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.

National Fuel Gas Company Updates Utica Shale Operations

National Fuel Gas Company (NYSE:NFG) reported the completion of two horizontal wells drilled into the Utica Shale in McKean and Forest counties in Pennsylvania.

National Fuel Gas Company said that both Utica Shale wells are shut in for 60 days and will be put onto sales in November 2012.  The company reported that Tionesta well in Forest County had all hydraulic fracturing stages completed successfully, while the Mt. Jewett well in McKean County had only three hydraulic fracturing stages completed successfully.  National Fuel Gas Company said that the problem with the Mt. Jewett well was unrelated to the quality of the reservoir.      

National Fuel Gas Company plans to drill the Owl’s Nest well into the Utica Shale in fiscal 2013.   

Rex Energy Reports On Utica Shale Well

Rex Energy (REXX) reported production results on the company’s first Utica Shale well drilled in Ohio.

The Brace #1H well produced 1,094 barrels of oil equivalent (BOE) during the first 24 hours, with 43% of the production composed of natural gas liquids, 31% natural gas and 26% condensate.  The production figures assume full ethane recovery.

The Brace #1H well is located in Carroll County, Ohio, and was drilled to a total measured depth of 12,332 feet with a lateral length of approximately 4,170 feet.   The well was completed with a 17 stage hydraulic fracturing operation.  The crude oil has an API gravity of 60.1 degrees and the natural gas is approximately 1,250 BTU.