The Ohio Department of Natural Resources (ODNR) has released the 2012 well production report, according to the Penn State Extension.
ODNR Director James Zehringer, ODNR Chief of Oil & Gas Rick Simmers and JobsOhio Managing Director of Energy, Chemicals & Polymers David Mustine discussed the state of shale, wells and fracking in Ohio.
Production reports were submitted for 87 wells drilled and completed in the Utica/Point Pleasant formations. Of these, 65 were commercial producing wells, 19 were tested and shut-in and three were dry and abandoned.
None of the wells were produced for the entire year, with 74 of the wells producing for less than six months. Some of the wells have been choked because the lack of infrastructure at this time to transport the materials to marked, and thus production rates on producing wells could be higher in the future.
Zehringer stated that the future of the Utica shale looks very bright, and may surpass conventional oil and gas production as early as 2015.
The production report lists each well by company, production numbers and the days it has been producing. The report lists the driller, county, well name, the barrels of oil produced, gas produced by million cubic feet (MCF) and the number of days in production.
Mustine stated that major midstream investments currently total about $4 billion for facilities that will be long-term employers in the area. JobsOhio is also looking at several downstream opportunities, including CNG fleet conversion, chemical processing and boiler conversions.
The complete production report and additional information can be found on the ODNR Web site at http://oilandgas.ohiodnr.gov/.