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Thursday, July 12, 2018

ODNR Releases First Quarter 2018 Utica Shale Production Data

From the Ohio Department of Natural Resources:
During the first quarter of 2018, Ohio’s horizontal shale wells produced 3,942,251 barrels of oil and 531,291,017 Mcf (531 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 first quarter of 2018 showed an 42.85% increase over the first quarter of 2017, while oil production decreased by 3.6% for the same period. 
 2017 Quarter 1 (Shale)2018 Quarter 1 (Shale)Percentage Change
Barrels of oil4,090,500 bbl3,942,251 bbl(3.62%)
Mcf of natural gas371,921,659 Mcf531,291,017 Mcf42.85%

The ODNR quarterly report lists 1,949 horizontal shale wells, 1,909 of which reported oil and natural gas production during the quarter. Of the wells reporting oil and natural gas results: 
  • The average amount of oil produced was 2,066 barrels.
  • The average amount of gas produced was 278,454 Mcf.
  • The average number of third quarter days in production was 86.

All horizontal production reports can be accessed at http://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 our detailed look at the figures coming soon!!

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