Here is what New York-based Hess Corp. had to say last week in its first quarter financial report on Ohio's Utica shale:
Across the Corporationís position, four wells were drilled, seven wells were completed and five wells were flow tested. Three of the five tested wells were operated by Hess. On the Corporationís 100 percent-owned acreage two wells were tested during the quarter. The Capstone 2H9 well, in Belmont County, tested at a rate of 2,242 barrels of oil equivalent per day including 42 percent liquids, and the NAC 4H-20 well, in Jefferson County, tested at a rate of 7.5 million cubic feet per day of dry gas. On our joint venture acreage, we tested the Jeffco 1H-6 well, in Harrison County, at a rate of 1,432 barrels of oil equivalent per day including 20 percent liquids. As previously announced, the Athens 1H-24 well, in Harrison County, was tested in late 2012 with a rate of 4,230 barrels of oil equivalent per day including 59 percent liquids.