In a recent report to investors, Chesapeake Energy indicated that one of their wells, (the Kenneth Buell 8H, located south of Jewett) had initial natural gas production equaling two percent of the Ohio’s total gas production. This is significant when you account for the fact that there are 49,000 other producing oil and gas wells in Ohio. The good news doesn’t end there. Not only was the Buell well in Harrison county a record breaker, the gas is very rich in valuable components such as ethane (used in plastic production) and condensate, which is similar to oil. The record Harrison county Utica Shale well is located in the “wet gas and condensate” window of the Utica Shale.
Altogether, in 2011 Chesapeake Energy wells in the Utica Shale of Ohio, including the Buell 8H, along with four wells in nearby Carroll county, produced a total 43,000 barrels of crude oil along with 2.62 billion cubic feet of rich natural gas. The Snoddy 11-13-5 6H in Carroll county had initial production of 1,260 boe/d, which included 320 bbls of oil, 250 bbls of natural gas liquids and 4.2 mmcf of natural gas.
On a post-processing basis, Chesapeake Energy’s Utica Shale well’s peak rates averaged ~205 bbls/d of oil, 150 bbls/d of NGL and 3.8 mmcf/d of natural gas, or ~1,000 boe/d.
As of 6/30/12, there were 28 additional Chesapeake Energy wells either waiting on connection to pipeline, or in various stages of completion.
Chesapeake Plans For The Utica Shale
Chesapeake is currently operating 11 rigs in the Utica Shale, with plans to exit 2012 with 16 rigs operating. Chesapeake has drilled a total of 87 wells in the Utica Shale, with 28 of those wells making in the area of 1,000 boe/d. (Barrels of oil equivalent per day, which includes oil, condensate and natural gas.)
Further reading: Harrison County Utica Shale Well
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