Utica Shale

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

Anadarko Petroleum Receives First Utica Shale Well Permit

Anadarko Petroleum (APC) has received a drilling permit for the company’s first Utica Shale well in Ohio.

On September 7, 2011, Anadarko Petroleum received a permit to drill the Frec Guer Spencer A1 vertical well in Spencer Township in Guernsey County.  The company received a permit for the Frec Guer Spencer A1H, which is the horizontal portion of the well, on September 12, 2011.

The permits were issued by the Ohio Department of Natural Resources and bring the number of permitted Utica Shale wells to 43 horizontal wells and 27 stratigraphic wells.

Anadarko Petroleum hasn’t disclosed any exposure to the Utica Shale in any of its official marketing presentations.  The company is very active in the onshore United States and is allocating 45% of its 2011 capital budget of $6.2 billion to $6.6 billion to the onshore.

Anadarko Petroleum is active in the Marcellus Shale but according to its latest presentation only has acreage in Pennsylvania.