Mouse Over to Stop Rotation & Read Ad

Tuesday, June 13, 2017

ODNR Releases 1st Quarter 2017 Utica Shale Production Figures

From the Ohio Department of Natural Resources:
During the first quarter of 2017, Ohio’s horizontal shale wells produced 3,904,732 barrels of oil and 371,921,659 Mcf (371 billion cubic feet) of natural gas, according the figures released today by the Ohio Department of Natural Resources (ODNR). Natural gas production from the first quarter of 2017 showed an increase over the first quarter of 2016, while oil production was reduced for that same period. 

2016 QUARTER 1 (SHALE)
2017 QUARTER 1 (SHALE)
PERCENTAGE CHANGE
Barrels of oil
5,485,854
3,904,732
(28.82%)
Mcf of natural gas
329,537,838
371,921,659
12.86% 
The ODNR quarterly report lists 1,613 horizontal shale wells, 1,560 of which reported oil and natural gas production during the quarter. Of the 1,560 reporting oil and natural gas results:
  • The average amount of oil produced was 2,503 barrels.
  • The average amount of natural gas produced was 238,411 Mcf.
  • The average number of first quarter days in production was 86.
We will have our breakdown of the production data published as soon as it's ready!

Connect with us on Facebook and Twitter!

No comments :

Post a Comment

Follow by Email