Utica Shale

Interesting Utica Shale Article

Here’s an interesting article on the Motley Fool blog that summarizes information on the Utica Shale disclosed during second quarter of 2012 earnings season:

What we Learned about the Utica Shale During Earnings Season

Ohio Utica Shale Permit Update

The Ohio Department of Natural Resources issued an additional twenty four permits to drill into the Utica Shale and Point Pleasant formations.  This brings the total number of permits issued in the state to 78 horizontal and 59 stratigraphic (vertical) issued since December 2009. This data covers permits issued through December 7, 2011.

Chesapeake Energy (CHK) maintained the company’s status as a leader in the development of this new play and received nineteen permits:

Well Name	County	Township
Bucey 21-14-4 6H	Carroll	East
Bucey 21-14-4 5H	Carroll	East
Bailey 35-1254 1H	Carroll	Lee
Bailey 35-1254 3H	Carroll	Lee
Houyouse 15-13-5 6H	Carroll	Lee
Vahalik 18-11-1 6H	Jefferson	Springfield
Kate 4-10-4 8H	Tuscarawas	Wayne
Kate 4-10-4 8	Tuscarawas	Wayne
Ayrview Acres 27-16-5 5H	Columbiana	West
Ayrview Acres 27-16-5 1H	Columbiana	West
Ayrview Acres 27-16-5 3H	Columbiana	West
Ayrview Acres 27-16-5 3	Columbiana	West
Houyouse 15-13-5 1H	Carroll	Lee
Asuncion 15-11-3 6H	Jefferson	Ross
Asuncion 15-11-3 8H	Jefferson	Ross
Rowe 32-9-3 8	Jefferson	Wayne
Jarvis 4-17-4 6H	Mahoning	Goshen
Soehln 8H	Stark	Bethlehem
Soehln 8	Stark	Bethlehem

CNX Gas Company was issued a vertical and horizontal permit to drill the Hendricks MAHN2AHSU well into the Utica Shale.  This well is located in Ellsworth Township in Mahoning County. CNX Gas Company is a subsidiary of CONSOL Energy (CNX).

Anadarko Petroleum (APC) was issued two drilling horizontal permits to drill the FREC Guernsey Spencer A3H and Frec Guernsey Spencer A5H.  Both wells are located in Spencer Township in Guernsey County.

Gulfport Energy (GPOR) received the company’s first vertical permit and will drill the Wagner # 1 well in Athens Township in Harrison County

Rex Energy Reports Success Of Cheeseman #1H Utica Shale Well

Rex Energy (REXX) reported the successful completion of the company’s first well into the Utica Shale formation.  The well was drilled and completed in the dry gas area of the play in Butler County, Pennsylvania.

The Cheeseman #1H well had a twenty four hour production test rate of 9.2 million cubic feet per day of natural gas.  The well was drilled with a 3,551 foot lateral and completed with a twelve stage hydraulic fracturing operation.

Rex Energy did not disclose the cost of the Cheeseman #1H well and said that it would discuss development plans for the Utica Shale once the company sets its 2012 capital budget.