Oil and gas production in Ohio’s shale wells continue to rise. According to figures released Feb. 25 by the Ohio Department of Natural Resources (ODNR), production increased 25 percent in the fourth quarter of 2014, compared to third quarter production.
During the fourth quarter of 2014, Ohio shale wells produced 3.5 million barrels of oil and 164 billion cubic feet (Bcf) of natural gas, according to the report. Oil production increased by more than 545,000 barrels and gas by more than 33 Bcf compared to the third quarter of 2014. By comparison, 352 horizontal shale wells in the fourth quarter of 2013 produced 1.4 million barrels of oil and 43 Bcf of natural gas.
Comparing the last two years in Ohio, there has been a 200 percent increase in oil production and a 350 percent increase in gas production.
The new report lists 828 wells, 779 of which reported production, resulting in a 15 percent increase in wells for the fourth quarter. Forty-seven wells reported no production as they are waiting on pipeline infrastructure. Of the 779 wells reporting production results:
- The average amount of oil produced was 4,568 barrels.
- The average amount of gas produced was 211 million cubic feet (MMcf).
- The average number of days in production was 80.
All horizontal production reports can be accessed at: oilandgas.ohiodnr.gov/production.
Ohio law does not require the separate reporting of Natural Gas Liquids (NGL). Gas reporting totals listed on the report include NGLs.Tags: Marcellus-Utica, Ohio, oil and gas, shale