Monday, April 28, 2014

ODNR Releases Fourth Quarter Production Data for Horizontal Shale Wells

Production results from Ohio’s horizontal shale wells for the fourth quarter of 2013 were released today by the Ohio Department of Natural Resources (ODNR).  The report lists 397 wells, 352 of which reported production results. Forty-five wells reported no production as they are waiting on pipeline infrastructure. The 352 wells produced 1,439,308 barrels of oil and 43,124,803 Mcf (1,000 cubic feet) of natural gas.  Of those 352 wells:  The average amount of oil produced was 4,089 barrels;  the average amount of gas produced was 122,514 Mcf; and, the average number of days in production was 62.

The highest producing oil well was the Gulfport Energy “Boy Scout” well in Harrison County at 26,095 barrels of oil during 80 days of production. The highest producing gas well was the Antero Resources’ “Gary” well in Monroe County at 1,329,318 Mcf during 67 days of production.  Compared to revised 2013 third quarter data, oil production increased by 103,982 barrels or 8 percent. Natural gas production increased by 9,491,914 Mcf or 28 percent.

Passed in Sub. House Bill 59, and effective Sept. 29, 2013, operators of horizontal shale wells in Ohio are required to submit production data quarterly. Companies must submit the data to ODNR 45 days after the end of the quarter.  Prior to Sub. House Bill 59, horizontal shale operators were required to submit production data annually on March 31. Data for the first and second quarters of 2013 was required to be submitted to ODNR under this law. The data will be released once it is compiled and verified. The increased reporting provides ODNR, the industry and the public with more accurate and timely information regarding Ohio’s oil and gas industry.  All horizontal production reports can be accessed at:  Ohio law does not require the separate reporting of Natural Gas Liquids (NGL). Gas reporting totals listed on the report include NGLs.

No comments:

Post a Comment