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Tuesday, December 9, 2014

ODNR Releases Third Quarter Production Numbers for Oil and Gas

From an ODNR press release:
Horizontal well gas production increased 49 percent from second quarter production 
COLUMBUS, OH – During the third quarter of 2014, Ohio’s horizontal shale wells produced 3,013,667 barrels of oil and 132,017,386 Mcf (132 billion cubic feet) of natural gas, according to figures released today by the Ohio Department of Natural Resources (ODNR). Oil increased by more than 546,000 barrels and gas by more than 43 billion cubic feet compared to the second quarter of 2014. By comparison, 248 horizontal shale wells in the third quarter of 2013 produced 1,335,326 barrels of oil and 33,632,889 Mcf (33 billion cubic feet) of natural gas. 
The report lists 717 wells, 674 of which reported production results. Forty-three wells reported no production as they are waiting on pipeline infrastructure. Of the 674 wells reporting production results: 
-The average amount of oil produced was 4,471 barrels. 
-The average amount of gas produced was 195,871 Mcf. 
-The number of days in production ranged from one to 92, and the average number of days in production was 75. There were 529 wells that produced for at least 60 days. 
-The highest producing oil well was the CNX Gas Company’s “Reserve Coal Properties Co., NBL19CHSU” well in Noble County at 50,159 barrels of oil in 86 days of production. The highest producing natural gas well was the Antero Resources “Gary Unit, 3H” well in Monroe County at 1.7 billion cubic feet during 90 days of production. 
All horizontal production reports can be accessed at: 
oilandgas.ohiodnr.gov/production
Ohio law does not require the separate reporting of Natural Gas Liquids (NGL). Gas reporting totals listed on the report include NGLs. 
Through November, 627 horizontal shale permits have been issued in 2014, which is right on target with the ODNR Division of Oil and Gas Resources Management’s forecast of 700 for the year. There were 583 horizontal shale permits issued in 2013.
We will have more breakdowns on the numbers later today.

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