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Ohio losing marginal wells depending on definition

Shane Hoover | CantonRep.com

A single marginal well is insignificant, but collectively marginal wells account for about 70 percent of the oil and natural gas wells in Ohio and across the United States. Marginal wells were a nation-wide asset worth $18.1 billion last year. They also form the bulk of wells operated by small, Ohio-based producers.

While the number of marginal wells nationwide has grown slightly over the last few years, a report released last month by the Interstate Oil and Gas Compact Commission shows Ohio lost almost 19,000 marginal wells between 2011 and 2015.

Or did it?

The answer lies in a change in how the Ohio Department of Natural Resources defines a marginal well. Full Story