Ohio Releases 3rd Quarter 2013 production statistics!

Happy Reading for 2014!!   Here is the third quarter production report:

followed by an article on the release.

http://oilandgas.ohiodnr.gov/production

The typical Utica shale well in eastern Ohio produced 137,168 thousand cubic feet of natural gas and 5,439 barrels of liquids from July through September, according to a new report released on Tuesday by the Ohio Department of Natural Resources.

That is enough natural gas to generate about $550,000 and enough oil to generate an additional $490,000 from each of the the state’s first 245 Utica shale wells or nearly $1 billion a year  from all the wells.

"Those are very good numbers," said Jeff Daniels, a geophysicist at Ohio State University, co-director of the university’s Sub-Surface Energy Resources Center and an expert on Utica shale drilling. "They’re high but they don’t shock me."

http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/ohio-r...

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Permalink Reply by Booger on January 3, 2014 at 9:21am

j-o

each well listed is a single lateral......so no need for that column.

lateral length would be interesting but most of them are not really all that different....besides i dont have that kind of time.

NGL's are not listed so that is impossible.

an important thing is to know where these wells are at on the decline curve....a bunch of these wells show less than 90 days production which means many of them had just come on line and are showing good results - but are at the top of the curve.

the picture will be clearer when we have the entire years production results.

 

Permalink Reply by Joseph-Ohio on January 3, 2014 at 9:44am
Based on all of your above considerations I agree that the yearly average is about the best / most meaningful estimate of production we can hope for.

Earlier, I was hopeful to figure out a way to prove the quality of the reservoir on the basis of resource recovery per lineal foot of lateral to weigh one well against another.

After thinking about it there are just too many variables to so prove anything.

There are all the things you've mentioned above and more - like operational characteristics / market conditions (maybe the E & P wants to throttle production or shut-in the well due to market circumstances or for some any other reason that suits).

Thanks for your efforts - I'll be staying tuned to your posts on production - especially when we learn more about the wells in my northern tier neighborhood.
Permalink Reply by Tree Farmer on January 9, 2014 at 11:45am

Just for fun I created a map of the top 10 oil producers searched for in Tusc., Harrison and Carroll county.

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