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.

Utica Shale Update - 46 Horizontal Well Permits Issued

The Ohio Department of Natural Resources issued four new permits to drill into the Utica Shale over the last week.  The state has now issued 46 horizontal well permits and 29 stratigraphic test wells permits to various operators through 9/19/2011.

Chesapeake Energy (CHK) received a permit to drill the Schmuck Farms 22-14-5-3H horizontal well in Washington Township in Carroll County and another permit for the Mother Earth 24-10-3-8 vertical well in Paris Township in Tuscarawas County.

Eclipse Resources I LP received a permit for the Miley 5H vertical well in Seneca Township in Noble County.

HG Energy received a permit for the Whitacre Enterprises INC 701 S-5H horizontal well in Washington Township in Monroe County.

The Miley 5H Utica Shale well is the first permitted well in Noble County and both Paris and Seneca Townships saw the first drilling permits.