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Friday, September 2, 2016

ODNR Publishes Utica Shale Production Data for 2nd Quarter of 2016

From the Ohio Department of Natural Resources comes this press release:
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. 
 2015 QUARTER 2 (SHALE)2016 QUARTER 2 (SHALE)PERCENTAGE CHANGE
Barrels of oil5,955,0424,839,792(18.73%)
Mcf of natural gas221,914,394334,257,98250.62%

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:
  • The average amount of oil produced was 3,553 barrels.
  • The average amount of natural gas produced was 245,417 Mcf.
  • The average number of second quarter days in production was 87.

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.
The numbers aren't surprising, as oil production declines in response to the current economic challenges facing the industry.

We will have our full breakdown of the data coming on Monday.


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