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Ohio Utica Shale

Additional details from Antero Resources' earnings call

By Bob Downing Published: May 10, 2014

Here are some interesting Utica shale tidbits from Colorado-based Antero Resources from this week’s earnings calls between energy companies and analysts:

Its Utica shale net production in the first quarter 2014 was 79 million cubic feet of natural gas equivalents per day, plus 5,200 barrels per day of liquids.

The company expects a 50 percent increase in the Utica to 120 million cubic feet of equivalents in the second quarter 2014.

Antero has five of the top 10 natural gas wells in Ohio including the most-productive gas well, the Gary 1-H in Monroe County.

Antero says it those five wells are the only wells it has drilled, to date, in the Utica’s wet-gas window.

The company said its oil production was in excess of 3,000 barrels per day or 18 percent of the liquids production, mostly from the Utica shale.

Liquids accounted for 24 percent of the quarter’s revenue for Antero.

 It has 27 producing horizontal wells in the Utica.

 It completed 12 wells in the quarter.

A total of 15 wells have been completed and placed online since Jan. 1.

It has 115,000 net acres in the Utica rich- gas-condensate window.

Its second most-productive natural gas well is the Myron 1H well in Ohio’s Noble County. It is producing 26 million cubic feet of equivalents per day with 50 percent liquids in 30-day rates.

It has an 11,690-foot lateral that company officials said is the firm’s longest lateral and may be the longest in Appalachia.

It was included in the company’s April operations report.

The company has identified 29 potential liquid-rich drill sites at Ohio’s Piedmont Lake.

Antero signed a $95 million lease with the Muskingum Watershed Conservancy District for 6,363 net acres.

The company expects to drill longer 8,600-foot laterals with 1,000 feet between laterals.

The company added its first 120 million cubic feet per day compressor in late January 2014 with a second station starting in late March 2014.

It has 779 undrilled 3P locations(proved, probable and possible reserves)  identified and 1,080 undrilled resource locations.

It has firm processing commitments for 600 million cubic feet of natural gas per day in the Utica and Marcellus shales.

By 2016, the company expects to ship 49 percent from the Utica and Marcellus to the Gulf Coast, 23 percent to the Midwest and 28 percent to Appalachia.

In 2013, 51 percent of its product went to the Gulf Coast and 49 percent stayed in Appalachia.

Antero cites a Magnum Hunter well in Ohio’s Monroe County, the Stalder 3UH well, that is producing 32.5 million cubic feet per day in the dry-gas window.

Gulfport Energy’s Irons 1-4H well in Belmont County, is producing 30.3 cubic feet of natural gas per day, Antero reported.

Those two wells plus four other nearby wells are part of the reason that Antero wants to drill a dry-gas Utica well later this year in West Virgi9nia’s Tyler County.

Antero has spent $1.5 billion to build 170 miles of water lines in the Utica and Marcellus shales.

Doing that has saved the company up to $800,000 in water costs per well.

The company has been adding 4,000 to 5,000 acres per month to its lease holdings.










See the most recent drilling report and an injection wells map From
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Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

Shale Sheet Fracking, a Youngstown Vindicator blog.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.

Concerned Citizens of Medina County, a grass-roots group.

No Frack Ohio, a Columbus-based grass-roots group.

Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.