YRPHeader2013fullrounded

Friday, April 18th, 2014
Current Time 9:26:54am
Thursday, 07 November 2013 08:37

Gulfport Energy: Belmont County well among top in state

Written by 

Oklahoma-based company touts success of local Utica Shale well


BELMONT COUNTY, Ohio -- An Oklahoma-based drilling company is touting the success of its first natural gas-only well in Ohio.
Gulfport Energy announced earlier this week, as part of its third-quarter earnings release, that the Irons 1-H well in Belmont County's Washington Township is producing more than 30.3 million cubic feet of natural gas per day, making the well the second-best-producing well in the the state. Gulfport CEO James Palm said that the company expects the well to produce 15 million to 20 million cubic feet per day, in the long run
The well is farther east than other Gulfport wells in Ohio and producing little in the way of liquids, but lots of natural gas. It is a key well because 44 percent of Gulfport’s leased holdings are in the same dry-gas window.
Gulfport has drilled 45 Utica wells in Ohio this year, and has plans for 85 to 95 wells in Ohio in 2014. Company officials also said Gulfport plans to spend up to $250 million in 2014 on additional drilling leases in eastern Ohio.
The No. 1 best-producing gas well in Ohio is Antero Resources’ Yountz well in Belmont County with 38.9 million cubic feet per day in initial production.

AVC News

Email This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Free Text Alerts
  • Twitter Feeds
  • Facebook Links

Get Text Message Local News Alerts and Local HS Sports  Scores on Your Cell Phone!

YourRadioPlace.com will alert you to the latest breaking LOCAL news, weather school closings and local HS sports scores for all the games we broadcast via Text Messages to your cell phone or PDA! Sign up now for this FREE service! (Message and Data Rates May Apply - See details under read more link)

AVC Local News Alerts:   Text keyword: AVCNEWS to 41411
Local HS Sports Scores:  Text keyword: AVCSPORTS to 41411

Message and data rates may apply. To Opt-out text STOP to 41411. For more information text HELP to 41411.

Follow us on Twitter!

AVC News - Daily Local Headlines and Alerts

AVC Sports - Local HS Sports Scores

Popular Articles...