Activity in the Utica and Marcellus shale formations in Ohio have both seen very little change, if any, change when compared to last week’s well activity update. However, one well in Ohio isn’t exactly producing like it was hoped to.
The idea of waterless fracking excited the entire oil and gas industry, but now it may not be the light at the end of the tunnel for fracking. EV Energy Partners LP and eight other companies joined forces with GasFrac Energy Services and drilled a waterless fracking test well in Tuscarawas County, Ohio. Last week, the well had officially been producing for 90 days, but its production wasn’t even close to its neighboring well. The Nettles test well produced about half the amount of oil when compared to the well next to it.
The $22 million well was chance EV Energy took, considering it typically costs between $6.5 million and $8 million to drill a well in the Utica Shale formation. EV Energy’s Director Ken Mariani explained even though the well isn’t producing as much because it flows back hydrocarbons, which can be resold, the ending cost of the well could be closer to $15 million, which sounds a lot better than $22 million.
Even though Nettles hasn’t completely proved that waterless fracking is the answer to all of the issues that fracking has against it, the entire idea hasn’t been thrown out. Chesapeake Energy Corp. is also testing waterless fracking in Ohio. EV Energy said it will continue to test Nettles specifically to evaluate the quality of the shale rock.
The following information is provided by the Ohio Department of Natural Resources and is through the week of May 9th.
Activity in the Utica Shale formation in Ohio has had a few slight changes when compared to last week’s update. According to this week’s report, 423 wells were permitted, 565 drilled, 861 producing, 13 inactive, 24 in final restoration and 3 abandoned. This brings the total number of wells in the Utica to 1,889.
The Marcellus Shale in Ohio has zero change reported when compared to last week’s well report. The area is still sitting at 15 wells permitted, 13 drilled, 14 producing and one well inactive. There are a total of 43 wells in the Ohio Marcellus Shale.