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Tuesday, June 2, 2015

Digging Into the 1st Quarter 2015 Utica Shale Production Data

The Ohio Department of Natural Resources has released production data for the Utica shale during the first quarter of 2015, and the numbers continued to rise despite the downturn in the industry.

As always, we are bringing you an in-depth look at the figures.  First, here is a comparison of the quarterly data during the past 5 quarters.  One quick note: in the past we have figured our rates of production per well by calculating using the full number of wells on the report, but starting with this quarter we will figure these numbers including only the wells that actually have some production data.  These comparative numbers in the first chart have been updated to reflect that adjustment.


QUARTER# OF WELLS/# WITH DATAOILGASDAYSOIL/DAYOIL/WELLGAS/DAYGAS/WELL
2014-1 476/4181,950,97967,333,94528,019704,6672,403161,086
2014-2562/5042,467,28388,673,74137,922654,8952,338175,940
2014-3717/6743,013,667132,017,38650,858594,4712,596195,871
2014-4828/7793,558,836164,815,00862,527574,5682,636211,573
2015-1926/8774,401,687183,585,25569,745635,0192,632209,333

So, while increased production continues, the rate of increase in gas production slowed from the previous quarterly report.  There was a 24.8% increase in gas production from 2014 quarter 3 to quarter 4, down to 11.4% increase this quarter.  Oil production increased at a higher rate, though, with about an 18 percent increase in oil production from 2014 quarter 3 to quarter 4, compared to a 23.6% increase in quarter 1 of this year.

Here is a comparison showing the numbers in 2015 to date next to yearly production from 2011-2014.


YEAROILGAS
201146,3262,561,524
2012635,87412,831,292
20133,677,734100,119,054
201410,990,765452,840,080
2015 1Q4,401,686183,585,255
TOTALS19,752,385751,937,205

Next up are two tables.  The first lists the quarter's top 10 oil-producing wells in the Utica shale, and the second lists the top 10 gas-producing wells in the Utica shale.


OPERATORCOUNTYWELL NAMEWELL NO.OILDAYS
ANTERO RESOURCES CORPORATIONNOBLEFRAKES UNIT2H50,464 90
AMERICAN ENERGY UTICA LLCGUERNSEYLAKE WEST LND GR2H40,683 80
AMERICAN ENERGY UTICA LLCGUERNSEYSHUGERT DADDY E WLS GR5H38,860 89
AMERICAN ENERGY UTICA LLCGUERNSEYLAWSON LND GR2H37,178 64
AMERICAN ENERGY UTICA LLCGUERNSEYSHUGERT DADDY WLS GR3H36,753 89
PDC ENERGY INCGUERNSEYDYNAMITE4-H36,558 90
AMERICAN ENERGY UTICA LLCGUERNSEYSHUGERT DADDY WLS GR1H35,948 89
AMERICAN ENERGY UTICA LLCGUERNSEYLAWSON LND GR4H34,912 63
AMERICAN ENERGY UTICA LLCGUERNSEYLAKE LND GR4H34,841 84
AMERICAN ENERGY UTICA LLCGUERNSEYLAWSON LND GR6H34,234 63



OPERATORCOUNTYWELL NAMEWELL NO.GASDAYS
RICE DRILLING D LLCBELMONTBLUE THUNDER10H1,412,570 90
RICE DRILLING D LLCBELMONTBLUE THUNDER12H1,411,895 90
RICE DRILLING D LLCBELMONTBIGFOOT9H1,409,836 90
ANTERO RESOURCES CORPORATIONMONROEDK CARPENTER UNIT1H1,316,064 90
ANTERO RESOURCES CORPORATIONMONROEKEYLOR UNIT1H1,284,920 90
ANTERO RESOURCES CORPORATIONNOBLEGRAVES UNIT1H1,238,017 90
ECLIPSE RESOURCES I LPMONROESHROYER UNIT4H1,202,513 90
ANTERO RESOURCES CORPORATIONMONROEMCDOUGAL UNIT1H1,149,948 90
ANTERO RESOURCES CORPORATIONMONROEFRANKLIN UNIT3H1,131,113 90
ANTERO RESOURCES CORPORATIONMONROEDK CARPENTER UNIT2 H1,125,178 90

There continues to be interesting changes in the top oil wells from one quarter to the next.  In the 4th quarter of 2014 Guernsey County had the top 3 oil-producing wells (they all reappear in the top 10 wells of 2015 quarter 1), but all of the other wells in the top 10 were in other counties.  6 of the 10 wells on that previous report were in Carroll and Harrison counties, while no wells from those two counties appear in the top 10 wells on this latest report.  As far as gas production, Monroe and Belmont counties continue to dominate the top of the list of the most productive wells.

