During the fourth quarter of 2016, Ohio’s horizontal shale wells produced 3,577,553 barrels of oil and 345,241,753 Mcf (345 billion cubic feet) of natural gas, according to the figures released today by the Ohio Department of Natural Resources (ODNR).
2015 Quarter 4 (Shale) 2016 Quarter 4 (Shale) Percentage Change Barrels of oil 6,380,122 3,577,553 (-43.93%) Mcf of natural gas 302,431,181 345,241,751 14.16%
Total production for the last two years, with the percent change in production from 2015 to 2016, can be found below:
We will post a breakdown of this data as soon as we have finished parsing through it and put together our graphs and spreadsheets, which will include comparisons to previous quarters and years and a much closer look at the top wells and most productive areas in Ohio during the 4th quarter and full year of 2016.
2015 Shale 2016 Shale Percentage Change Barrels of oil 23,054,428 17,949,097 (-22.14%) Mcf of natural gas 955,610,695 1,370,220,834 43.39%
The ODNR quarterly report lists 1,561 wells, 1,511 of which reported production. Of the 1,511 wells reporting production:
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