The Ohio DNR has has just released the much anticipated 2011 Utica Shale production data. Five wells produced commercially in 2011 with none of those producing for the entire year. Four wells have not yet been placed into commercial production. All wells were operated by Chesapeake Appalachia LLC. Find more information at the Ohio DNR Site here.
Related to all of this is a study released earlier this year by the Ohio Shale Coalition which projects
193 wells will be in production by the end of 2012, up from 2011 (9)
843 wells in production om 2012
1,918 in 2014.
The significance of this level of increase in producing wells and associated activity is sure to be a boon to the local economy. Exciting times for landowners and businesses in the area are ahead.