Statewide OH

Reuters continues to pile on the bash-Utica bandwagon after the release last week of what MDN termed “disappointing” initial production numbers from the Ohio Utica Shale. MDN tried to keep perspective and provide context to the numbers in our Friday article (see OH 2012 Utica Production: A Slow Start, but Still Hopeful). However, Reuters (not for the first time) is doing their best to burst the bubble on what they call a “wave of euphoria” over shale plays like the Utica:
Read More “Reuters Says ND Pumps More Oil in 1 Day than OH Did in All 2012”

Ohio finally released 2012 Utica Shale production numbers for oil and gas yesterday. It’s tough to summarize those numbers in a simple statement, but if we had to, we’d say “disappointing.” The total production numbers are quite a bit lower than we had expected–12.8 billion cubic feet of natural gas & NGLs produced for the year, and almost 636,000 barrels of oil, from 87 producing wells. The question is, why was it not more? The short answer, we believe, is “lack of infrastructure.” It was not from “lack of performance” by the wells themselves, some of which turned in very good numbers.

MDN has embedded a copy of the numbers below as reported by the ODNR (with two extra rows in the data provided by MDN). We’ll report what the Ohio Dept. of Natural Resources said about the numbers, what others have had to say, and then give you our take on the numbers. Buckle up!
Read More “OH 2012 Utica Production: A Slow Start, but Still Hopeful”

The Ohio Dept. of Natural Resources will release the long-awaited Utica Shale production numbers for 2012 at 2:00 pm today, Thursday, May 16.

The Youngstown Business Journal issued this bulletin about the forthcoming numbers:
Read More “OH Utica Production Numbers for 2012 Coming TODAY”

The new grand total for permits to drill in the Ohio Utica Shale has hit  660 as of the latest Dept. of Natural Resources report. Another 22 new permits were issued as of last week. Here’s the rundown of where they were issued:
Read More “ODNR Approves 22 More Utica Permits, Grand Total Now 660”

The latest Utica Shale permits and wells drilled numbers, as of May 4:

Read More “Latest Grand Tally for OH Utica Shale Well Permits: 639”

The latest numbers from the Ohio Dept. of Natural Resources (ODNR) shows that Utica Shale permits have risen to a total of 627, out of which 310 of them have been (or are being) drilled.

Here’s a summary of the latest numbers, along with a table showing all of the permits issued as of April 27, listing the county, town, driller and well name:
Read More “OH Utica Permits Now 627 – See Who & Where”

The executive vice president of the Ohio Oil & Gas Association, Thomas Stewart, isn’t buying the Bloomberg News theory that Ohio’s Shale boom is over before it’s really even begun (see Bloomberg Says Ohio Utica Shale is Gassy, Not Oily). Stewart says the oil is there but may present some challenges in retrieving it–challenges that technology can solve.

Comments from Stewart, including his view on where the Utica “fairway” is located:
Read More “OOGA Rep Says Bloomberg Wrong About OH Shale Boom”