Analyst: Gulfport and Chesapeake Are Driving the Utica Shale Production Surge

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From The Motley Fool:
According to new data released by Ohio's Department of Natural Resources, energy companies drilling in the state produced more than twice as much oil and gas from the Utica shale in the third quarter of 2013 as they did in the entire year of 2012.
In the three months through September 30, 245 wells produced 1.3 million barrels of oil and 33.6 billion cubic feet of natural gas, the Columbus Dispatch reported on Wednesday, with the average Utica well producing 5,439 barrels of oil and 137 million cubic feet of gas.
By contrast, 85 wells produced 635,876 barrels of oil and 12.8 billion cubic feet of gas for the full-year 2012. The figures were released as part of a new law that requires companies drilling in Ohio's Utica shale to release production figures on a quarterly basis, as opposed to annually.
At any rate, two companies really stood out in terms of their performance: Gulfport Energy(NASDAQ: GPOR  ) , which boasted the top five gas-producing wells and the top producing oil well in the third quarter, and Chesapeake Energy (NYSE: CHK  ) , which lay claim to five of the top ten  producing oil wells.
Read the rest of the article here.

The analysis in this article doesn't mention Antero, which boasted some of the most impressive natural gas numbers on a "per-well" basis.  It also goes against the sentiment that has been expressed by many in the wake of the latest production figures that Chesapeake's wells are underperforming in comparison to their competitors.

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