Utica Shale

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.

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.

Gulfport Energy Drilling Seventh Utica Shale Well

Gulfport Energy (GPOR) started drilling four gross Utica Shale wells during the second quarter of 2012.   The company’s first horizontal well was drilled in February 2012.

Gulfport Energy said that the Wagner 1-38H was put onto production at an initial production rate of 17.1 million cubic feet of natural gas and 432 barrels of condensate per day.  The well is also expected to produce between 41 and 110 barrels of natural gas liquids per day for every one million cubic feet of natural gas production.

Gulfport Energy is operating two rigs in the Utica Shale and is currently drilling the company’s next two wells, bringing the total to seven. The company has 62,500 net acres under lease.

Gulfport Energy’s other Utica Shale wells include:

Boy Scout #1-33H – well completed

Ryser #1-25H – being completed

Groh #1-12H – well completed

BK Stephens #1-16H - drilling

Shugert #1-1H – well completed

Shugert #1-12H - drilling