Mouse Over to Stop Rotation & Read Ad

Monday, June 20, 2016

ODNR Publishes 1st Quarter 2016 Utica Shale Production Data

From the Ohio Department of Natural Resources:

"During the first quarter of 2016, Ohio’s horizontal shale wells produced 5,485,854 barrels of oil and 329,537,838 Mcf (329 billion cubic feet) of natural gas, according to figures released today by the Ohio Department of Natural Resources (ODNR).
Quarterly production from the first quarter of 2016 shows a significant increase from quarterly production from the first quarter of 2015.
2015 QUARTER 1 (SHALE)2016 QUARTER 1 (SHALE)INCREASE
Barrels of oil:4,432,1885,485,85424%
Mcf of gas:183,585,251329,537,83880%
The ODNR quarterly report lists 1,351 horizontal shale wells, 1,302 of which reported oil and gas production during the quarter. Of the 1,302 reporting oil and gas production results:
  • The average amount of oil produced was 4,213 bbls.
  • The average amount of gas produced was 253,101 Mcf.
  • The average number of first quarter days in production was 85.
All horizontal production reports can be accessed at oilandgas.ohiodnr.gov/production.
Ohio law does not require the separate reporting of Natural Gas Liquids (NGL) or condensate. Oil and gas reporting totals listed on the report include NGLs and condensate."

We will break down the data in our typical fashion in a later post, but a couple of quick notes: for the first time since the Utica shale boom started, oil production declined from the previous quarterly report. In the 4th quarter of 2015 there were 6,249,116 barrels of oil produced. Natural gas production did increase from the previous quarter.

Stay tuned for an in-depth look at the numbers tomorrow!

Connect with us on Facebook and Twitter!

No comments :

Post a Comment

Follow by Email