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Ohio Utica Shale

Analyst loves Cabot Oil & Gas and its Susquehanna County wells

By Bob Downing Published: February 26, 2013

From the Marcellus Drilling News:

Another post from energy analyst Richard Zeits on the Seeking Alpha website—this time about the tremendous amount of natural gas Cabot Oil & Gas is mining in Susquehanna County, PA. Zeits says the gas Cabot is finding and selling “may be material to the U.S. supply.” You read that right. One “little” oil and gas driller’s efforts in rural Susquehanna County, PA may well end up influencing the entire U.S. energy picture.

Full of charts and maps and oodles of great information, here’s a small portion of Zeits’ analysis, a prediction for how long Cabot will be drilling in Susquehanna County, and how many wells they’ll end up drilling there:


Cabot mentioned that it sees at least 3,000 future drilling locations on its “couple of hundred thousand acres” in Susquehanna County. The location count includes staggered wells, at least on a portion of the acreage, with laterals landed in the Lower Marcellus and the Upper Marcellus and separated by 500 feet (a pilot well pair drilled by Cabot in 2012 has so far shown positive results).

Cabot will also test down-space opportunities in the lower Marcellus.

Even assuming that a high-graded inventory of most economic drilling locations would include only half of the 3,000 potential wells mentioned by Cabot, it would still take the company over a decade to fully develop the acreage, assuming rig count ramping up to ten rigs in four years.*

Read the rest of this don’t-miss-it article by clicking on the link below.

*Seeking Alpha/Richard Zeits (Feb 25, 2013) – Marcellus Shale: Giant Well Parade In Susquehanna County



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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.