Harrison County, OH Hauls in $1.6M in 2 Weeks from Utica Leases
Even though the price of oil and natural gas is depressed, there are still lease deals happening–particularly in the Ohio Utica Shale region–that make your eyes pop out. Whoops! Just had to put an eyeball back in. It popped out at the latest lease numbers coming from Harrison County, OH where they’ve taken in $1.6 million over the past couple of weeks…
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Calling OH Gov. John “foreigner hunter” Kasich. We have an infraction! Quick! You’re needed, stat. Word has leaked out that MarkWest Energy has not only reduced the number of union members they’re using on jobs in Harrison County, OH, they’re using non-union (gasp) out-of-state workers–from exotic places like Texas and Louisiana and Oklahoma. Those places have been defined by John Kasich as “foreign” locations (i.e. non-Ohio). Periodically the jingoist-in-chief gets on his high horse and goes riding after those darned foreigners (see
Some encouraging numbers from a set of well pads in the Ohio Utica Shale from Eclipse Resources. Eclipse’s Shroyer well pad in Eastern Monroe County, OH has two wells producing a combined 42.5 MMcf/d–VERY healthy initial production numbers and something to crow about. They also have a 5-well pad, the Mizer pad in Central Harrison County, OH, that’s producing a combined 10.1 MMcf/d of natural gas and approximately 1,800 Bbl/d of condensate. Not much in the way of methane but a decent amount of condensate production. How do the two sets of wells stack up against each other? Let’s run the economic numbers for Eclipse on the methane only vs condensate wells. Which do you think earns them more money?…