Utica Shale

Halcon Resources Reports On Utica Shale Operations In Ohio And Pennsylvania

Halcon Resources Corporation (NYSE:HK) plans to drill between four and six wells into the Utica Shale during the last six months of 2012.  The first two wells in this program will be spud in October 2012.

Halcon Resources Corporation has about 130,000 net acres prospective for the Utica Shale/Point Pleasant formation.  The leasehold is located in Trumbull and Mahoning Counties, Ohio, and Mercer, Venango and Crawford Counties, Pennsylvania.

Halcon Resources Corporation has obtained five drilling permits to date and expects to receive the other permits shortly.  The company plans to shut in Utica Shale wells for up to 60 days prior to putting them onto production.  The wells are shut in to enhance the long term recovery of hydrocarbons and the lack of infrastructure in the area to process and transport oil and gas.

Halcon Resources Corporation expects first production from the Utica Shale in the first quarter of 2013.

Utica Shale Permit Map - August 2012

Here is the latest map of drilling activity in Ohio targeting the Utica Shale Point Pleasant formation.  There have been 321 wells permitted in the state between August 20, 2009, and August 3, 2012.   The leading public operators include:

Chesapeake Energy (CHK) – 225 permits

Anadarko Petroleum (APC) – 12 permits

Hess Corporation (HES) – 9 permits

Devon Energy (DVN) – 8 permits

CONSOL Energy (CNX) – 7 permits

Gulfport Energy (GPOR) – 7 permits

The source of the permit data is the Ohio Department of Natural Resources Division of Geological Survey. 

Utica Shale Activity Map

Gulfport Energy Updates Utica Shale Drilling Program

Gulfport Energy (GPOR) reported that the company has reached total depth on three horizontal wells drilled into the Utica Shale.

The Wagner 1-28H well found 123 feet of pay in the Utica Shale/Point Pleasant formation and was completed with a 28 stage hydraulic fracturing operation.  Gulfport Energy plans to wait 60 days before flowing the well.

The Boy Scout 1-33H well was drilled with a 7,974 foot lateral and found 126 feet of pay in the Utica Shale/Point Pleasant formation.  The well is currently undergoing hydraulic fracturing operations.

The Groh 1-12H was drilled with a 5,414 foot horizontal lateral and is waiting on completion operations.  The well found approximately 119 feet of net Utica Shale/Point Pleasant pay.

Gulfport Energy is operating two rigs in the Utica Shale and plans to drill at least two additional horizontal Utica Shale wells in 2012.