Rex Energy (REXX) reported production results on the company’s first Utica Shale well drilled in Ohio.
The Brace #1H well produced 1,094 barrels of oil equivalent (BOE) during the first 24 hours, with 43% of the production composed of natural gas liquids, 31% natural gas and 26% condensate. The production figures assume full ethane recovery.
The Brace #1H well is located in Carroll County, Ohio, and was drilled to a total measured depth of 12,332 feet with a lateral length of approximately 4,170 feet. The well was completed with a 17 stage hydraulic fracturing operation. The crude oil has an API gravity of 60.1 degrees and the natural gas is approximately 1,250 BTU.