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Ohio energy production rising as wells increase



Published: Wed, January 1, 2014 @ 10:04 p.m.

COLUMBUS (AP) — A new report says Ohio energy companies extracted more than twice as much oil and gas from the Utica shale during three months last year than all of 2012.

The figures were released thanks to a new law that requires companies to file production updates for the geological formation every quarter instead of annually.

The Columbus Dispatch reports today that in the three-month-period ending in September, 245 wells produced a total of 1.3 million barrels of oil and 33.6 billion cubic feet of natural gas.

For all of 2012, 85 wells produced 635,876 barrels of oil and 12.8 billion cubic feet of gas.

Industry experts attribute the increase to a growth in active wells.

The figures were released earlier this week by the Department of Natural Resources.


Comments

1ohioption(49 comments)posted 9 months, 3 weeks ago

Thanks to all who help us stay warm on these cold January days. And thanks for the very economical price of natural gas as compared to the price of heating oil.

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2NoBS(1963 comments)posted 9 months, 3 weeks ago

How much of the oil and gas is being or will be exported?

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3UticaShale(854 comments)posted 9 months, 3 weeks ago

"Global Oil Companies forgive our local socialist who try to mislead the low information people of the Valley. As mentioned above thank you for bringing investments, jobs and low cost energy to our great country and please disregard the FrackPots, they know not what they do."

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