Gulfport Energy Corp.’s top executive, Michael G. Moore, president and chief executive officer, had a lot to say about the Utica shale in a conference call with industry analysts.
Here is what Moore said during Thursday’s call:
• Utica shale is “one of North America’s premier shale plays.”
• “Gulfport drilled 20 wells in the second quarter with an average drill time of 24 days per well, a decrease of 39 percent over the average drill days of 2013.”
• “The team drilled the company’s longest lateral to date of 11,147 feet.”
• “Later in the second quarter, Gulfport brought online ten wells in Utica, eight wells in the wet gas window and two wells in the condensate window of the play.”
“Gulfport continues to acquire acreage focus areas in Ohio and West Virginia and today have approximately 184,500 acres under lease.” In Ohio, the company is paying about $7,000 an acre and focusing primarily on Belmont and Monroe counties.
• “With 2 1/2 years of drilling in Ohio under our belt and over 60 wells producting, we’re pleased Gulfport is sitting at a very unique position compared to other companies in play.”
• Gulfport put ten wells online in the second quarter.
• Gulfport expects to put 14 to 20 wells online in each of the current third and upcoming fourth quarters. Just one of those wells is expected to be a dry gas well. “In the third quarter I will tell you, we’ve already brought on seven wells and all of those are wet gas wells.”
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.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
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.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.