
Operators are drilling step-out wells around the main part of the Utica that may extend the play. (Source: Shutterstock)
The Utica shale in Ohio is not the best U.S. oil play and not the worst. It's right there in the middle, Enverus Intelligence Research said in a report.
According to a new well performance analysis, the Utica’s economics demonstrate “competitiveness” with established oil plays in the Lower 48, Enverus reported.
"A relatively small and consistent proven fairway for Utica oil achieves economics that rank below the Midland, Delaware and Denver-Julesburg but above the Bakken and Eagle Ford,” said Mah Noor Imtiaz, an associate at Enverus.
Recent wells in the Utica need longer laterals to achieve production rates in the first six months comparable to those in the Delaware Basin in Texas and New Mexico, Enverus said. Operators are drilling step-out wells around the main part of the Utica that may extend the play.
Recommended Reading
Occidental, Ecopetrol Extend Midland Basin Drilling JV
2025-02-03 - The updated plans between Occidental and Colombian state oil company Ecopetrol call for 34 new Midland Basin wells between April 2025 and June 2026.
US Energy Development Corp. Plans $1B Spend, Largely in Permian
2025-02-03 - U.S. Energy Development Corp. is planning to spend up to $1 billion across the Lower 48 this year, with most budgeted for the Permian Basin.
Boaz Energy Completes Sale of PermRock Properties to T2S
2025-04-01 - Boaz Energy II has completed the sale of PermRock Royalty Trust’s underlying oil and gas properties to T2S Permian Acquisition II LLC.
Chevron JV Plans 4-GW Project to Fulfill US Data Center Power Needs
2025-01-28 - Chevron U.S.A. Inc., Engine No. 1 and GE Vernova will develop the natural gas-fired power plants co-located with data centers amid President Trump’s push for AI dominance.
Elk Range Acquires Permian, Eagle Ford Minerals and Royalties
2025-01-29 - Elk Range Royalties is purchasing the mineral and royalty interests of Newton Financial Corp., Concord Oil Co. and Mission Oil Co.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.