Deep Dive Into 3rd Quarter 2017 Utica Shale Production Data

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The Ohio Department of Natural Resources has now released the production data from the Utica shale for the third quarter of 2017. As always, we are going to give you a look at how the numbers compare to past quarters, past years, and how they break down among the various drillers who are active in Ohio and the counties where they are drilling. We also have the top 10 oil and gas wells detailed below.

PRODUCTION RATE COMPARISONS

First up, let's take a look at how the quarterly data compares from the 1st quarter of 2014 through the third quarter of 2017. As a reminder, all oil figures are 42-gallon barrels, and all gas production is measured in MCF:

So, after four consecutive quarters of declining oil production, this makes three quarters in a row with a rise in total oil production.  Production rates dropped off for the second straight quarter, with the amount of oil per day in production matching the low point previously hit in the final quarter of 2016.

Gas production hit a new single-quarter peak for the third straight quarter, and also reached a new high for gas produced per well in production.

The next table shows the production comparison year-over-year, as well as a look at where 2017 production is on pace to end up based on the first three quarters.



Oil continues to be on pace for a year-over-year decline of over 1.5 million barrels.  However, gas production continues to be on the pace to increase year-over-year yet again.  

TOP PRODUCING WELLS

Here are the top 10 oil-producing wells in quarter three of 2017:



And here are the top 10 gas-producing wells from quarter three:



COUNTY-BY-COUNTY

Here is the production data broken down by county:

Belmont County has passed Carroll County in terms of the number of permits issued, and is closing the gap on the amount of wells producing.  The numbers make it easy to see why, with the gas production rates far outpacing the performance of Carroll County wells.  Guernsey County, meanwhile, continues to be by far the most productive oil county in terms of production rates.

OPERATOR-BY-OPERATOR

And here are the results broken down by operator:



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