Utica Shale

Anadarko Petroleum Reports On Recent Utica Shale Activity

Anadarko Petroleum (NYSE:APC) disclosed an update on activity in the Utica Shale during the third quarter of 2012.  The company has five wells on production and two additional wells in the testing phase.  Anadarko Petroleum will be finished with the evaluation of its Utica Shale exploration program early next year.

Utica Shale wells permitted by Anadarko Petroleum include Guernsey Spencer A3H, Meigs C-1H, Noble Olive A-1H, Noble Sharon A-1H, Coshocton Linton B-1H, Muskingum Meigs A1H and Noble Brookfield A1H.

Utica Shale Permit Map - August 2012

Here is the latest map of drilling activity in Ohio targeting the Utica Shale Point Pleasant formation.  There have been 321 wells permitted in the state between August 20, 2009, and August 3, 2012.   The leading public operators include:

Chesapeake Energy (CHK) – 225 permits

Anadarko Petroleum (APC) – 12 permits

Hess Corporation (HES) – 9 permits

Devon Energy (DVN) – 8 permits

CONSOL Energy (CNX) – 7 permits

Gulfport Energy (GPOR) – 7 permits

The source of the permit data is the Ohio Department of Natural Resources Division of Geological Survey. 

Utica Shale Activity Map

Anadarko Petroleum Reports On Recent Utica Shale Activity

Anadarko Petroleum (APC) issued an update on the company’s Utica Shale activity in Ohio, where it has 390,000 gross acres under lease. The company has received drilling permits for ten Utica Shale wells.

Anadarko Petroleum has drilled and is producing from three Utica Shale wells and reported that the Brookfield A-3H well has produced 9,500 barrels of oil and 12 million cubic feet of natural gas during its first 20 days on line. (Average of 475 barrels of oil per day) The Spencer A-1H and Spencer A-5H wells produced a combined 20,000 barrels of oil and 37 million cubic feet of natural gas in approximately two months.

Anadarko Petroleum called the initial production results from these three wells “encouraging.”  The company is flowing back its fourth well and recently started drilling its fifth well here.

Anadarko Petroleum has seven other Utica Shale wells permitted:

Guernsey Spencer A3H

Meigs C-1H

Noble Olive A-1H

Noble Sharon A-1H

Coshocton Linton B-1H

Muskingum Meigs A1H

Noble Brookfield A1H