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Utica Shale sees major production increase in third quarter

The Ohio Department of Natural Resources (ODNR) reports that during the third quarter of 2014, Utica Shale well production rates increased by 49 percent when compared to production in the second quarter, according to EnergyInDepth Ohio.

The report states that in the third quarter natural gas production increased by over 43 billion cubic feet while oil production jumped up by more than 546,000 barrels. Out of the entire state, Carroll County holds the largest number of wells and the highest rates of production. Harrison County ranks second in the state while production rates in both Noble and Monroe Counties continue to increase, indicating a change in the geographic locations of production in the Utica Shale formation.

In Monroe County, the Gary 3H well operated by Antero Resources reached a milestone by producing the largest recorded amount of natural gas in the state’s history. In Noble County, a well operated by Reserve Coal Properties Co. (a subsidiary of Consol Energy Inc.) produced 50,159 barrels of oil after only 86 days of production.

The report, however, did not include the production numbers for natural gas liquids (NGLs) as the state of Ohio doesn’t require companies to report production of dry gas and NGLs separately.

In related news, Ohio’s Utica shale likely to be productive for up to 50 years, energy analyst says.

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