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Tuesday, January 13, 2015

Utica Shale Production Numbers Begin to Reveal Decline Curves of Play

From the Akron Beacon Journal:
In the world of shale gas in Ohio, the top-producing wells aren’t king of the hill for long. 
Take the Tippens 6HS well, for example. 
Located in Monroe County in southeastern Ohio, it produced more natural gas in the first quarter of 2014 than any other Utica Shale well in the state — some 1.117 billion cubic feet of the resource in 80 days, according to Ohio Department of Natural Resources records. That’s enough natural gas to fuel 12,000 houses for a year. 
But the well that gushed 13,972 thousand cubic feet of natural gas per day in the first three months of 2014 saw daily production drop 41 percent in the second quarter to 8,180 thousand cubic feet per day and another 26 percent in the third quarter to 6,015 thousand cubic feet per day. 
By autumn, the Tippens well was producing less than half the natural gas that it had during its peak output and slipped from No. 1 to No. 72. It went from being a stellar Ohio well to a good-producing well. 
Similar drops are showing up in nearly all of Ohio’s horizontally drilled natural gas wells.
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