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Chesapeake Says 3 OH Counties are “Core of the Core” in Utica
On the third quarter earnings call with analysts earlier this month, Chesapeake Energy officials were asked about the Utica Shale and their thoughts, now more than a year in, of how the Utica stacks up against the Eagle Ford, and how Chesapeake’s “core of the core” strategy is working in the Utica. Chesapeake CEO Aubrey McClendon answered the question this way, identifying the three counties in Ohio that are “the core of the core” for the company:
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A recent shale gas conference held in Cambridge, Ohio on Nov. 10 turned up some surprising and interesting facts. One of those facts: Almost 100 percent of the land in Carroll County has been leased for possible Utica shale drilling, or is being held by production.
Yesterday Gulfport Energy Corporation reported astonishing production results for it’s Utica Shale well Shugert 1-1H (in the town of Kirkwood, Belmont County, Ohio). The well tested at an initial rate of 20 million cubic feet of natural gas per day (Mmcf/d). It also produced an initial 144 barrels of condensate per day, and 2,002 barrels of natural gas liquids per day.
There’s a new “alpha dog” of Utica Shale wells in Ohio that’s upstaging Chesapeake Energy’s Buell well. The Gulfport Energy Wagner 1-28H well in Harrison County is producing an enormous amount of natural gas—record-breaking in fact.