Utica Shale 3rd Quarter 2013 Production Report Show Major Gas Production in Belmont, Monroe Counties
We've had a little bit to look over some of the numbers from the production report released by the Ohio Department of Natural Resources for shale drillers in the third quarter of 2013, and here are some of the tidbits that jumped out. As was noted in the ODNR press release, the total production was 1,332,477 barrels of oil and 33,606,075,000 cubic feet of natural gas from 285 wells (only 245 of which reported production results). To put that in perspective, there were 87 wells reporting when the ODNR last gave us a production report. That report covered all of 2012, and for the entire year there were 635,896 barrels of oil and 12,836,662,000 cubic feet of natural gas produced. That means that over twice as much oil was produced from Ohio shale wells in the third quarter of this year than in all of last year. There was also 261% more natural gas produced in the third quarter of 2013 than in all of 2012. A couple further details: The top 5 wells for natural gas producti