Activity in the Utica and Marcellus Shale formations in Ohio have seen some changes compared to the last well activity update, and one energy company is boosting its game when it comes to electric cars.
American Electric Power Company Inc. (AEP) is beginning to pay closer attention to the number of customers it serves that have electric cars and the amount of power they will demand. According to the Columbus Business First, just last year over 123,000 plug-in electric cars were sold in the U.S., which is only a small portion of the total 16.5 million new vehicles traveling across the nation’s roads. However, people like Tesla Motor’s CEO Elon Musk are being considered visionaries, and if people like Musk continue to improve electric powered vehicles, more and more will be seen on the road.
For AEP, the increase in the number of electric cars means an increase in demand for power. COO Bob Powers explained that the increasing number of people with electric cars will force the company to upgrade its distribution system.
To explain it better, Powers gave the following scenario: In a standard subdivision, one homeowner has a standard 85 kilowatt-hour Tesla S Vehicle and would like to use a high-powered charger to quickly charge the car’s battery. In this scenario, AEP would not have to worry about updating its distribution system. However, if a few other residents in the subdivision wanted to do the same thing, AEP would have to follow through with distribution upgrades. If the company didn’t, it risks the chance of an overload.
To read the full article regarding AEP, Tesla Motors and power demand, click here.
The following information is provided by the Ohio Department of Natural Resources (ODNR) and is through the week of July 18th.
The ODNR reported 445 wells were permitted, 419 drilled, 191 drilling, 925 producing, 25 inactive, 24 in final restoration and three abandoned wells in Ohio’s Utica formation. This brings the total number of wells in the Utica to 1,980.
The Marcellus Shale in Ohio remains unchanged from last week’s well report. The area is still sitting at 15 wells permitted, 11 drilled, 17 wells producing and one well inactive. There are a total of 44 wells in the Ohio Marcellus Shale.