Value of OH’s Oil & Gas Production a Straight Line Up in 2014

Last Friday the Ohio Dept. of Natural Resources (ODNR) released their annual report on Ohio’s extraction/mineral industries, including the oil and gas industry. The report, titled “2014 Report on Ohio Mineral Industries: An Annual Summary of the State’s Economic Geology” (full copy below) contains precisely five pages of interest to MDN readers. But those five pages, which detail what happened (and where) in Ohio oil and gas during 2014, are loaded with good information. For example, natural gas production in Ohio in 2014 was 512,964,465 thousand cubic feet (Mcf), a 207% increase from 2013. The dollar value of natural gas produced in Ohio in 2014 was $1,939,005,678, an increase of 229% from 2013. The report has one page detailing how many wells were drilled by rock layer/resource play. Unsurprisingly the Utica/Point Pleasant shale layer was the most-drilled layer, with (as of the end of 2014) 521 wells drilled. The second most-drilled layer was the Clinton-Medina sandstone layer, with 92 wells drilled…

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