Investors and those who watch the Utica Shale industry, including MDN, have long called on the Ohio Dept. of Natural Resources (ODNR) to abandon annual reporting of gas and oil production and instead move to a more frequent reporting system–quarterly would be about right. Late last year MDN prematurely told you quarterly reporting was on the way (see [Corrected] ODNR Moving to Quarterly Production Numbers for O&G). The state legislature took up the measure again earlier this year and made quarterly reporting part of the language in the 2013 Ohio budget bill (see Ohio Moves One Step Closer to Quarterly O&G Production Reports). The budget passed with quarterly reporting language intact.
Last Thursday, director of the ODNR, James Zehringer, along with the chief of the division of oil and gas operations for the ODNR, Rick Simmers, spoke at the Guernsey County Energy Coalition meeting. Simmers said starting in January 2014, Ohio drillers will be required to file quarterly production reports…
Investors and those who watch the Utica Shale industry, including MDN, have long called on the Ohio Dept. of Natural Resources (ODNR) to abandon annual reporting of gas and oil production and instead move to a more frequent reporting system–quarterly would be about right. Late last year MDN prematurely told you quarterly reporting was on the way (see 