Utica Shale

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.

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

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.