Utica Shale Has a New Alpha Dog in the Shugert Well

From The Intelligencer/Wheeling News-Register:
A Chesapeake Energy Utica Shale well in Harrison County yielded an average of 7.69 million cubic feet of natural gas per day during 2011, a number that seemed fairly high when reported earlier this year.
Now, however, Oklahoma City-based Gulfport Energy Corp. has more than doubled that amount with a peak production level of 20 million cubic feet of gas per day from a well drilled in the western Belmont County area commonly known as Egypt Valley. The well is in the name of Shugert. In addition to the dry methane portion of the natural gas stream, Gulfport officials said this well also produced a peak level of 2,002 barrels per day of natural gas liquids, which include ethane, propane, butane and pentane.
Though not as large as some other companies pursuing Belmont County's gas reserves, such as Exxon Mobil, Hess Corp. and Chesapeake, Gulfport is a publicly traded company on the New York Stock Exchange. According to the Gulfport website, the company's other operational areas include southern Louisiana, the Canadian oil sands, northern Thailand and Belize.
Read the rest of the article here.

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