From Texas-based Halcon Resources Corp. in a 2013 operational update released on Monday.
Here is what the company had to report on the Utica shale in Ohio and northwest Pennsylvania:
The Company has now drilled eight wells and is currently drilling its ninth well on its 140,000 net acre position in
Pilot holes were drilled on five of the nine wells with complete log suites. In addition, a total of 1,844 feet of conventional core has been acquired across the
Halcón has also made numerous data trades with offset operators and has joined several industry data consortiums. The delineation phase that was previously outlined is essentially complete. The Company is now entering the evaluation phase and will integrate the compiled data with well test and production results to best determine where and how to proceed once the development phase commences.
The data acquired to date is encouraging. Based on petrophysics tied to core data, the original gas in place per section is 100 Bcf at the
It is important to note that the average lateral lengths and the number of frac stages per well are expected to increase as Halcón transitions into the development phase, which should translate into improved rates and recoveries. The Company is targeting lateral lengths between 7,000 and 9,000 feet where possible. Shale play economics generally improve over time due to more effective drilling and completion techniques combined with a better understanding of the reservoir. Halcón continues to focus on building an inventory of approved/permitted multi-well pads in preparation for a full scale development program.
Halcón Field Services continues to identify midstream opportunities and is currently evaluating the potential for a joint venture in the play.
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.