Utica Shale Well Production Reports From Chesapeake

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Chesapeake, the largest lease holder in the Utica Shale play, with over 1.25 million acres, has recently reported production figures from wells in the dry and wet gas phases of the shale. Chesapeake reports impressive liquids production from wells in the “wet gas” window of the Utica shale, in Harrison and Carroll counties of Ohio, as well as high volume natural gas production from the well in Beaver County, Pennsylvania. The company estimates that it’s acreage covers over 40% of the most liquids – rich part of the Utica shale.

(Businesswire)

  • The Buell 10-11-5 8H in Harrison County, Ohio was drilled to a lateral length of 6,418 feet and achieved a peak rate of 9.5 million cubic feet (mmcf) per day of natural gas and 1,425 barrels (bbls) per day of natural gas liquids and oil (liquids), or 3,010 barrels of oil equivalent (boe) per day;
  • The Mangun 22-15-5 8H in Carroll County, Ohio was drilled to a lateral length of 6,231 feet and achieved a peak rate of 3.1 mmcf per day of natural gas and 1,015 bbls per day of liquids, or 1,530 boe per day;
  • The Neider 10-14-5 3H in Carroll County, Ohio was drilled to a lateral length of 4,152 feet and achieved a peak rate of 3.8 mmcf per day of natural gas and 980 bbls per day of liquids, or 1,615 boe per day; and
  • The Thompson 3H in Beaver County, Pennsylvania was drilled to a lateral length of 4,322 feet and achieved a peak rate of 6.4 mmcf per day of dry natural gas.

Chesapeake Energy has drilled eight other wells in the Utica Shale play and is waiting on completion. These first Utica shale production figures are very comparable to Eagle Ford shale wells. Aubrey McClendon, Chesapeake Energy’s CEO, has stated that the Utica shale play is “most likely superior to the Eagle Ford shale”.   These are IP or initial production figures, and the amount of oil and natural gas liquids produced tend to fall off after the first month. How long Utica shale oil wells will last remains to be seen, as long term production rates are not yet available.

Chesapeake Energy is seeking a partner to help develop the Utica shale play. With production figures such as these being reported, it seems likely that one will soon come forth.