Deep Utica Well Still Flowing 42 MMcf/d After 10 Months

The operator roundtable at THE SUMMIT: Appalachia on July 28 put three very different companies on the same stage — EQT, the biggest gas producer in the country; PennEnergy Resources, a private driller running three-quarters of a Bcf/d north of Pittsburgh; and Huntley & Huntley, an Armstrong County outfit that’s been at this since 1912. What came out of it was the most technically useful hour of the day: hard numbers on deep Utica well performance, a clear-eyed look at stacking the Upper Devonian, and a warning about who the antis are coming for next. MDN was an advertising partner for the event and obtained the transcripts with the organizer’s permission. This is the third of four articles chronicling the event. Yesterday we brought you EQT’s correction of the record (see EQT Exec Corrects the Record: We Never Said 100 Bcf/d of Demand). On Monday, we brought you comments made by former Senator Joe Manchin (see Manchin Tells Pittsburgh Crowd He Wrote the IRA in Secret). Tomorrow, our final installment will share with you which state mineral buyers say is “easy pickings.” Don’t miss it! Read More “Deep Utica Well Still Flowing 42 MMcf/d After 10 Months”

Earlier this month, MDN told you that the “deep Utica” was a hot topic at the recent Hart Energy DUG Appalachia Conference held in Pittsburgh in late August (see
Some interesting comments about the “deep” Utica Shale in Pennsylvania were made during last week’s Hart Energy DUG Appalachia event, held in Pittsburgh. Including this one, from Mike Hillebrand, CEO of Huntley & Huntley: “The deep Utica, watch out folks. The deep Utica will probably be the next up-and-coming deep shale play here in Pennsylvania.” Hillebrand also broke some big news by announcing Huntley & Huntley, which recently completed the sale of its Olympus Energy subsidiary to EQT for $1.8 billion, is working on its next startup, which will focus on “deep Utica and Tier II Marcellus.”