Important Ohio Utica Shale Production Numbers Coming Soon

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Utica Shale production numbers soon to be unveiled
From Seeking Alpha:
Results for key wells in the Utica Shale will become available over the next couple of months. The results from these wells will have a great impact on the share prices of a number of oil and gas exploration companies that have acreage positions in Eastern Ohio. Among these companies are Chesapeake Energy (CHK), Gulfport Energy (GPOR), Hess (HES), EV Energy Partners (EVEP), Rex Energy (REXX), PDC Energy (PETD), Anadarko Petroleum (APC), Consol Energy (CNX), Magnum Hunter (MHR) and Devon Energy (DVN). 
Utica Shale Results So Far Have Been Limited 
In September of 2011, Chesapeake announced results of the first three horizontal wells drilled in the Eastern Ohio portion of the Utica Shale. Two of the wells were in Carroll County, Ohio, each achieving peak rates over 1,500 boe/day, with about two-thirds of the production being liquids. The best well result, however, was in Harrison County, Ohio, where the Buell 10-11-5 8H well had a peak rate of 3,010 boe/day, with one-half of the production in liquids. The positive results, particularly from the Buell well, accelerated the aggressive acquisition of acreage in Ohio and prompted Chesapeake CEO Aubrey McClendon to say that the Utica Shale could be "the biggest thing economically to hit Ohio, since maybe the plow." 
Since that time, however, natural gas prices have declined and there have been few significant well result announcements. Hess did revealthat a well in Jefferson County, Ohio had an initial rate of 11 MMcf/day. Anadarko also released results from 3 wells, which it called "strong" initial results, with its best initial well producing 9,500 barrels of oil and 12 MMcf natural gas in its first 20 days of production (i.e., a 20-day average of about 575 boe/day). 
In May, Chesapeake reported results from three more Carroll County wells with peak rates between 1125 and 1440 boe/day (again mostly oil and liquids), and updated its results with the Buell well. The most important result was that the Buell well was still producing over 1,000 boe/day and had an estimated EUR of at least 575,000 barrels of liquids and 13 bcf of natural gas (i.e., an EUR of over 2,700,000 boe!).
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