Thursday, February 20, 2014
Number of Utica Wells Producing Takes Big Jump in Latest ODNR Update
The Ohio Department of Natural Resources has released the weekly permitting update for last week, and activity picked up considerably from the previous report.
While only 3 new permits were issued in the week of February 2-February 8, 17 new permits were issued last week. Leading the way was Belmont County, where 8 new permits were issued to Gulfport Energy. Next up was Harrison County, with 6 permits. Rounding out the activity were Monroe County, with 2 permits, and Carroll County, with one.
That brings the permit total to within striking distance of 1,100, with 1,093. The number of wells drilled is 737. The Utica rig count remained at 40.
The other big news is the number of producing wells, though, which jumped from 310 on the previous report to 367 on this latest one, which means that the number wells producing has nearly tripled since early September. The midstream infrastructure improvements are really beginning to make a difference.
Read the report here.
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