During the second quarter of 2016, Ohio’s horizontal shale wells produced 4,839,792 barrels of oil and 334,257,982 Mcf (334 billion cubic feet) of natural gas, according the figures released today by the Ohio Department of Natural Resources (ODNR). Natural gas production from the second quarter of 2016 showed an increase over the second quarter of 2015, while oil production was reduced for that same period.
The numbers aren't surprising, as oil production declines in response to the current economic challenges facing the industry.
2015 QUARTER 2 (SHALE) 2016 QUARTER 2 (SHALE) PERCENTAGE CHANGE Barrels of oil 5,955,042 4,839,792 (18.73%) Mcf of natural gas 221,914,394 334,257,982 50.62%
The ODNR quarterly report lists 1,415 horizontal shale wells, 1,362 of which reported oil and natural gas production during the quarter. Of the 1,362 reporting oil and natural gas results:
All horizontal production reports can be accessed at oilandgas.ohiodnr.gov/production.Ohio law does not require the separate reporting of Natural Gas Liquids (NGLs) or condensate. Oil and gas reporting totals list on the report include NGLs and condensate.
We will have our full breakdown of the data coming on Monday.
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