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Marcellus horizontal well activity

Compared to the week of January 17th, not much has changed regarding activity and operations in the Marcellus Shale.  However, one company’s CEO thinks the Marcellus and Utica shale regions are the best of the best, and that means prospective growth in the face of widespread cutbacks across the industry.

EnLink Midstream Partners CEO Barry Davis shared with conference attendees at the Hart Energy Marcellus-Utica Midstream Conference that he believes the two shale regions are in prime positions for growth.  Davis explained how EnLink Midstream is expecting a 50 percent nationwide decline in shale operations, but the reductions will allow activity to focus on top shale plays out there.

Davis commented on what he believes is the “best of the best:”

The good news is, when we look at the Marcellus-Utica, we believe it is the best of the best … It’s going to continue to be a major and growing contributor to the domestic oil and gas supply.

Forty-four horizontal permits were issued during the week that ended Jan. 31st, and twenty-nine wells were drilled in the Marcellus Shale.

The following information is provided by the Ohio Department of Natural Resource for the week of January 31st.

DRILLED 16
DRILLING 1
PERMITTED 15
PRODUCING 12
TOTAL 44

Forty-four horizontal permits were issued during the week that ended Jan. 31st, and twenty-nine wells were drilled in the Marcellus Shale.

Top Counties by Number of Permits

MONROE 32
BELMONT 9
JEFFERSON 2
CARROLL 1

Top Companies by Number of Permits

STATOIL USA ONSHORE PROP INC 14 PHILLIPS EXPLORATION INC 1
TRIAD HUNTER LLC 13 PROTEGE ENERGY II LLC 1
XTO ENERGY INC. 4 ECLIPSE RESOURCES I LP 1
AMERICAN ENERGY UTICA LLC 3 EM ENERGY OHIO LLC 1
HESS OHIO RESOURCES LLC 3 CNX GAS COMPANY LLC 1
CHESAPEAKE EXPLORATION LLC 1  GULFPORT ENERGY CORPORATION 1

For information pertaining directly to Marcellus Shale activity in Pennsylvania, click here.

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