Friday, March 29, 2013

Ohio Utica Shale Wells - Annual Production Report Due

The yearly report from Ohio on producing Utica / Point Pleasant shale wells should be published early next week. The report will contain data from approximately 48 wells, perhaps more, and note all wells that at one point were "producing" in 2012. Many wells were "production tested" and then went off production while awaiting transport (mostly pipeline infrastructure needed to transport the hydrocarbons for processing). When the report comes in there will be a great deal of analysis from investors and operators. Investors will look for encouraging production results that reflect growth potential from future wells. Operators will be keen to compare results and gain some additional insights for delineating the sweet spot of the play and the more promising acreage to begin to develop.

Chesapeake was the only operator with producing wells in 2011, making up all nine wells in the April 2012 production report released. This year Chesapeake will still dominate the report with approximately 32 wells, but will be joined by Anadarko, Antero Resources, Enervest, Gulfport and others. Gulfport Energy has revealed some production information already, even on wells that only started producing in 2013 and will not be included in the report.

Below are the current wells producing in the Utica / Point Pleasant formation. Many of the wells starting producing since January 1st of 2013 and will not be included in the 2012 report.

"Producing" Utica Wells (Ohio), by operator, Updated 3/23/2013 (Chesapeake-50, Anadarko-6, Gulfport-6, Antero-3, Enervest-3, HESS-3, Devon-2, HG Energy-1, Rex Energy-1, PDC-1, CNX Gas-1)  
(Zoom in to see all wells, some are very close together/share the same pad location)

Click to view LARGE Map