http://www.marketwatch.com/story/rice-energy-announces-utica-shale-...
Bigfoot 9H Production Test
We are pleased to announce the production test results of our first operated Utica Shale well, the Bigfoot 9H. After five days of flowback, the Bigfoot 9H stabilized at a rate of 41.69 MMcf/d of gas on a 33/64" choke with flowing casing pressures of 5850 psi. Based upon a gas composition analysis, the heat content is 1086 Btu and therefore will not require processing. We own an approximate 93% working interest in the well, which has an effective lateral length of 6,957 feet and was completed with a 40-stage frac. We anticipate first production by early July and will produce the well into sales through our restricted choke program.
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Washington (Platts)--2Jun2014/324 pm EDT/1924 GMT
Rice Energy has nudged aside Antero Resources in the race to drill the most productive well in Ohio's Utica Shale.
Rice said Monday its Bigfoot 9H well in Belmont County, Ohio, has an initial production rate of 41,690 Mcf/d on a 33/64-inch choke after five days of flow.
The Bigfoot well has 6,957-feet of lateral and 40 frack stages, Canonsburg, Pennsylvania-based Rice said in a statement. The company did not provide a depth for the Bigfoot 9H.
Artic
Gas from the Bigfoot tests at 1086 Btu and will not require processing when it goes to market in July, Rice said. Rice has 175,000 Mcf/d worth of firm takeaway capacity out of the Utica on the reversal of Kinder Morgan's Rockies Express Pipeline.
The previous top well, on a gas basis, was Denver-based Antero's Yountz well in Monroe County, Ohio, with 38,900 Mcf/d on initial production. Also in Antero's collection of big Utica wells in Ohio is the Milligan 2H in Noble County, with 40,200 Mcf-equivalent/day of initial production. The Milligan 2H's volumes are 60-70% liquids, Antero has said.
Rice controls 46,000 acres in the Utica, the company said.
--Bill Holland, bill.holland@platts.com
--Edited by Annie Siebert, ann.siebert@platts.com
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