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Monday, March 20, 2017

ODNR Releases 4th Quarter 2016 Utica Shale Production Figures

From an Ohio Department of Natural Resources news release:
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 oil6,380,1223,577,553(-43.93%)
Mcf of natural gas302,431,181345,241,75114.16%

Total production for the last two years, with the percent change in production from 2015 to 2016, can be found below: 
 2015 Shale2016 ShalePercentage Change
Barrels of oil23,054,42817,949,097(-22.14%)
Mcf of natural gas955,610,6951,370,220,83443.39%

The ODNR quarterly report lists 1,561 wells, 1,511 of which reported production. Of the 1,511 wells reporting production:
  • The average amount of oil produced was 2,392 barrels.
  • The average amount of gas produced was 228,664 Mcf.
  • The average number of fourth quarter days in production was 88.
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.

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