Rice Energy CEO Dan Rice Says 5 Utica Wells Producing 80Mmcf/Day
CORRECTION: In the original version of this story MDN incorrectly stated Rice’s 5 Utica wells were producing $80 million per day instead of 80 million cubic feet of natural gas. A dumb mistake. We relied on an inaccurate transcription of what was said (see it below). The transcription lists the quantities as dollars–the person transcribing got it wrong. We should have known! Our apologies. The 5 wells are still awesome in producing 80 Mmcf/d–but not as awesome as $80 million per day! 🙂
In addition to releasing their fourth quarter and full year 2014 update yesterday, Rice Energy also held an analyst phone call to share the results. Rice’s top management was on the call and shared some fascinating insights. Among them: In 2014 and early 2015 Rice brought five Utica Shale wells online–Bigfoot 9H, Blue Thunder 10H and 12H, and Gold Digger 1H and 3H. (Just an aside, we love how Rice names their wells. Their newest well pad just completed in Belmont County, OH is the “Son-Uva-Digger” pad. Love it!) Anywho, the five Utica wells completed in 2014 and early 2015 collectively are producing, according to CEO Dan Rice, 80 million cubic feet of gas PER DAY. Truly astonishing. In addition to the Utica in Belmont County, Rice is eyeing the Utica underneath their Marcellus assets in southwestern PA–in Washington and Greene counties. This company is smart and focused and one to keep an eye on. Below is a transcript of the comments from yesterday’s analyst call. We’ve added our yellow highlighter to point out some items that caught our attention…
Read More “Rice Energy CEO Dan Rice Says 5 Utica Wells Producing 80Mmcf/Day”

A Green County man–Heath A. Rankin, 33, of Carmichaels, PA–was indicted earlier this week by a federal grand jury on a felony charge of damaging a shale well (or wells) on the Burchianti Pad in Greene County in March 2014. The pad is owned by Chevron, which is, according to one news source, planning to seek restitution for damages exceeding $5,000 allegedly caused by Mr. Rankin. Another man, Brian Harbarger, 34, of Cumberland, PA–was indicted for the same thing in December 2014. It’s too early to jump to any conclusions. Are they environmentalists that tipped over the line? Are they former/disgruntled employees? Drunk and out for a joy ride? We simply don’t know. Here’s what we do know…
Something we consider pretty big news: Chesapeake Energy is running an experiment with waterless fracking. They’ve contracted with Canadian waterless fracking company GASFRAC to attempt what is the second (that we’re aware of) waterless frack job on a Utica Shale well–in Tuscarawas County, OH. The first waterless frack job done by GASFRAC was for EV Energy Partners on a Utica well also in Tuscarawas County (see
PA’s PennFutureDEP Acting Sec. John Quigley wants to get the big pipeline companies and the townships through which the pipelines will go to meet at the local Starbucks and “start a conversation.” Which latte do you like? Er no, not that kind of conversation. Quigley acknowledges he doesn’t have a thing to do with interstate pipelines–they’re approved by the Federal Energy Regulatory Commission (FERC). Other agencies (federal and state) oversee the pipelines once they are built. But Quigley thinks if he can get both sides–pipeliners and towns–together and try to at least get a dialogue going, perhaps something good will come from it. Not a bad idea as ideas go. One recommendation: don’t tell the nutters which Starbucks you’re meeting at…