Last week the Ohio Oil & Gas Association (OOGA) held its 70th annual Winter Meeting in Columbus. One of the speakers was Martin Shumway, president of Shumway Resources–an engineering/geophysical consulting firm that specializes in the Appalachian Basin. Shumway shared details from the latest DeBrosse Memorial Report (full copy below). What does the report show for 2016? There were 620 oil and gas wells completed last year, of which 77% were Utica wells. Belmont Count saw the most wells drilled (120) with the most drilled footage (1.94 million vertical+lateral feet). Chesapeake Energy drilled the most wells last year in Ohio (99 wells), although that number is down 31% from 2015. The #2, #3 and #4 drillers last year were close: Ascent Resources, drilled 66 wells; Antero Resources drilled 64 wells; and Gulfport Energy drilled 62 wells. This is one of our favorite Ohio Utica reports each year, have a look…
Last week the Ohio Oil & Gas Association (OOGA) held its 70th annual Winter Meeting in Columbus. One of the speakers was Martin Shumway, president of Shumway Resources–an engineering/geophysical consulting firm that specializes in the Appalachian Basin. Shumway shared details from the latest DeBrosse Memorial Report (full copy below). What does the report show for 2016? There were 620 oil and gas wells completed last year, of which 77% were Utica wells. Belmont Count saw the most wells drilled (120) with the most drilled footage (1.94 million vertical+lateral feet). Chesapeake Energy drilled the most wells last year in Ohio (99 wells), although that number is down 31% from 2015. The #2, #3 and #4 drillers last year were close: Ascent Resources, drilled 66 wells; Antero Resources drilled 64 wells; and Gulfport Energy drilled 62 wells. This is one of our favorite Ohio Utica reports each year, have a look…