Tuesday, August 19, 2014

Utica Shale Activity in Ohio - Latest Maps and Data

The August 16, 2014 Utica / Point Pleasant well activity data is out. The report shows:

202 Ohio wells reported as currently drilling, map

Utica Ohio drilling activity by county

Harrison county leads all drilling activity with 49 wells classified as drilling, followed by
Guernsey (43)
Monroe (42)
Noble (35)
Carroll (17)
Belmont (12)
Jefferson (1)
Morgan (1)
Portage (1)
Trumbull (1)

Utica Ohio drilling activity by operator

Antero leads the pack with 38 wells classified as currently drilling, followed by
Chesapeake (34)
Gulfport (32)
American Energy (22)
Eclipse (16)
Hess (14)
PDC Energy (8)
Triad Hunter (8)
HG Energy (6)
Carrizo (5)
CNX Gas (4)
Hall Drilling (4)
XTO (3)
EQT Production (2)
Rex Energy (2)
Chevron (1)
Devon (1)
Halcon (1)
Mountaineer Keystone (1)

In addition:
467 wells are classified as Producing, map and
228 wells as Drilled, map. 

20 new permits were issued for the period (August 10-16 2014)

New permits were lead by American Energy with 10 new permits followed by
Hess (5)
Chesapeake (4)
CNX (1)

Harrison county led Utica permitting with 8 followed by
Belmont (7)
Carroll (4)
Tuscarawas  (1)

A map of the newly permitted wells is below, note that these are surface locations where they are often more than one well on a pad, zoom in to view separate locations on a pad.

Saturday, August 16, 2014

Ohio Counties with the Most Impressive Utica Production

In each of the last five quarters (Q1 2013 to Q1 2014) the Ohio DNR released production data for Utica / Point Pleasant wells. The data included the county and the number of "producing days" for each of the wells in the county. Combining all the producing days for all of the wells in a county gives us the numbers in the chart below.

Total producing days in a county = the total number of producing days for all wells in a county combined.

Carroll County
Carroll County is noted as leading by a wide margin in the number of well producing days, representing approximately 56% of the total. Other counties should make gains on Carroll county going forward given the shift in permitting and drilling activity. In the recent August 9, 2014 Ohio DNR report, Harrison, Noble, Guernsey, and Monroe, each showed more than twice the drilling activity of Carroll County.

Chesapeake does appear to be seeing some nice profits in their Carroll county wells and are drilling at a steady clip. In the Q1 2014 data we see that the six Putnam wells in Union Township in Carroll County showed nice initial production. The first 53-67 days of production show an average of ~200-250 Barrels of Oil per Day. As a result, I don't see Chesapeake slowing down Carroll County drilling anytime soon.

Carroll County, Data Source Ohio DNR

Noble County
Though many of the Noble County wells are showing even more impressive oil production results with the Antero wells below averaging 630 to almost 1,000 Barrels of Oil per Day in the first 32-68 days of production.

Noble County, Data Source Ohio DNR

Harrison and Guernsey Counties
Some of the Harrison and Guernsey County wells are also putting up some nice numbers, showing around 500 Barrel Per Day of production the first two or three months that they come online. Some Gulfport, Hess, Carrizo wells in those counties are seeing the 500 BOPD production numbers.

Monroe and Belmont Counties
Monroe and Belmont Counties, while not showing much oil production, are showing some of the most prolific gas production.

Single well production records to come
The technology mix and process used to exploit the wells is evolving so we should expect to see production records broken as operators learn more and hone their methods of exploiting the Utica / Point Pleasant play in Ohio. Stay tuned.

Tuesday, August 12, 2014

Ohio's Utica Shale Earns Respect - From the EIA

The U.S. Energy Information announced on their Website today that Ohio's Utica Region will now be included in EIA's monthly Drilling Production Report.

The August 11th report points to the Utica Shale as one of the fastest growing and the recognition has certainly been deserved. Many of us looking at EIA's reports for Utica Shale details the last year or two have been somewhat dismayed to see the shale relegated to the "other" category, no longer. The Utica Shale is stepping up to play with the "big boys".

Recognition earned
The latest report from the EIA here shows the Utica region listed with the rest (Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, and Permian). The new recognition is due to the enormous increase in natural gas attained by the Utica Shale as of late, up from 155 million cubic feet per day in January 2012 to an estimated 1.3 billion cubic feet per day in September 2014.

Utica now one of the seven most prolific
The EIA reports now focus on 7 "most prolific areas", with the addition of the Utica Shale. These 7 shale plays account for 95% of domestic oil production growth and all natural gas production growth during 2011-2013. Source: EIA.gov Drilling Productivity Report, August 11, 2014, http://www.eia.gov/petroleum/drilling/

Source: EIA.gov. The seven most prolific shale plays in the Lower 48 states.