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Tuesday, July 26, 2016

Utica Shale Rig Count Jumps on Latest ODNR Permitting Report

Activity finally may be picking back up in the Utica shale, according to the latest weekly permitting update from the Ohio Department of Natural Resources.

The Utica shale rig count has been on steady decline for many months now, but is showing signs of recovery lately.  This week saw it jump to 16, the highest total since early in March of this year.

In addition to the rig count increase, the total number of wells permitted has now gone over 2,200 for the first time with the addition of 7 new permits listed last week.  It stands at 2,201, with 1,763 wells drilled and 1,347 producing.

View the report below or by clicking here.


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