EnLink Launches 1 Month Open Season for ORV Condensate Pipeline
In August, MDN told you about EnLink Midstream’s newly planned condensate pipeline. The Ohio River Valley (ORV) Pipeline, as it’s called, will connect to EnLink’s existing 200-mile pipeline in eastern Ohio and West Virginia, providing drillers in the region access to markets through EnLink’s Bells Run barge facility and Black Run rail terminal (see EnLink Midstream Announces New Condensate Pipeline in ORV). The OVR Pipeline, expected to be completed in the second half of 2015, will have an initial capacity of approximately 50,000 barrels per day (bpd). Yesterday EnLink announced a binding open season for the pipeline–the time when drillers and other customers can sign up to reserve capacity on the new pipeline…
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On Saturday, Triad Hunter, wholly-owned drilling subsidiary of Magnum Hunter Resources, lost control of a Utica Shale well in Monroe County, OH. The well had been drilled and temporarily plugged as the company planned to drill three more wells at the pad. However, “the well began to flow uncontrollably while recommencing production operations” according to a statement released by Magnum Hunter. Well pad personnel along with 28 homes located within a mile and a half were evacuated. Wild Well Control of Houston has been contacted and (presumably) now on site to contain the well. No injuries have been reported…
A couple of nifty maps to share with you, courtesy of the Ohio Dept. of Natural Resources. The ODNR recently updated their maps showing both Utica Shale activity (permitted, drilled, producing, etc.), and showing the same for Marcellus wells in Ohio. Yes! There are a few Marcellus wells in Ohio…
PDC Energy, with 67,000 acres of leases in Ohio’s Utica Shale, is not among the largest Utica drillers. But they’re by no means insignificant either. The company released their 2015 capital expenditure (capex) budget and production guidance yesterday. PDC says they will idle their single drilling rig in the Ohio Utica in 2015 and spend just $38 million in the Utica next year (compared to $190 million in 2014) to finish up several wells already begun. PDC says the price of natgas is just too darned low right now and that they will be back when the price goes up. (Our thought: PDC will have a long wait!) PDC is instead spending their money in the Niobrara Shale in Colorado–although the company plans to spend 14% less next year than they did this year…
On Friday the Ohio Dept. of Natural Resources (ODNR) released their quarterly production numbers for third quarter 2014 for OH’s Utica oil and gas wells. The report shows that oil production increased 22% over the previous quarter, and natural gas increased a whopping 48% over the previous quarter. Below we have the ODNR’s high level overview of the numbers, along with our own analysis showing: the top 10 producing gas wells, the top 10 producing oil wells, and then the top 10 gas and oil wells as ranked by average production per day. There is a difference! The longer an oil or gas well is online, the less it produces. Newer wells produce more. So we show you which wells are not just producing the most quantity overall, but which wells are producing at the fastest (most productive) rates–even if they haven’t yet been online a full three months (92 days). We also include the complete list of 673 wells that had at least some Utica oil or gas production in 3Q14 in a more usable format than that provided by the ODNR…