while the number of producing wells is similar from quarter to quarter in these more marginal counties, inevitable decline rates will continue to reflect lower production if no new wells are drilled in the counties.

In addition, producing days and wells producing are up, more of an indication that, though slowing somewhat recently, more wells are coming online in the most prolific gas producing counties.

On the plus side, Guernsey and Noble counties showed the largest increases in natural gas production quarter to quarter, also reflected in increased numbers of wells brought into production.

Another observation to be made is that Belmont and Monroe counties are bringing in relatively higher natural gas production per well as demonstrated by sum of producing days compared to others. Indications are that wells drilled in these counties are relatively more profitable, though that would depend on how early the respective wells are in their production curve relative to wells in other counties. It is no surprise then, according to Ohio DNR permit activity, that Belmont and Monroe counties lead in wells classified as drilling in May 2015.


Disclaimer & Caution: While some care was taken to accurately reflect numbers provided by the Ohio DNR, the site owner takes no responsibility for any errors.









Saturday, May 16, 2015

Utica Shale - Nat Gas Production Soaring Past Others

Steep natural gas production increase continues
The latest report from the U.S. Energy Information on the Utica Shale (combined Ohio, Pennsylvania, and West Virginia production) continues to show a dramatic rise in natural gas production from the Utica. And the Marcellus Shale is in a class of its own, with production nearly equal to the next four combined. The diagram below, excluding the Marcellus in order to show relative scale amongst the other top natural gas producers by rank, illustrates the steep natural gas production increase from the Utica.

Data from eia.gov, retrieved May 14, 2015.





























Abbreviated YOY data from the top six natural gas producers (including the Marcellus)

Data from eia.gov, retrieved May 14, 2015.







Utica ranked 6th in U.S in natural gas production, soon to be 5th
The Utica Shale is ranked 6th in monthly natural gas production, having taken the number 6 spot from the Woodford in November 2014. And while most of the shale natural gas plays showed steady or slightly declining year over year production, only the Eagle Ford, Utica, and Marcellus shales showed a relatively steep increase. And with the near leveling of the Fayetteville the Utica should pass the Fayetteville in total monthly production in June of this year. After that, the Haynesville should be the next to be overtaken the Utica Shale in monthly natural gas production, likely by the end of 2015 or early 2016.

Utica second in production increase, first in percentage increase.
The Utica Shale experienced the second overall largest production growth with 2.45 Bcf per day in April 2015, up 1.59 Bcf/day from April 2014. The increase was surpassed only by the Marcellus with showed a whopping 15.24 Bcf per day in April 2015 vs. 12.51 Bcf per day in April 2014, up 2.74 Bcf/day. Though the Utica Shale more than doubled in natural gas production over the last year, and just shy of tripling, holding the distinction of largest (by far) percentage increase.



Wednesday, May 13, 2015

Utica Shale OH - Permit Time-Lapse Map

Utica Shale Ohio Permitting Activity

A time-lapse map showing surface locations and dates permits have been issued over time. Time-lapse runs through May 9, 2015. Use slider on bottom left to see time or pause and restart.


 

Tuesday, May 12, 2015

Utica Shale: Two OH Counties Contributing to Half of all Drilling

According to the May 9, 2015 update from the Ohio DNR, combined, Belmont and Monroe Counties in Southeast Ohio account for nearly half of all Utica Shale wells classified as currently drilling,

Together the two counties are the home of 108 of the 223 wells classified as currently drilling,  and account for 88 of 209 wells permitted so far this year. With drilling costs running into the millions of dollars for each well, drilling activity is a big bet. And following the money is a good indicator of areas that are hot.

Map of all wells currently classified as drilling in Belmont and Monroe counties as of the May 9, 2015 report.

Zoom in, pan, and click for detailed information on each well.