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Ohio Utica Shale

Carrizo reports on initial Utica well in Guernsey County

By Bob Downing Published: January 16, 2014

HOUSTON, Jan 16, 2014 (GLOBE NEWSWIRE via COMTEX) -- Carrizo Oil & Gas, Inc. /quotes/zigman/63660/delayed/quotes/nls/crzoCRZO+0.99% today announced results from its initial Utica Shale well, the Rector 1H.

Summary highlights

-- The Rector 1H tested at a peak rate of 1,680 Bbl/d of condensate, 5.2 MMcf/d of residue gas, and 266 Bbl/d of NGLs, assuming ethane rejection and a natural gas shrink of 7%, or 2,816 Boe/d on a 24/64 in. choke.

Utica Shale Update

Earlier this month, Carrizo brought its initial Utica Shale well, the Rector 1H in Guernsey County, Ohio, online after its resting period. The Rector 1H was drilled to a true vertical depth of 7,456 ft. with an effective lateral of 7,890 ft. and was completed with 31 frac stages. The well tested at a peak gross rate of 1,680 Bbl/d of condensate and 5.6 MMcf/d of rich natural gas with a Btu content of 1,248 on a 24/64 in. choke. In ethane rejection mode, the gas stream is expected to yield 47 Bbl/d of NGLs per MMcf of gas and result in a natural gas shrink of 7%. Assuming full ethane recovery, the gas stream is expected to produce 111 Bbl/d of NGLs per MMcf of gas and result in a natural gas shrink of 17%. Carrizo plans to continue to conduct various flow and pressure tests on the well until it is hooked up to a sales pipeline later this year.

The company currently plans to bring a drilling rig into the Utica Shale in early Q2 to begin its 2014 drilling program. Carrizo then expects to maintain a 1-rig program in the play for the balance of the year.

Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from resource plays located in the United States. Our current operations are principally focused in proven, producing oil and gas plays primarily in the Eagle Ford Shale in South Texas, the Niobrara Formation in Colorado, the Marcellus Shale in Pennsylvania, and the Utica Shale in Ohio.

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

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ODNR Division of Geological Survey.

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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.

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Penn State Marcellus Center.

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

Allegheny Front, environmental public radio for Western Pennsylvania.