Utica Shale

Anadarko Petroleum Reports On Recent Utica Shale Activity

Anadarko Petroleum (NYSE:APC) disclosed an update on activity in the Utica Shale during the third quarter of 2012.  The company has five wells on production and two additional wells in the testing phase.  Anadarko Petroleum will be finished with the evaluation of its Utica Shale exploration program early next year.

Utica Shale wells permitted by Anadarko Petroleum include Guernsey Spencer A3H, Meigs C-1H, Noble Olive A-1H, Noble Sharon A-1H, Coshocton Linton B-1H, Muskingum Meigs A1H and Noble Brookfield A1H.

Anadarko Petroleum Reports On Recent Utica Shale Activity

Anadarko Petroleum (APC) issued an update on the company’s Utica Shale activity in Ohio, where it has 390,000 gross acres under lease. The company has received drilling permits for ten Utica Shale wells.

Anadarko Petroleum has drilled and is producing from three Utica Shale wells and reported that the Brookfield A-3H well has produced 9,500 barrels of oil and 12 million cubic feet of natural gas during its first 20 days on line. (Average of 475 barrels of oil per day) The Spencer A-1H and Spencer A-5H wells produced a combined 20,000 barrels of oil and 37 million cubic feet of natural gas in approximately two months.

Anadarko Petroleum called the initial production results from these three wells “encouraging.”  The company is flowing back its fourth well and recently started drilling its fifth well here.

Anadarko Petroleum has seven other Utica Shale wells permitted:

Guernsey Spencer A3H

Meigs C-1H

Noble Olive A-1H

Noble Sharon A-1H

Coshocton Linton B-1H

Muskingum Meigs A1H

Noble Brookfield A1H

Utica Shale Permit Update

The Ohio Department of Natural Resources issued fifteen new permits to drill into the Utica Shale, bringing the total number of permits to eighty five (40 horizontal and 45 vertical).

Chesapeake Energy (CHK) continued to lead in the development of the Utica Shale and was issued eight permits. Anadarko Petroleum (APC) received four permits, and Enervest and Beck Energy also were issued permits to drill.

Permits to drill in Ashtabula, Geauga and Muskingum Counties in Ohio were issued for the first time.  Also, the Townships of Richmond, Rose, Parkman, Harrison, Meigs and Brookfield will see Utica Shale drilling for the first time.

Date	County	Township	Type	Operator	Well Name
10/4/2011	Ashtabula	Richmond	V	Chesapeake	Moyer Ash 3
10/4/2011	Belmont	Richland	V	Beck Energy	Hickenbottom 1
10/4/2011	Carroll	Rose	V	Enervest	Ott 2
10/4/2011	Geauga	Parkman	V	Chesapeake	Mast Gea 6
9/30/2011	Carroll	Harrison	V	Enervest	Symes 5
9/30/2011	Muskingum	Meigs	V	Anadarko	FREC Musk Meigs A1
9/30/2011	Muskingum	Meigs	H	Anadarko	FREC Musk Meigs A1H
9/30/2011	Noble	Brookfield	V	Anadarko	Noble Brookfield A1
9/30/2011	Noble	Brookfield	H	Anadarko	Noble Brookfield A1H
9/27/2011	Carroll	Lee	H	Chesapeake	White 17-3-5 10H
9/20/2011	Carroll	Lee	H	Chesapeake	White 17-13-5-8H
9/20/2011	Carroll	Lee	H	Chesapeake	Tanner 24-12-4-10H
9/20/2011	Jefferson	Ross	H	Chesapeake	Asuncion 15-11-3-1H
9/20/2011	Mahoning	Goshen	V	Chesapeake	K Martig 6-17-4-8
9/20/2011	Mahoning	Goshen	H	Chesapeake	K Martig 6-17-4-8H