Q2 vs. Q3 2014 Production, Analysis by County
As written previously, total oil and gas production is up overall Q2 vs Q3. Oil production is up 22% and gas production is up 49%. Now let's take a look at how each county stacks up Q2 vs. Q3
2014 Utica Shale Ohio Oil and Gas Production Trend (Q2 to Q3) by County
Cells in green show an increase in production from Q2 to Q3
Cells in red show a decrease.
Unmarked cells noted with "*" are statistically insignificant
|Data Source: Ohio DNR quarterly production data releases|
- Belmont County is the standout in Utica Shale gas production and gas production increase. Fifth in oil production and second in gas production, Belmont also showed the largest real increase in gas production, up 12,652,596 MCF. Not far behind is Carroll County, up 10,151,360 MCF and Monroe, up 9,659,546 MCF.
- Carroll County leads both gas and oil production by county and continues with production increases for both oil and gas.
- Harrison County is the clear standout in increased oil production, up 250,886 barrels in the quarter. And Harrison also logged a 5,540,078 MCF increase in gas production, just behind the increase witnessed by Monroe.
- Guernsey County continues to produce both oil and gas at decent numbers, though not increasingly so. As of the Nov. 29, 2014 Ohio DNR report we noted that Guernsey is still very active with 50 wells drilling, exceeded only by Harrison and Belmont counties which show far more significant increases in production. With so many wells drilling we should see some good Q4 2014 and Q1 2015 numbers from Guernsey. In subsequent posts we will look at production trends for individual wells to see if there are any clues there.
- Other counties look to be just eking out oil and gas production, for a variety of reasons no doubt: few producing wells due to unimpressive results to date and less interest or operator willingness to take another chance in finding a way to unlock any hydrocarbons, or simply just getting started and yet to be proven. Other counties might still lack some infrastructure to haul away and process production, though that may not be the case any longer
Stay tuned for the next post where I will look at individual wells and production results, followed by map updates and a look at decline curves.