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Thursday, 07 November 2013 08:37

Gulfport Energy: Belmont County well among top in state

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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.

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