Utica Shale

Gulfport Energy Reports On Boy Scout 1-33H Utica Shale Well

Gulfport Energy (GPOR) reported initial production results on the Boy Scout 1-33H well drilled and completed into the Utica Shale in Ohio.

Gulfport Energy said that the Boy Scout 1-33H well produced at a peak rate of 3,456 barrels of oil equivalent (BOE) per day.  The production was composed of 1,560 barrels of condensate, 7.1 million cubic feet of natural gas and 1,008 barrels of natural gas liquids per day.

Gulfport Energy expects to put this Utica Shale well onto production in September 2012.

Chesapeake Energy Reports Two Utica Shale Completions

Chesapeake Energy (CHK) has an active development program in the Utica Shale and disclosed an update on recent operations here.  The company is currently operating eight rigs in the play, with six working in the wet gas window and one each in the dry gas and oil areas.

Chesapeake Energy’s long term plan in the Utica Shale is to ramp up to 20 rigs by the end of 2012. The company has drilled 42 wells to date and has seven wells on production, and 35 waiting on completion or pipeline.

Chesapeake Energy reported the production on two recent Utica Shale wells.  The Shaw 20-14-5H and Burgett #7-15-6 8H wells produced at peak average production rate of more than 700 barrels of oil and 3 million cubic feet per day of natural gas. Both wells are located in Carroll County, Ohio.

Dominion Resources To Build Natural Gas Processing Facility In West Virginia

Dominion Resources (D) announced that the company would build a natural gas processing and fractionation plant in West Virginia.  The facility will handle production coming out of the Utica and Marcellus Shale. Other details:

1. The Utica Shale plant will be built on the Ohio River in Natrium, West Virginia.
2. Phase one is expected to be operational by December 2012.
3. Natural gas processing capacity of 200 million cubic feet of natural gas per day
4. Fractionation or liquids separation capacity of 36,000 barrels per day.
5.  Ninety percent of capacity of phase one is already contracted.
6. Final capacity of 400 million cubic feet of natural gas per day and fractionation of 59,000 barrels of natural gas liquids per day.

Dominion Resources said that the largest customer that has contracted for capacity at the Natrium facility is Chesapeake Energy (CHK). The company has for 100 million cubic feet per day under contract in phase one and an option for phase two.