Friday, February 27, 2015

Utica Shale oil production, natural gas production soar in Ohio

The news about oil and natural gas production in Ohio's Utica play continues to be positive and is reflected in robust numbers.

(Columbus Dispatch graphic)
As reported on cleveland.com, the news website connected with the Cleveland Plain Dealer, an analysis compiled by the Ohio Department of Natural Resources (ODNR) "found that oil production increased by 200 percent and gas by 350 percent from 2013 to 2014."

During the fourth quarter of 2014, Ohio’s horizontal shale wells produced more than 3.5 million barrels of oil and nearly 165 billion cubic feet of natural gas, according the the ODNR report.

Bob Downing of the Akron Beacon Journal, reported that the ODNR study indicated that "oil production from 779 horizontal Utica wells increased by more than 545,000 barrels, up 18.1 percent, and natural gas jumped by more than 33 billion cubic feet, or 25.6 percent, compared to the third quarter of 2014."

The full ODNR report can be accessed on the department's website.

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