OHIO S UTICA SHALE: THE LATEST DRILLING ACTIVITY & PRODUCTION RESULTS. MATT LUPARDUS APRIL 23 rd, 2015

Transcription

1 IO S UTICA SHALE: THE LATEST DRILLING ACTIVITY & PRODUCTION RESULTS MATT LURDUS APRIL 23 rd, 2015

2 DISCLAIMER All data contained herein was collected from publicly available sources. The location of well spots, drilled or producing status, and production volumes are based on the ODNR data as of 4/18/2015. SOOGA does not guarantee the accuracy of the data contained herein.

3 HORTIZONTAL WELL ACTIVITY AS OF 9/4/ Permits Issued 159 Wells Drilled 30 Wells Producing THE FIRST TIME THIS PRESENTATION WAS DONE 12 Companies who have drilled 1 or more wells 7 Companies with 1 or more producing wells Source: Ohio Dept. of Natural Resources (ODNR)

4 HORTIZONTAL WELL ACTIVITY AS OF 4/18/2015 1,877 Permits Issued (+1,518 vs. 9/4/2012) 1,456 Wells Drilled (+1,297) 847 Wells Producing (+817) 28 Companies who have drilled 1 or more wells (+16) 24 Companies with 1 or more producing wells (+17) Source: Ohio Dept. of Natural Resources (ODNR)

5 WELLS DRILLING OR DRILLED Source: Ohio Dept. of Natural Resources

6 WELLS DRILLING OR DRILLED THROUGH 4/18/2015 Source: Ohio Dept. of Natural Resources

7 WELLS DRILLING OR DRILLED THROUGH 9/13/2012 Source: Ohio Dept. of Natural Resources

8 WELLS DRILLING OR DRILLED THROUGH 4/18/2015 Source: Ohio Dept. of Natural Resources

9 WELLS DRILLING OR DRILLED DRILLING RIGS RUNNING AS OF SOURCE: BAKER HUGHES Source: Ohio Dept. of Natural Resources

10 WELLS DRILLING OR DRILLED DRILLING RIGS AS OF SOURCE: BAKER HUGHES OIL WINDOW WET GAS DRY GAS

11 WELLS DRILLING OR DRILLED OIL WINDOW WET GAS DRY GAS

12 WELLS DRILLING OR DRILLED

13 WELLS DRILLING OR DRILLED PRODUCING WELLS THROUGH 4/18/2015

14 WELLS DRILLING OR DRILLED PRODUCING WELLS OIL WINDOW WET GAS DRY GAS

15 THIS YEAR S UPDATE WILL FOCUS ON THE MOST ACTIVE AREA OF THE PLAY

16 PRODUCTION DATA Data Presented as Follows: By County # Wells Drilled # Wells Producing Cumulative Utica Production through 12/31/2014 Highest Well 90 Day I.P. Rate to Date (as opposed to 24 HR I.P. in the past)

17 MAHONING COUNTY

18 MAHONING COUNTY WELLS DRILLED = 14 WELLS PROD. = 13 CUM. OIL = 32,000 BBLS CUM. GAS = 5 BCF BIGGEST WELL: POLAND #6H IP 90 = 4,500 MCFE/DAY (HILCORP ENERGY)

19 COLUMBIANA COUNTY

20 COLUMBIANA COUNTY WELLS DRILLED = 74 WELLS PROD. = 54 CUM. OIL = 277,000 BBLS CUM. GAS = 24 BCF BIGGEST WELL: ANDRULIS #8H IP 90 = 6,000 MCFE/DAY (CHESAPEAKE)

21 CARROLL COUNTY

22 CARROLL COUNTY WELLS DRILLED = 416 WELLS PROD. = 350 CUM. OIL = 6,100,000 BBLS CUM. GAS = 220 BCF BIGGEST WELL: EVANS #3H IP 90 = 7,500 MCFE/DAY (CHESAPEAKE)

23 JEFFERSON COUNTY

24 JEFFERSON COUNTY WELLS DRILLED = 39 WELLS PROD. = 14 CUM. OIL = 116 BBLS CUM. GAS = 14 BCF BIGGEST WELL: CIACCI #1H IP 90 = 7,900 MCFE/DAY (CHESAPEAKE)

25 HARRISON COUNTY

26 HARRISON COUNTY WELLS DRILLED = 286 WELLS PROD. = 145 CUM. OIL = 4,100,000 BBLS CUM. GAS = 66 BCF BIGGEST WELL: WAGNER #3 28H IP 90 = 11,200 MCFE/DAY (GULFPORT)

27 GUERNSEY COUNTY

28 GUERNSEY COUNTY WELLS DRILLED = 147 WELLS PROD. = 66 CUM. OIL = 1,700,000 BBLS CUM. GAS = 15 BCF BIGGEST WELL: SHUGERT DADDY #3H IP 90 = 5,700 MCFE/DAY (AMERICAN ENERGY UTICA)

29 BELMONT COUNTY

30 BELMONT COUNTY WELLS DRILLED = 154 WELLS PROD. = 70 CUM. OIL = 176,000 BBLS CUM. GAS = 107 BCF BIGGEST WELL: BLUE THUNDER #10H IP 90 = 15,700 MCFE/DAY (RICE ENERGY)

31 NOBLE COUNTY

32 NOBLE COUNTY WELLS DRILLED = 126 WELLS PROD. = 63 CUM. OIL = 2,500,000 BBLS CUM. GAS = 43 BCF BIGGEST WELL: MYRON #1H IP 90 = 15,500 MCFE/DAY (ANTERO)

33 MONROE COUNTY

34 MONROE COUNTY WELLS DRILLED = 145 WELLS PROD. = 45 CUM. OIL = 187,000 BBLS CUM. GAS = 69 BCF BIGGEST WELL: SHROYER UNIT #2H IP 90 = 20,600 MCFE/DAY (ECLIPSE RESOURCES)

35 WASHINGTON COUNTY

36 WASHINGTON COUNTY WELLS DRILLED = 9 WELLS PROD. = 6 CUM. OIL = 49,000 BBLS CUM. GAS = 1.8 BCF BIGGEST WELL: GARVIN #1H IP 90 = 4,000 MCFE/DAY (PDC ENERGY)

37 WELLS DRILLING OR DRILLED PRODUCING WELLS OIL WINDOW WET GAS DRY GAS

38 1,800,000 CUMULATIVE MCFE PRODUCED PER PRODUCING WELL BY COUNTY CUM. MCFE TOTAL PRODUCERS 1,600,000 1,400,000 1,200,000 1,000, , , , ,000 0

39 1,800,000 CUMULATIVE GAS PRODUCED PER PRODUCING WELL BY COUNTY CUM. MCF TOTAL PRODUCERS 1,600,000 1,400,000 1,200,000 1,000, , , , ,000 0

40 45,000 CUMULATIVE OIL PRODUCED PER PRODUCING WELL BY COUNTY CUM. BBLS TOTAL PRODUCERS 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0

41 IO UTICA GAS PRODUCTION BY YEAR GAS PRODUCTION, BCF YEAR

42 IO UTICA OIL PRODUCTION BY YEAR YEAR OIL PRODUCTION, MILLION BBLS

43 IO UTICA BCFE PRODUCTION BY YEAR BCFE YEAR

44 WELLS DRILLING OR DRILLED DRILLING RIGS AS OF SOURCE: BAKER HUGHES OIL WINDOW WET GAS DRY GAS

45 QUESTIONS?