Shale drillers getting good results in Utica
The Jamestown Sun
August 10, 2012
AKRON - Three energy companies drilling for gas and oil along Ohio's Utica Shale say they're seeing positive results on their wells' production numbers as another company describes a less favorable outcome, a newspaper reported.
Three energy companies - Gulfport Energy Corp., Chesapeake Energy Corp. and Antero Resources Corp. - called their production results from drilling in eastern parts of the state positive, the Akron Beacon Journal reported.
Heidi Hetzel-Evans of the Ohio Department of Natural Resources said figures show the exploratory nature of the Utica Play, but they are not the same as the official filings the companies will submit to ODNR in March 2013.
Oklahoma City-based Gulfport Energy said its second-quarter earnings report released Tuesday showed one well in Harrison County was producing 17.1 million cubic feet of natural gas per day at its peak, including more than 430 barrels of oil and more than 1,880 barrels of natural gas liquids.
Gulfport CEO James Palm said in a conference call the company was also pleased with results from three other wells in eastern counties. He said Gulfport plans to drill 200 wells in Ohio in the next four years.
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