Shale gas production is picking up speed in Ohio again as oil extraction from horizontal wells continues to grow at a quickening pace. In absolute terms, the Buckeye State now is producing more oil and gas than at any time since the administration of Republican Gov. Frank Willis in the early 1900s.
New figures from the Ohio Department of Natural Resources (ODNR) show 21 percent growth in natural gas produced by horizontal “fracking” during the second quarter of 2015 and 27 percent growth in oil extraction. Those numbers are up from 11 percent growth for gas and 24 percent growth for oil in the first quarter of 2015, suggesting gas yields are returning to the even higher growth rates seen in 2014. (See The Hannah Report, 6/1/15.)
Total production for the second quarter saw 5,578,255 barrels of oil and 221,860,169 Mcf (222 billion cubic feet) of natural gas.
“These numbers break all previous production reporting records for the last 100 years,” ODNR’s Oil and Gas Division said.
Year over year, oil yields have risen 126 percent and gas, 150 percent since the second quarter of 2014.
The division update identifies 1,020 wells in Ohio, 978 of which reported production, compared to 562 wells and 504 with production in the second quarter of 2014. Forty-two wells were still awaiting pipeline infrastructure this year.
Story originally published in The Hannah Report on August 28, 2015. Copyright 2015 Hannah News Service, Inc.