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 Jimmy Wilson on January 1, 2014 at 2:29am

Depletions may be similar Busy Bee but rest assured, Buell and Boy Scout are different animals geologically... Buell is night and day drier....

Just my take

Permalink Reply by Busy Bee on January 1, 2014 at 5:14am
Thanks Jimmy .
Permalink Reply by Philip Brutz on January 1, 2014 at 9:56am

Busy Bee, I am not sure that the Buell well is still in production:

http://marcellusdrilling.com/2012/07/chesapeakes-best-utica-well-bu...

Permalink Reply by Shower Bath on January 1, 2014 at 10:50am

The Buell well is still in production. API Number 34067210570100     Buell 8H

Year                    OIL                  Gas

2011               13,472              1,523,465

2012                 9,779              1,657,548

2013 Q3              546                 337,295        (91 days of production)

Randy

Permalink Reply by Philip Brutz on January 1, 2014 at 11:21am

Randal, do you have any more information on the legal battle over the Buell and Jewett wells?

Permalink Reply by Shower Bath on January 1, 2014 at 12:33pm

I haven't read, or heard anything on the Buell lawsuit or the Sportsman Club lawsuit.

It may be two or three years before they get to trial. Attorneys can delay these things for a long time, if it is in their interest.

Randy

Permalink Reply by Eric on January 2, 2014 at 2:31am

The buell well was settled out of court

Permalink Reply by Philip Brutz on January 2, 2014 at 3:13am

Do you know what the settlement was? 

Permalink Reply by Eric on January 2, 2014 at 3:28am

gag ordered settlement. but if i gauge his smile he did alright..he deserves it too

Permalink Reply by Philip Brutz on January 2, 2014 at 3:42am

Good, I am glad he was justly compensated.

Permalink Reply by Busy Bee on January 1, 2014 at 1:59pm
Thanks guys for the info on the Buell. What about the 1st and 2nd quarters of 2013 ? Do we have any info for the first half of the years production.If these wells produce for decades like many believe there should be plenty of profit for all .
Permalink Reply by Busy Bee on January 1, 2014 at 2:05pm
Thanks Randy . The oil has dropped off with the Buell but the gas flow doesn't appear to be dropping much .:

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