Utica Shale

CONSOL Energy Reports Results On Noble 1A Utica Shale Well

CONSOL Energy (NYSE:CNX) reported the production results of a recent well drilled into the Utica Shale in Noble County, Ohio.  The Noble 1A produced peak 24 hour flows of 9 million cubic feet of natural gas and 10 barrels of condensate per day. 

CONSOL Energy is currently drilling the Noble 16A in Seneca Township in Noble County.  Both Utica Shale wells are part of a joint venture agreement with Hess Corporation (NYSE:HES)

CONSOL Energy drilled four wells and completed two wells into the Utica Shale during the third quarter of 2012. 

Tuscarawas 3A – peak rate of 400 barrels of crude oil per day – cumulative production of 7,800 barrels of oil - 17 fracturing stages, 4,915 foot lateral length

Portage 2A - 4,762 foot lateral length

Mahoning 2A – 2,735 foot lateral length

CONSOL Energy is operating two rigs in the Utica Shale and is drilling the Tuscarawas 8A well in Tuscarawas County and the Mahoning 7A in Mahoning County.  The company expects to drill eight Utica Shale wells in 2012 in the joint venture.

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

CONSOL Energy Reports Utica Shale Update For Second Quarter of 2012

CONSOL Energy (CNX) and Hess Corporation (HES) are involved in a joint venture agreement on the development of the Utica Shale in Ohio.

CONSOL Energy is operating two rigs in Ohio, with one drilling the NBL 1A in Noble County and the other drilling the PRT 2A in Portage County. The company recently completed the TUSC 3A Utica Shale well in Tuscarawas County, Ohio, and reported “commercial amounts of light crude oil” along with 1,400 Btu gas.  The well has been shut in pending further operations.

CONSOL Energy expects to drill 12 Utica Shale wells in 2012, down from the earlier estimate of 16 wells.

Hess is operating one rig in Belmont County, Ohio, and is currently drilling the Capstone 2H-9 well into the Utica shale.  The company expects to drill six wells in 2012 on its Ohio acreage.