The Ohio Dept. of Natural Resources (ODNR) has just issued production numbers for the second quarter of 2017. In a pattern that keeps repeating, oil production was down in 2Q17, down 17% from the same quarter in 2016. However, that’s an improvement from 1Q17 when oil production was down 29% from the year before, and 4Q16 when oil production was down 44% from the year before. So oil is down, percentage-wise, but down less than last quarter. The good news continues to be natural gas production, which was up 16% over the same period in 2016. In 1Q17 natgas production was up 13% over the same period in 2016. Eclipse Resources once again dominated with four of the top 5 spots on the natural gas production list, all of those wells drilled in Monroe County. Ascent Resources continued to dominate oil production with 17 of the top 25 most productive wells. Eclipse had the #2 most productive oil well, the first time the record-breaking Purple Hayes (at one time the longest on-shore lateral well in the world) has slipped from it’s #1 spot since it went online in 2016. Below we have the ODNR’s high level overview of the numbers, along with MDN’s own exclusive 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 Ohio Dept. of Natural Resources (ODNR) has just issued production numbers for the second quarter of 2017. In a pattern that keeps repeating, oil production was down in 2Q17, down 17% from the same quarter in 2016. However, that’s an improvement from 1Q17 when oil production was down 29% from the year before, and 4Q16 when oil production was down 44% from the year before. So oil is down, percentage-wise, but down less than last quarter. The good news continues to be natural gas production, which was up 16% over the same period in 2016. In 1Q17 natgas production was up 13% over the same period in 2016. Eclipse Resources once again dominated with four of the top 5 spots on the natural gas production list, all of those wells drilled in Monroe County. Ascent Resources continued to dominate oil production with 17 of the top 25 most productive wells. Eclipse had the #2 most productive oil well, the first time the record-breaking Purple Hayes (at one time the longest on-shore lateral well in the world) has slipped from it’s #1 spot since it went online in 2016. Below we have the ODNR’s high level overview of the numbers, along with MDN’s own exclusive 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…