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Oil, gas production in 2012 double 2011’s output



Published: Thu, May 16, 2013 @ 4:48 p.m.

Oil, gas production in 2012 double 2011’s output

COLUMBUS — Eighty-seven wells tapped into eastern Ohio’s underground shale formations have produced nearly 636,000 barrels of oil and 12.8 billion cubic feet of natural gas last year, nearly double the volume produced in 2011, according to a report released Thursday by the Ohio Department of Natural Resources.

The number of wells in the state’s Utica formation also grew to 87 from two.

The horizontal hydraulic fracturing, or fracking, wells accounted for 12 percent of the state’s total oil and 16 percent of its total gas production in 2012.

And state officials projected that total fracked production will outpace conventional vertical well production within three years.

“We believe Ohio is now at the beginning of a historic era of oil and gas production,” said Jim Zehringer, director of the Ohio Department of Natural Resources.


Comments

1Jerry(475 comments)posted 1 year, 1 month ago

Oil and gas production in 2012 was double 2011’s output; and yet US energy related CO2 emissions in 2012 were the lowest in twenty years. And it was all due to free-market driven advances and initiatives having NOTHING to do the absurd big government schemes relating to carbon taxes, carbon credits, renewable energy initiatives, green energy subsidies, wind turbines, solar panels, blah, blah, blah....

http://jerrygraf.wordpress.com/2013/0...

There is no doubt that we in the USA need to alter our energy strategy. The question of how we will change it, however, needs to be determined by scientific evaluation of fact and logical analysis of performance and economics; not by emotion, political considerations, and “feel good” methodologies.

http://jerrygraf.wordpress.com/about/

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