Tuesday, December 22, 2015

ODNR Oil & Gas report

Shale Production: Production in Ohio's oil and natural gas wells this year has already surpassed that of 2014, the Department of Natural Resources recently announced.  During 2015's third quarter, Ohio's horizontal shale wells produced more than 5.6 million barrels of oil and 245.7 Mcf of natural gas, according to ODNR figures released this month.  That means Q3 2015 production included 15.7 million barrels of oil - an 111% increase over Q3 2014 - and 651 million Mcf of gas - a 126% increase over Q3 2014.  Ohio wells produced 15 million barrels of oil and 512.9 Mcf of gas in all of 2014.  "Quarterly production continues to set new records as horizontal shale well production totals have increased by more than 100 percent from 2014's third quarter totals," according to ODNR's release. "Additionally, Ohio's horizontal shale wells have produced more oil and gas in the first nine months of this year than all of Ohio's wells produced in 2014."  The department found 1,134 wells in Ohio - 1,087 of which produced results. Forty-seven others had no output since they are awaiting pipeline infrastructure, ODNR said.

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