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Tuesday, December 13, 2016

ODNR Releases Third Quarter 2016 Utica Shale Production Data

From the ODNR:
During the third quarter of 2016, Ohio’s horizontal shale wells produced 3,954,095 barrels of oil and 360,681,356 Mcf (360 billion cubic feet) of natural gas, according the figures released today by the Ohio Department of Natural Resources (ODNR). Natural gas production from the third quarter of 2016 showed an increase over the third quarter of 2015, while oil production was reduced for that same period. 
 2015 QUARTER 3 (SHALE)2016 QUARTER 3 (SHALE)PERCENTAGE CHANGE
Barrels of oil5,994,6323,954,095(34.04%)
Mcf of natural gas247,541,749360,681,35645.71%

The ODNR quarterly report lists 1,492 horizontal shale wells, 1,464 of which reported oil and natural gas production during the quarter. Of the 1,464 reporting oil and natural gas results: 
  • The average amount of oil produced was 2,701 barrels.
  • The average amount of natural gas produced was 246,367 Mcf.
  • The average number of third 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 (NGLs) or condensate. Oil and gas reporting totals list on the report include NGLs and condensate.
We will have a more detailed look at the production figures ready soon.

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