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Wednesday, February 25, 2015

Number of Utica Shale Wells in Production Continues to Increase on Latest Report

The latest weekly permitting update from the Ohio Department of Natural Resources shows that permitting continues despite the oil prices being down, and it also reveals that more and more Utica shale wells are going into production with each week that passes.

16 new permits were issued last week.  Nine of those wells are in Noble County's Marion Township.  Five permits were issued to Antero Resources for drilling in Monroe County.  Rounding out the report were Belmont and Guernsey counties, which each saw one new well permitted.

The total number of permits issued for horizontal drilling in Ohio's Utica shale has now increased to 1,824.  The number of wells drilled increased by 14 to 1,370.  But perhaps most noteworthy about the latest report is the number of producing wells.  There was a big jump of 54 from last week's total of 762, with the total at the end of the week standing at 816.  The Utica rig count decreased by two, falling to 37.

View the report below (or click here to open it in a new window):


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