Here is a table showing the production totals and rates, broken down by county.


COUNTY# OF WELLS/# WITH DATAOILGASDAYSOIL/DAYOIL/WELLGAS/DAYGAS/WELL
BELMONT79/7655,307 44,183,745 5,880 97287,514581,365
CARROLL361/3571,302,403 51,765,751 29,298 443,6481,767145,002
COLUMBIANA61/5177,805 8,802,202 4,224 181,5262,084172,592
COSHOCTON1/1942 4,649 90 10942524,649
GUERNSEY85/831,253,717 9,024,308 6,086 20615,1051,483108,727
HARRISON151/1451,115,826 25,253,942 11,290 997,6952,237174,165
JEFFERSON16/8108 1,461,544 616 0.1142,373182,693
MAHONING13/118,485 1,471,773 950 97711,549133,798
MONROE59/5429,821 23,982,874 4,138 75525,796444,127
MORGAN2/217,940 119,879 178 1018,97067359,940
MUSKINGUM1/1873 9,964 90 108731119,964
NOBLE71/70512,859 16,848,246 5,532 937,3273,046240,689
PORTAGE4/1133 16,130 77 213320916,130
STARK2/21,374 29,075 134 1068721714,538
TRUMBULL7/73,590 201,681 598 651333728,812
TUSCARAWAS5/314,659 52,173 192 764,88627217,391
WASHINGTON8/55,845 357,319 372 161,16996171,464
TOTALS/AVGS926/8774,401,687 183,585,255 69,745 635,0192,632209,333

Below there are two graphs, showing the difference in daily oil and gas production rates among Ohio counties.



Next, you can find below production data broken down by operator.  Following that are two more graphs, again comparing daily oil and gas production among operators.


OPERATOR# OF WELLS/# WITH DATAOILGASDAYSOIL/DAYOIL/WELLGAS/DAYGAS/WELL
AMERICAN ENERGY UTICA LLC46/36507,7805,101,7302,38621314,1052,138141,715
ANTERO RESOURCES CORPORATION63/63353,79226,179,6735,507645,6164,754415,550
ARTEX OIL COMPANY6/54,534100,0654041190724820,013
ATLAS NOBLE LLC12/820,350917,963720282,5441,275114,745
CARRIZO (UTICA) LLC2/129,48708435129,48700
CHESAPEAKE APPALACHIA LLC2/00000000
CHESAPEAKE EXPLORATION LLC475/4591,809,08170,231,94437,320483,9411,882153,011
CHEVRON APPALACHIA LLC3/316,58457,917193865,52830019,306
CNX GAS COMPANY LLC30/28167,2964,206,1081,854905,9752,269150,218
ECLIPSE RESOURCES I LP40/40449,5218,600,7562,89215511,2382,974215,019
EM ENERGY OHIO LLC1/11,71586,323121431,7157,19486,323
ENERVEST OPERATING L5/518,20385,992450403,64119117,198
EQT PRODUCTION COMPANY6/621,856230,086530413,64343438,348
GULFPORT ENERGY CORPORATION109/106473,89443,314,4468,335574,4715,197408,627
HALCON OPERATING COMPANY INC8/85,054238,402688763234729,800
HALL DRILLING LLC (OIL & GAS)1/10508,25990005,647508,259
HESS OHIO DEVELOPMENTS LLC29/28119,6838,005,4111,896634,2744,222285,908
HILCORP ENERGY COMPANY8/801,482,124717002,067185,266
MOUNTAINEER KEYSTONE LLC2/00000000
NGO DEVELOPMENT CORP.1/19424,6499010942524,649
PDC ENERGY INC19/19185,1941,064,7211,6871109,74763156,038
R E GAS DEVELOPMENT LLC31/31190,5184,072,9072,751696,1461,481131,384
RICE DRILLING D LLC5/505,354,4943500015,2991,070,899
STATOIL USA ONSHORE PROP INC5/47,2880441661,82200
TRIAD HUNTER LLC12/78,9042,602,374416211,2726,256371,819
XTO ENERGY INC.5/410,0101,138,911329302,5033,462284,728
TOTALS926/8774,401,686183,585,25569,745635,0192,632209,333





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