Latest OH Production Numbers: Utica Wells Change the Picture

Yesterday, to much fanfare, the Ohio Dept. of Natural Resources (ODNR) announced the results of Ohio’s second quarter oil and natural gas production for unconventional (mostly Utica Shale) wells. During 2Q14 Ohio’s oil wells produced 2.5 million barrels of oil and Ohio’s gas wells produced 88 billion cubic feet of natgas. The ODNR press release also includes a few other bits of trivia like average well production numbers. Below is the trumpet blowing (deservedly so) from the ODNR on the latest round of numbers. They point out that “Horizontal wells [i.e. Utica wells] produced more gas in 3 months than all Ohio wells produced in 2012.” How cool is that?!…

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