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Tuesday, June 16, 2015

Rig Count Slips Farther, Permitting Slows More in Utica Shale Last Week

Utica shale permitting had been picking up recently, but the latest Ohio Department weekly report reveals that it was on the decline again last week.

Only five new permits were issued during the week ending June 13.  4 of those permits went to Chesapeake for wells in Harrison County.  The only other permit was issued to Halcon for a well in Trumbull County.

The slow week brings the cumulative totals to 1,932 wells permitted, 1,504 wells drilled, and 904 wells producing.  The Utica rig count slipped as low as it has been in a very long time, all the way down to 18.

View the report below.


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