OH Utica Production for 2Q15 Breaks Record – Highest in 100 Years!
Yesterday the Ohio Dept. of Natural Resources (ODNR) released quarterly production numbers for second quarter 2015 for OH’s Utica oil and gas wells. The report shows 5.6 million barrels of oil and 221 billion cubic feet of natural gas were produced in 2Q15. According to the ODNR, these numbers break all previous production reporting records for the last 100 years! Numbers for 1Q15, by comparison, were 4.4 million barrels of oil and 183.6 billion cubic feet of natural gas. Below we have the ODNR’s high level overview of the numbers, along with our own analysis showing: the top 25 producing gas wells, the top 25 producing oil wells, and then the top 25 gas and oil wells as ranked by average production per day. There is a difference! The longer an oil or gas well is online, the less it produces. Newer wells produce more. So we show you which wells are not just producing the most quantity overall, but which wells are producing at the fastest (most productive) rates--even if they haven’t yet been online a full three months (91 days). We also include a link to the complete list of 1,020 wells that had at least some Utica oil or gas production in 2Q15 in a more usable format than that provided by the ODNR...
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