Mouse Over to Stop Rotation & Read Ad

Tuesday, February 18, 2014

Evidence Continues to Show Utica Shale Fairway Moving South

From Platts:
The Stalder well moves the dry gas fairway of the Utica further east towards West Virginia, TPH said, and was good news for firms such as Oklahoma City-based Gulfport and Denver-based Antero, which both own acreage in Monroe County and next door in Noble County. 
While not the best Utica well on an equivalent basis to date, Magnum Hunter's Stalder well may be the best dry gas well in the Utica. With no need for processing, the Stalder well was placed into production immediately, bypassing the midstream choke points that have kept other Utica's wells from full production. 
According to data from the Ohio Department Natural Resources, at least 25% of drilled Utica wells have yet to be placed on production. 
Following the trail of "monster" Utica wells leads out of Carroll County, center of Utica pioneer Chesapeake Energy's efforts, and south into Harrison, Belmont, Monroe and Noble counties. 
In November, Chesapeake reported it had drilled 377 Utica wells, almost all in Carroll County, with 169 wells on production and another 208 waiting for completion and a pipeline. 
Chesapeake said the average peak production for its 63 new wells in the third quarter of last year was 6.6 Mcfe/d.
Click here to continue reading about this.

Connect with us on Facebook and Twitter!

No comments :

Post a Comment

Follow by Email