Rice Energy 2Q14: Marcellus Prod Up 84%, Utica Bigfoot Blockbuster

Rice Energy, a small but rapidly growing and important driller in the Utica and Marcellus, issued their second quarter financial and operational update yesterday. Rice reports gas production for 2Q14 averaged 241 million cubic feet per day (virtually all of it from their Marcellus wells)–up 84% from the same period last year. Rice has drilled perhaps the most productive well in the Utica Shale–the Bigfoot 9H, a 6,950 foot lateral with 40 frac stages located in Belmont County, OH. Rice says the Bigfoot well has so far produced a total of 676 million cubic feet of natgas and continues to flow at a restricted rate of 14 MMcf/d. Truly impressive numbers. Here’s more impressive numbers from Rice…

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