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Wednesday, March 12, 2014

Oil & Natural Gas Production Doubled in Ohio Last Year

From Energy in Depth:
In 2013, Ohio permitted a total of 1,000 wells, an 11 percent increase from the year before.  Of those 1,000 wells permitted, 580 were completed in 2013 – nearly 300 of which were Utica and Marcellus wells in Ohio.  Carroll County led the state in completed wells with 113 wells, while Harrison County came in second with 40 wells completed. Chesapeake Energy remains the lead operator in the state, developing 159 wells in 2013.
The report also found Ohio’s oil and natural gas production doubled in 2013, with an estimated 9.7 million barrels of oil and over 203 billion cubic feet of natural gas.  In 2012, Ohio produced close to 4.9 million barrels of oil and 83.4 billion cubic feet of natural gas. By the end of 2014, the report estimated that Ohio will be producing over 300 billion cubic feet of natural gas per year from wells in all formations.
The good news caught the attention of U.S. Congressman Bob Latta (R-OH), member of the House Energy and Commerce Committee, who hailed the good news in a press release.
Read the entire article here.

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