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Monday, January 5, 2015

Looking South: Utica Shale Counties to Watch This Year

From Energy in Depth:
As EID reported last week, Monroe, Belmont, and Noble Counties are clear up and comers in the Utica Shale play in Ohio. In fact, in our report, we announced that Antero Resources’ Gary 3H well in Monroe County made Ohio history by being the largest producing natural gas well on record in the state. 
Today, we learned that just across the river, a new record was set by Range Resources with their natural gas Utica/Point Pleasant well in Washington County, Pennsylvania. The record was actually for the entire Appalachia Basin, marking the highest initial production rate of of any Utica well drilled so far. 
On the heels of the production numbers, EID did some more research into the shifting Utica Shale landscape in Ohio, and there are some very important trends emerging as we head into 2015. 
An outsider may take a simple glance at the map showing the status of Utica horizontal wells through the end of November, which would lead you to believe that the play is still largely around the Carroll County area. However, when you take a closer look at the 2014 third quarter Utica well production numbers, coupled with the record wells noted above, it’s clear the play is trending south.
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