Utica Shale

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

Devon Energy Not "Encouraged" By Two Utica Shale Wells

Devon Energy (DVN) reported an update on its activities in Ohio where it is working on the Utica Shale.  The company reported that production results on the Eichelberger 1H well in Ashland County and the Richman Farms 1H wells in Medina County were not “encouraging.”

Devon Energy is working on the Sensibaugh 1H well in Knox County, which is located to the south of the Eichelberger 1H and Richman Farms 1H wells. After this well is finished, the company plans to focus on its acreage in eastern Ohio, where wells produce natural gas liquids.

Chesapeake Energy Reports Three Utica Shale Completions

Chesapeake Energy (CHK) reported on three recent wells drilled into the Utica Shale on its properties in Ohio. 

The Brown 10H well drilled in Jefferson County, Ohio, had a peak production rate of 1,445 barrels of oil equivalent (BOE) per day, with 8.7 million cubic of natural gas per day.

The Bailey 3H well had a peak production rate of 1,420 BOE per day, composed of 205 barrels of oil, 270 barrels of natural gas liquids and 5.7 million cubic feet of natural gas.

The Snoddy 6H well had a peak production rate of 1,260 BOE per day, composed of 320 barrels of oil, 250 barrels of natural gas liquids and 4.2 million cubic feet of natural gas. The Snoddy 6H and Bailey 3H wells are both located in Carroll County, Ohio.

Chesapeake Energy has 1.3 million acres under lease and will have 16 rigs operating in the Utica Shale by the end of 2012.