Utica Shale

Utica Shale Horizontal Permits Reach 194

The Ohio Department of Natural Resources has now issued 194 horizontal permits to drill into the Utica Shale formation in Ohio as of 4/5/2012. The dates, well names, operators and locations of the most recent 54 permits are:

4/5/2012	Belmont	Hess	Porterfield Gas Unit C 1H-17
4/5/2012	Monroe	HG Energy	Whitacre Enterprises INC 701 S-5HA
4/5/2012	Monroe	HG Energy	Whitacre Enterprises INC 702 N-2H
4/5/2012	Monroe	HG Energy	Whitacre Enterprises INC 702 N-1H
4/5/2012	Monroe	HG Energy	Whitacre Enterprises INC 701 N-7H
4/5/2012	Monroe	HG Energy	Whitacre Enterprises INC 702 S-4H
4/5/2012	Monroe	HG Energy	Whitacre Enterprises INC 702 S-5H
4/5/2012	Monroe	HG Energy	Whitacre Enterprises INC 702 S-6H
4/4/2012	Carroll	Chesapeake	Tuckosh 35-11-4 1H
4/3/2012	Carroll	Chesapeake	Coe 34-12-4 5H
4/2/2012	Carroll	Chesapeake	Wagner 11-13-5 5H
4/2/2012	Columbiana	Chesapeake	Trebilcock South 25-15-4 8H
4/2/2012	Harrison	Chesapeake	Rensi 4-12-6 1H
3/30/2012	Carroll	Chesapeake	Slates 16-12-5 3H
3/30/2012	Carroll	Chesapeake	Whitacre 26-17-7 8H
3/30/2012	Columbiana	Chesapeake	Carney 17-7-1 3H
3/23/2012	Columbiana	Chesapeake	Hanover Farms 34-15-4 3H
3/23/2012	Columbiana	Chesapeake	Hanover Farms 34-15-4 6H
3/23/2012	Monroe	HG Energy	Whitacre Enterprises INC 701 N-3H
3/23/2012	Monroe	HG Energy	Whitacre Enterprises INC 701 N-1H
3/23/2012	Monroe	HG Energy	Whitacre Enterprises INC 702 N-3H
3/23/2012	Stark	Enervest	Habrun 5H
3/21/2012	Belmont	Hess	Capstone Holdings 2H-9
3/20/2012	Jefferson	Chesapeake	Vahalik 18-11-4 10H
3/20/2012	Muskingum	Enervest	Consolidated Coal Unit 2-H
3/19/2012	Carroll	Chesapeake	Mangun 22-15-5 6H
3/19/2012	Carroll	Chesapeake	P Brown 9-13-5 1H
3/19/2012	Columbiana	Chesapeake	Morris 28-11-2 3H
3/19/2012	Columbiana	Chesapeake	Kernich 3-10-2 1H
3/19/2012	Harrison	Chesapeake	Henderson South 10-12-6 1H
3/19/2012	Harrison	Chesapeake	Henderson South 10-12-6 5H
3/19/2012	Stark	Chesapeake	Ronald Smith 3-17-6 3H
3/19/2012	Stark	Chesapeake	Ronald Smith 3-17-6 1H
3/15/2012	Carroll	Chesapeake	Tuckosh 35-11-4 1H
3/15/2012	Carroll	Chesapeake	Burgett 7-15-6 10H
3/15/2012	Harrison	Chesapeake	Buell 10-11-5 10H
3/15/2012	Harrison	Chesapeake	Jewett Sportsmans Club 4-11-5 6H
3/15/2012	Harrison	Chesapeake	Jewett Sportsmans Club 4-11-5 8H
3/15/2012	Jefferson	Chesapeake	Kirk West 22-10-3 6H
3/15/2012	Jefferson	Chesapeake	Cain 16-12-4 5H
3/12/2012	Carroll	Chesapeake	Fligiel 29-12-5 8H
3/12/2012	Columbiana	Chesapeake	Henderson 25-16-5 8H
3/8/2012	Carroll	Chesapeake	P Brown 9-13-5 8H
3/7/2012	Carroll	Chesapeake	Coe 34-12-4 3H
3/7/2012	Carroll	Chesapeake	Tuckosh 36-11-4 3H
3/7/2012	Portage	Chesapeake	Murvay Por 3H
3/6/2012	Columbiana	Chesapeake	Janie Trust 5-12-3 10H
3/5/2012	Carroll	R E Gas	Graham 1H
3/5/2012	Columbiana	Chesapeake	Trebilcock 25-15-4 1H
3/2/2012	Carroll	R E Gas	Brace 1H
2/29/2012	Carroll	Chesapeake	Heaton 24-16-6 8H
2/28/2012	Harrison	Gulfport Energy	Wagner Unit Wagner 1H
2/27/2012	Columbiana	Chesapeake	Reed 28-11-2 8H
2/27/2012	Stark	Chesapeake	Keller 21-19-6 5H

CONSOL Energy Updates Utica Shale Operations

CONSOL Energy (CNX) reported on recent activity in the Utica Shale in Ohio, where the company operates its own acreage and is also involved in a joint venture with Hess Corporation (HES).

CONSOL Energy completed its first horizontal well into the Utica Shale in Tuscarawas County, Ohio, and is currently evaluating the flow back and results of the well. This well was drilled outside of the joint venture.

CONSOL Energy and Hess did not drill any joint venture wells during the first quarter of 2012.  The company expects to move a drilling rig to Noble County, Ohio, and drill the first horizontal well in that county.

Hess Corporation - Utica Shale Comments - Q4 2011 Conference Call

Hess Corporation (HES) held an earnings conference call on January 25, 2012, in connection with the company’s fourth quarter of 2011 and full year earnings releases.  The company discussed its operations in the Utica Shale in 2011 and plans for 2012.

“Regarding the Utica Shale, our appraisal drilling program will be designed to delineate the oil-, liquids- and gas-rich areas on both our 100%-owned acreage and that owned by our 50-50 joint venture with CONSOL Energy.”

“On our 100%-owned acreage, we plan to acquire 200 square miles of seismic and drill approximately 7 wells. The joint venture will also acquire approximately 200 square miles of seismic and plans to drill 22 wells. We will also continue to pursue and delineate unconventional opportunities globally.”

“Regarding the Marquette well, we recently completed that well in December that was drilled by Marquette prior to the acquisition. The well was drilled in a dry gas location, we knew that. But it was ready to complete, so we went ahead and completed it. And while we're still testing the well, we can report that the initial rate from the well was 11 million cubic feet per day on a 24/64 choke. So that's a very good result. We're very pleased with that result. It's very encouraging, but, obviously, there's a lot more appraisal drilling necessary to delineate our acreage position and, in particular, figure out where the oil condensate and dry gas windows are.”

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