Utica Shale

Chesapeake Energy - Utica Shale Summary

Chesapeake Energy (CHK) is the largest operator in the Utica Shale and has 1.3 million acres under lease.  The company is operating 10 rigs and plans to average 13 rigs in 2012 and 22 rigs in 2013.

Chesapeake Energy has drilled 59 wells into the Utica Shale:

Producing – 9 wells

Undergoing completion – 15 wells

Waiting for completion – 15 wells

Waiting on Pipeline – 20 wells

Chesapeake Energy’s most productive Utica Shale well is the Buell 8H well in Harrison County, Ohio, which produced at a peak rate above 3,000 barrels of oil equivalent (BOE) per day in September 2011.  The company estimates that the Buell 8H well will have an estimated ultimate recovery (EUR) of 575,000 barrels of liquids and 13 bcf of natural gas.

Chesapeake Energy Reports Three Utica Shale Wells

Chesapeake Energy (CHK) latest Utica Shale results were released back in May 2012 and I neglected to post them here.  These three wells were all drilled and completed in Carroll County, Ohio:

Shaw 5H – 1,440 barrels of oil equivalent (BOE) per day, composed of 770 barrels of oil, 180 barrels of natural gas liquids and 2.9 million cubic feet of natural gas per day.

Burgett 8H – 1,210 BOE per day, composed of 720 barrels of oil, 140 barrels of natural gas liquids and 2.1 million cubic feet of natural gas per day.

Coniglio 6H – flow test of 1,125 BOE per day, composed of 290 barrels of oil and 5 million cubic feet of wet natural gas per day.

Gulfport Energy Updates Utica Shale Drilling Program

Gulfport Energy (GPOR) reported that the company has reached total depth on three horizontal wells drilled into the Utica Shale.

The Wagner 1-28H well found 123 feet of pay in the Utica Shale/Point Pleasant formation and was completed with a 28 stage hydraulic fracturing operation.  Gulfport Energy plans to wait 60 days before flowing the well.

The Boy Scout 1-33H well was drilled with a 7,974 foot lateral and found 126 feet of pay in the Utica Shale/Point Pleasant formation.  The well is currently undergoing hydraulic fracturing operations.

The Groh 1-12H was drilled with a 5,414 foot horizontal lateral and is waiting on completion operations.  The well found approximately 119 feet of net Utica Shale/Point Pleasant pay.

Gulfport Energy is operating two rigs in the Utica Shale and plans to drill at least two additional horizontal Utica Shale wells in 2012.