Utica Ohio Cumulative Production - Last 5 Quarters

I just got around to merging the last 5 Production reports from the Ohio DNR, enjoy. Google Map format as usual, and the ability to further slice and dice to your hearts content using the blue "Filter" option near the top left of the Larger Map versions (link under each map). I highlighted the Top 25 Oil and Top 25 gas producers from the last 5 quarters.

http://www.uticashaleblog.com/2014/08/utica-point-pleasant-ohio-top....

You can also go to the "ALL" tab to see them all. Locations are at the surface so you will need to zoom in to see individual wells on a Pad. 

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Permalink Reply by Philip Thackray on August 11, 2014 at 1:40am

Greg,

Thanks for making that available.  I'm in Southern Butler County, PA but I enjoy watching what is happening in Ohio.

Regards,

Phil

Permalink Reply by Greg B on August 11, 2014 at 3:01am

Hello Philip, I was born and raised in Lawrence county,PA, not far from you :-). My icon image is from McConnells Mill State Park if that rings a bell. I would like to create some similar maps for Western PA counties.

Permalink Reply by pinehill on August 11, 2014 at 4:15am

Thanks for sifting thru the data.  This is great information and gives a lot of hope about what the future brings.

Permalink Reply by Philip Thackray on August 11, 2014 at 6:07am

Greg,

I have hiked the trails of McConnell’s Mills as well.  I still go past the mill every so often as my veterinarian lives on same road that the covered bridge is on.

I’m on a farm in Forward Township, Butler County, PA and am presently in an XTO production unit the Marburger B unit.  I have a mathematical and financial background and am currently working on a Present Value calculation specifically for a royalty stream but with some other variables factored in, the calculation would also yield the Net Present Value of the well itself.  The basis for any such calculation is an accurate decline curve specific to the shale and region of interest.  EQT publishes the spread sheet that I have attached below.  By digitizing Range, Consol and Rex published curves I have found that the EQT Northern WV – Wet Marcellus column closely matches the wells in my area.  From the decline curve there is mathematical manipulation to create production curves and to scale the output of a specific well to the production curves generated from the decline curve.  With scaled future production fed into the Excel Net Present Value function and some assumptions about the discount rate and product sales prices, a PV of a royalty stream or a NPV of an entire well can be computed.

I’m not going to publish my method here on GMS as Keith Mauck (site publisher) has floated providing such a service.  Friend me if you want to know more.

Regards,

Phil

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