In spite of fallng oil prices, the second quarter 2015 production numbers for Ohio’s horizontal wells broke all previous production reporting records for the last 100 years. During the second quarter (which ended June 30), Ohio’s horizontal shale wells produced 5,578,255 barrels of oil (bbls) and 221,860,169 Mcf (221 billion cubic feet) of natural gas, according to figures released last week by the Ohio Department of Natural Resources (ODNR).
Production continues to rise as oil increased by more than 3.1 million barrels and gas by more than 133 billion cubic feet compared to the second quarter of 2014. In Carroll County, Chesapeake Energy had the top producing well for both oil and gas.
The Ray Hayley 10H well in Perry Twp. produced 43,612 barrels of oil and 334,851 Mcf of gas. Of the 370 wells in Carroll County for which production was reported, 352 belong to Chesapeake. Rex Energy owns 17 producing wells in the county and Enervest, one well. To date in 2015, 10,010,559 barrels of oil were produced; an increase of 126 percent over the 4,423,381 barrels produced in the first half of 2014. Gas production to date this year, 405,445,420 Mcf, is an increase of 160 percent over the 2014 first half report of 156,132,032.
For further comparison, only 11 million barrels of oil and 450 Mcf of gas were produced in all of 2014. The new report lists 1,020 wells, 978 of which reported production, an increase of 94 percent from the 504 wells reporting production halfway through 2014. Forty-two wells reported no production as they are waiting on pipeline infrastructure. The wells reporting production produced an average of 5,704 barrels over 83 production days, an increase of 16 percent over the 2014 average of 4,904 barrels for the 75 days of production. Wells produced an average of 226,851 Mcf of gas the first half of 2015, an increase of 28 percent over the same period in 2014. Natural gas figures include Natural Gas Liquids (NGLs). Ohio law does not require the separate reporting of NGLs.