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November 5, 2021updated 08 Nov 2021 4:58am

Utica Shale production declined by 6.34% in July 2021

By Carmen

Utica Shale witnessed a decrease of 6.34% in total oil and gas production to 6,61,931.42 boe/d in July 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The total oil and gas production in Utica declined by 25.26% in July 2021 over the 12-month period from 8,85,589.6 boe/d in July 2020. On a YTD basis, the total oil and gas production in the play decreased by 25.37% from the same period in 2020.

In Utica oil production declined by 15.41% in July 2021 as compared with the previous month, while gas production decreased by 5.93% to 3,689.08 mmcf/d.

On a YTD basis, oil production in the play decreased by 38.57% in 2021 when compared with the same period in 2020, while gas production declined by 24.65%. Out of the total oil and gas production in July 2021, oil held a 3.88% share, while gas had a 96.09% share.

 

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In Utica, Ascent Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 1,85,485.8 boe/d in July 2021, a decrease of 9.5% from the previous month. The company held a 33.26% share in oil production and 27.82% share in gas production in July 2021.

On a YTD basis, the company registered a 39.8% 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 30.75% share in July 2021. The county witnessed a 4.28% decrease in production to 2,03,538.37 boe/d in July 2021 when compared with the previous month.

On a YTD basis, it registered a decline of 37.03% 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.

More in-depth reports and analysis on all reported information are available to subscribers through GlobalData’s Oil and Gas database.

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