Utica Shale witnessed a decrease of 6.64% in total oil and gas production to 617,892.15 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production in Utica declined 30.09% in August 2021 from 883,812.93 boe/d in August 2020. On a YTD basis, the total oil and gas production in the play decreased by 25.87% from the same period in 2020.
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In Utica, oil production declined 5.01% in August 2021 as compared with the previous month, while gas production decreased by 6.71% to 3,443.49 mmcf/d.
On a YTD basis, oil production in the play decreased by 39.46% in 2021 when compared with the same period in 2020, while gas production declined by 25.13%. Out of the total oil and gas production in August 2021, oil held a 3.89% share, while gas had a 96.08% share.
In Utica, Ascent Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 174,263.3 boe/d in August 2021, a decrease of 6.2% from the previous month. The company held a 32.6% share in oil production and 28.03% share in gas production in August 2021.
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By GlobalDataOn a YTD basis, the company registered a 40.01% decrease in total oil and gas production from the same period in 2020.
Compared with other counties within Utica Shale, Belmont county recorded the highest oil and gas production, holding a 31.02% share in August 2021. The county witnessed a 6.28% decrease in production to 191,678.39 boe/d in August 2021 when compared with the previous month.
On a YTD basis, it registered a decline of 36.49% in total production from the same period in 2020.
Methodology
All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.
GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.
