Utica Shale witnessed a decrease of 0.3% in total oil and gas production to 10,77,311.8 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production in Utica declined 4.22% in March 2020 from 11,24,811.65 boe/d in March 2019. On a YTD basis, the total oil and gas production in the play decreased by 3.68% from the same period in 2019.
In Utica, oil production in March 2020 stood at 63,073.19 bd, while gas production decreased by 0.32% to 5,882.46 mmcf/d.
On a YTD basis, oil production in the play increased by 17.35% in 2020 when compared with the same period in 2019, while gas production declined by 4.74%. Out of the total oil and gas production in March 2020, oil held a 5.85% share, while gas had a 94.14% share.
In Utica, Ascent Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 3,78,215.79 boe/d in March 2020 from the previous month. The company held a 38.01% share in oil production and 34.93% share in gas production in March 2020.
On a YTD basis, the company registered a 4.79% increase in total oil and gas production from the same period in 2019.
Compared with other counties within Utica Shale, Belmont county recorded the highest oil and gas production, holding a 35.99% share in March 2020. The county witnessed in production to 3,87,750.18 boe/d in March 2020 when compared with the previous month.
On a YTD basis, it registered a decline of 12.53% in total production from the same period in 2019.
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.