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Wednesday, December 20, 2017

ODNR Releases Third Quarter 2017 Utica Shale Production Data

From an ODNR news release:
During the third quarter of 2017, Ohio’s horizontal shale wells produced 4,165,729 barrels of oil and 460,558,077 Mcf (460 billion cubic feet) of natural gas, according to the figures released today by the Ohio Department of Natural Resources (ODNR).Natural gas production from the third quarter of 2017 showed an increase over the third quarter of 2016, while oil production also increased by nearly 3% for the same period. 

2016 Quarter 3 (Shale)
2017 Quarter 3 (Shale)
Percentage Change
Barrels of Oil
4,045,898 bbl
4,165,729 bbl
2.96%
Mcf of Natural Gas
361,184,697 mcf
460,558,077 mcf
27.51%
The ODNR quarterly report lists 1,796 horizontal shale wells, 1,760 of which reported oil and natural gas production during the quarter. Of the 1,760 reporting oil and natural gas results: 
•             The average amount of oil produced was 2,367 barrels.•             The average amount of natural gas produced was 261,681 Mcf.•             The average number of third quarter days in production was 88. 
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'll have our breakdown of the data later this week!

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