Growth of Utica production per rig outpaces other shale plays

During a session at the EIA conference last week, EIA announced that it will be adding a Utica Shale region to the resource plays featured in the Drilling Productivity Report (DPR) in August. The Utica region in the DPR will include all oil and natural gas production from a selected group of counties in Ohio (see map 2).

EIA's preliminary estimate for July 2014 natural gas production in Utica is about 1 billion cubic feet per day (Bcfd). Production data indicate that natural gas production growth from the Utica is on par with the growth in natural gas production in the Eagle Ford Shale in Texas, when comparing the first 20 months of activity in both those plays. This level of production is slightly higher than the production from the Haynesville formation in Louisiana, at its 20-month mark of activity, but is close to two-thirds lower than production levels in the Marcellus, which was producing more than 3 Bcfd in its 20th month of activity. Marcellus is currently the most productive U.S. shale formation, with recent estimates of production for June 2014 at 14 Bcfd.

Despite the relatively modest levels of production from Utica, estimates of Utica's production per rig show significantly steeper growth than what occurred in other locations at the beginning of their development. There are several reasons for this. Although Utica producers are currently very much in an experimental and exploration phase now, producers are entering the Utica with experience gained in producing from other major shale gas plays. Additionally, the southern dry gas window of the Utica has proven extremely productive for natural gas, with some wells achieving 30+ million cubic feet per day initial production rates.                           

      

     http://www.eia.gov/naturalgas/weekly/

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About time EIA noticed what was going on around here.

Hopefully  this news will help some of the smaller  drilling companies  gain momentum in their stocks.

No doubt staffed by Lawrence County expatriats.....behind the times.....;-)

Summary

  • Chesapeake Energy has applied for its first permit in the Buda in Dimmit County, Texas.
  • The latest home run Buda well is the Jessica drilled by CML Exploration, LLC. This well was spud on March 2 and produced 29,071 barrels of oil by May 31.
  • The best Buda oil wells have natural fractures and cost much less to drill and complete than Eagle Ford wells.
http://seekingalpha.com/article/2331205-chesapeake-joining-buda-oil...
Boda Limestone..... just below the EagleFord. Kind of sounds the prolific Trenton Limestone here in Ohio.
And here in PA.

The last time someone called Ohio's Trenton Limestone "prolific" was during the Cleveland administration.  ; )

"Once Prolific" maybe is a better analogy. Maybe it will be again!

State officials say there are now more than 1,000 Utica shale wells around Ohio.

Statistics released last week from the Department of Natural Resources show Ohio has 1,004 wells listed as drilled, drilling or producing.

Ohio overall has 495 producing Utica wells.

Carroll County in eastern Ohio has the most Utica wells in the state, with 240 wells producing out of 363 drilled.

Neighboring Harrison County has the second-highest number of wells, with 70 wells out of 174 producing.

The Energy Information Administration reports that the Utica shale region is one of the fastest-growing natural-gas production areas in the United States.

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