What county in Eastern Ohio Has the most Oil and Gas

Who has the most Oil and Gas, Belmont, Carroll, or Columbiana County.

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Permalink Reply by Paul Martinelli on August 9, 2012 at 1:35am

I  would think apples to apples comparison would have compare the production output based on area of the lateral...( area being drained) on a sq ft basis. Longer laterals mean more area.

 

Of course we are all just specutating.....there are other vaviables that we can't possibly know....is the well wide open, has it been comepletley fraced ( all stages), is it an experimental process.....the list goes on.

 

I know we all want to crown our home County as the "Sweet Spot".....lets just be happy that we are even having this type of discussion.....and all gree that  as always......Ohio is the "heart of it all" and is THE SWEET SPOT!

Permalink Reply by David Perotto on August 8, 2012 at 3:34pm
Correct me if i am wrong, but aren't HVHF wells (on average) about 130 acres each? The well pad size is what makes the total number vary?
Permalink Reply by Happy for hardworking Farmers on August 9, 2012 at 3:53am

Mrytle, yes the bottom line is lateral length. Just want to make sure everyone is considering that when comparing. No testiness here, I hope the best for everyone. Just like Paul said, this is a win win for Ohio!! I hope the Wagner well is twice as good as what they are even saying now! Go Utica! 

Permalink Reply by Dan on September 16, 2012 at 9:07pm

1. Condensates are not valued as oil. This table from Rosetta Resouces gives an idea of the relative values of of the different kinds of condensates that are in the wet gas:

2. Explanation is discussed here.

It would be nice if they were consistent in their reporting.  On a basis of raw production numbers divided by foot of lateral, I still see Buell as the leader.

Permalink Reply by Bluflame on September 16, 2012 at 11:35pm

Dan,

  I'm confused about the definition of "condensates" also. Typically, the components you list above are part of NGL's, which the E&P's list separate from "condensates". 

  Can anyone shed additional light on this? 

BluFlame

Permalink Reply by Billy Park Whyde on August 9, 2012 at 2:10am

$7,000 Per Acre????

Licking $4,000 Per acre
Monroe $5,200 Per acre
Morgan $3,800 Per acre
Muskingum $4,000 Per acre
Noble  $5,000 Per acre
Perry $2,400 Per acre
Richland $2,000 Per acre
Stark $2,800 Per acre
Trumbull $3,900 per acre
Tuscarawas $7,000 Per acre
Washington $3,000 Per acre
Wayne $2,000 Per acre

Mahoning new at $5,000 per acre

  Source http://www.shalegasinsiders.com/

 

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