Ohio Utica 1Q24 Numbers – Encino Dominates with 51% of Oil Prod.
The Ohio Department of Natural Resources (ODNR) released production numbers for the first quarter 2024 yesterday. Oil production, led by Encino Energy wells, is the headline news. Oil production from Encino represented 51.3% of all Ohio Utica oil production in 1Q. Ascent Resources was the next closest oil producer, with 21.8% of Utica oil produced. As for natural gas, Ascent Resources dominated with 42.8% of all Ohio Utica natgas production. In the number two slot was Gulfport Energy with 17.6% of natgas production, followed closely by Encino with 16.0% of natgas production. Below, we have lists of the top 25 gas and oil wells by production in 1Q24, along with charts showing gas and oil production by both drillers and by county. You’ll only find this news (and this level of detail) here on MDN.
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Two weeks ago, the bottom pretty much fell out of the U.S. rig count, both nationally and for the Marcellus/Utica region. We hit new lows for both counts (see 
The U.S. Energy Information Administration (EIA) forecasts that the natural gas consumed for electricity generation this summer in the United States will reach near (or match) the record high set last year. In the agency’s May 2024 Short-Term Energy Outlook (STEO), EIA forecasts natural gas consumed to generate electricity will average 44.7 billion cubic feet per day (Bcf/d) in the U.S. during the peak summer months of June through August, matching the record high set in the summer of 2023. Over the past few years, the balance of sources of electricity generation in the United States — especially in the summer — has shifted to more renewables and natural gas and less coal.
In 2020, Congress mandated a report from the National Academies of Sciences, Engineering, and Medicine to assess the U.S. Coast Guard’s ability, methods, and role in conducting the certificate of compliance (COC) program for the foreign-flag tanker ships known as liquefied gas carriers (LGCs) and to consider the need for statutory reforms. The National Academies released its report yesterday with recommendations for how the Coast Guard can and should update its LNG carrier certification program.
Yeah, the bottom pretty much fell out of the rig count last week, both nationally and for the Marcellus/Utica region. We’re hitting new lows with both counts. For the M-U, Pennsylvania stayed the same with 21 active rigs, but Ohio lost one rig, and West Virginia lost two rigs last week, for a net loss of three — 37 active rigs across the region, the lowest in more than a year. The national rig count hit 600 last week, the lowest it has reached since January 2022. Ugh.
The left constantly spins false media narratives as a form of psychological operation (psyops) to discourage those of us who support the fossil fuel industry. Our good friend Tom Shepstone, who writes the 
We’ve had more than a few MDN readers pass along links from recent mainstream media stories about the treasure trove of lithium available “beneath Pennsylvania” in the state’s brine (shale wastewater) production. Which makes us a little bit crazy and amuses us at the same time because we’ve been reporting on this story since 2019! In October 2019, Eureka Resources, which operates three frack wastewater treatment facilities in the Marcellus Shale (and is building a fourth facility in Dimock, PA), began extracting lithium from Marcellus wastewater at one of its plants in Bradford County, PA (see 
Last week, the Baker Hughes U.S. rig count added a single rig, now up to 604 active rigs. Since last October, the national count had gone as low as 616 and as high as 629, and that was it — a fairly narrow band. That is, until a month ago when it crashed through the floor and went lower, down to 613. Then, three weeks ago, it was down to 605. Two weeks ago, it went even lower, down to 603, the lowest since January 2022 (see 
The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for May, issued Monday (below), shows EIA believes shale gas production across the seven major plays tracked in the monthly DPR for June will decrease production from the prior month of May. This is the eleventh month in a row that EIA has predicted shale gas production will decrease for the combined seven plays and (according to Reuters) will hit the lowest production level in five months. However, gas production won’t decrease everywhere. Gas-focused plays like the Marcellus/Utica and the Haynesville will see the most significant drop in production (a combined loss of 443 MMcf/d). In contrast, the oily Permian play will see a massive boost in the production of “associated” natural gas — the gas that comes out of the ground along with oil — up 143 MMcf/d. The Permian also adds another 18,000 barrels per day of oil production in June.
