The EIA came out with its Drilling Productivity Report today, calling the Utica Region in eastern Ohio one of the fastest growing natural gas production areas in the United States.
“Total natural gas production in the Utica Region, which includes the Utica and Point Pleasant formations, increased from 115 million cubic feet per day (MMcf/d) in 2012 to an estimated 1.5 billion cubic feet per day (Bcf/d) in October 2014,” the report said.
Click here for the full report.
The Utica made its debut on the Drilling Productivity Report roughly one month ago to date. Production from the sprawling play has increased at a compounded monthly rate of 6% since January 2012, and total gas production currently rivals that of the Bakken. More production is ramping up – the Ohio Division of Oil & Gas Resources reported more than 2,400 horizontal wells have been either drilled or permitted in the state.
The EIA reports the Utica’s development in the past two years outpaces the growth rate seen in the Haynesville and Marcellus in their respective early years. Recoverable resource estimates are currently 15.7 Tcf.
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