Utica Shale

Chesapeake Energy Reports Three Utica Shale Completions

Chesapeake Energy (NYSE:CHK) reported production results of three wells recently completed into the Utica Shale in Ohio.  The company has drilled 134 wells to date in the Utica Shale through the end of the third quarter of 2012 and is operating 13 rigs in the play.

Houyouse 15-13-5 8H – 1,735 barrels of oil equivalent (BOE) per day, composed of 465 barrels of oil, 335 barrels of natural gas liquids and 5.6 million cubic feet of natural gas per day.

White 17-13-5 8H – 1,360 BOE per day, composed of 390 barrels of oil, 285 barrels of natural gas liquids and 4.1 million cubic feet of natural gas per day.

Stuart Henderson 11-12-6 1H – 825 BOE per day, composed of 410 barrels of oil, 100 barrels of natural gas liquids and 1.9 million cubic feet of natural gas per day.

Chesapeake Energy has 1.3 million acres of leasehold prospective for the Utica Shale in Ohio.

Utica Shale Permit Update - Chesapeake Energy Maintains Lead

The Ohio Department of Natural Resources has now issued 116 drilling permits for the Utica Shale, including 61 horizontal and 55 vertical permits.  This data covers the period from December 2009 through November 6, 2011.

Devon Energy (DVN) received the company’s first permits to drill into the Utica Shale for the Eichelberger David 1H and Eichelberger David 1P in Clear Creek Township in Ashland County.  The company was also issued permits for the Richman Farms 1H and Richman Farms 1P wells in Harrisville Township in Medina County.  These are the first Utica Shale wells to be drilled in Medina County.

Anadarko Petroleum (APC) was issued six drilling permits for the FERC Noble Olive A-1H, FERC Noble Olive A-1, FERC Noble Sharon A-1H, FERC Noble Sharon A-1, CSPC Coshocton Linton B-1H and CSPC Coshocton Linton B-1 wells. Four of these wells are in Noble County and the other two will be the first wells drilled in Coshocton County.  

Chesapeake Energy (CHK) continues to gain ground on its competitors and received 16 Utica Shale drilling permits.  

Columbiana County - Trebilcock 25-15-4 3H well

Mahoning County - Jarvis 4-17-4 3H and Jarvis 4-17-4 3 wells

Stark County - Paradise Valley Farms 17-8-6 8H and Paradise Valley Farms 17-8-6 8 wells

Portage County - Murvay Portage 8H and Murvay Portage 8 wells

Carroll County - Snoddy 11-13-5 5H, Snoddy 11-13-5 1H and Houyouse 15-13-5 8H wells.

Jefferson County - Vahalik 18-11-4 8H, Vahalik 18-11-4 8, Denoon 5-10-3 3H, Denoon 5-10-3 3, Rowe 32-9-3 8 and Denoon 5-10-3 5H wells.