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Wednesday, 01 January 2014 08:32

Oil and Gas Production Figures Released

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ODNR releases  figures for 3rd Quarter
The state released quarterly production numbers on horizontal shale wells for the first time Tuesday.
During the third quarter, 245 wells reported production, while another 40 wells were waiting on pipeline connections and reported no production, according to a release from the Ohio Department of Natural Resources.
Combined, those 245 wells produced 1.33 million barrels of oil and 33.6 billion cubic feet of natural gas, a figure that includes natural gas liquids.
Individually, the producing wells averaged:
• 5,439 barrells of oil.
• 137 million cubic feet of natural gas.
• 55 days of production.
Tom Stewart, executive vice president of the Ohio Oil and Gas Association, said the numbers were in the expected range and show the Utica Shale is primarily a natural gas play.
Gulfport Energy had the highest producing wells for either oil and natural gas during the quarter.
The Oklahoma City-based driller's Boy Scout well in Harrison County produced 41,617 barrels of oil over 70 days. It also produced 135 million cubic feet of natural gas.
Gulfport's Stutzman well in Belmont County produced 1.25 billion cubic feet of natural gas over 89 days, along with 22 barrels of oil.
This is the first time ODNR has released quarterly data on well production as a result of a law change included in the state budget. Data for the first and second quarters of 2013 will be released in late winter or early spring of 2014, said ODNR spokesman Mark Bruce.

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