Wednesday, September 10, 2014

Second Quarter Well Production in Ohio Way Up over First Quarter


Ohio’s horizontal shale wells produced almost 2.5 million barrels of oil and 88.6 billion cubic feet of natural gas during the second quarter, according to data from the state Department of Natural Resources. The numbers represented a 27 percent rise in oil and a 32 percent increase in natural gas over the first quarter. Brine production from the wells increased 20 percent to just under 1.4 million barrels. Of 562 wells listed during the second quarter, 504 reported production, while the rest waited to be connected to pipelines. The producing wells averaged: 4,895 barrels of oil. 176 million cubic feet of natural gas. 67 days in production. Antero Resources’ Myron well in Noble County produced the most oil with 78,309 barrels during 91 days. Hall Drilling’s Hercher North well in Monroe County produced the most natural gas with 1.4 billion cubic feet during 91 days. Joseph BaronePresidentShaleDirectories.com 610.764.1232 jbarone@shaledirectories.com www.shaledirectories.com The p
http://www.shaledirectories.com/blog/second-quarter-well-production-ohio-way-first-quarter/

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