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.

Gulfport Energy Reports Two Utica Shale Completions

Gulfport Energy (Nasdaq:GPOR) reported production results on two wells recently drilled into the Utica Shale. 

Ryser 1-25H – 2,914 barrels of oil equivalent (BOE) per day composed of 1,488 barrels of condensate, 5.9 million cubic feet of natural gas, and 649 barrels of natural gas liquids per day.

Groh 1-12H – 1,935 BOE per day composed of composed of 1,186 barrels of condensate, 2.8 million cubic feet of natural gas, and 367 barrels of natural gas liquids per day.

Gulfport Energy plans to put both Utica Shale wells onto production in January 2013.

CONSOL Energy Reports Results On Noble 1A Utica Shale Well

CONSOL Energy (NYSE:CNX) reported the production results of a recent well drilled into the Utica Shale in Noble County, Ohio.  The Noble 1A produced peak 24 hour flows of 9 million cubic feet of natural gas and 10 barrels of condensate per day. 

CONSOL Energy is currently drilling the Noble 16A in Seneca Township in Noble County.  Both Utica Shale wells are part of a joint venture agreement with Hess Corporation (NYSE:HES)

CONSOL Energy drilled four wells and completed two wells into the Utica Shale during the third quarter of 2012. 

Tuscarawas 3A – peak rate of 400 barrels of crude oil per day – cumulative production of 7,800 barrels of oil - 17 fracturing stages, 4,915 foot lateral length

Portage 2A - 4,762 foot lateral length

Mahoning 2A – 2,735 foot lateral length

CONSOL Energy is operating two rigs in the Utica Shale and is drilling the Tuscarawas 8A well in Tuscarawas County and the Mahoning 7A in Mahoning County.  The company expects to drill eight Utica Shale wells in 2012 in the joint venture.