Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:02 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Ohio energy production rising as wells increase Back to Topics
bar1035

Champion Author
Charlotte

Posts:13,872
Points:2,209,420
Joined:Aug 2006
Message Posted: Jan 2, 2014 1:04:09 AM

COLUMBUS, Ohio — A new report says Ohio energy companies extracted more than twice as much oil and gas from the Utica shale during three months last year than all of 2012.
The figures were released thanks to a new law that requires companies to file production updates for the geological formation every quarter instead of annually.

The Columbus Dispatch reports Wednesday (http://bit.ly/1iulhg1 ) that in the three-month-period ending in September, 245 wells produced a total of 1.3 million barrels of oil and 33.6 billion cubic feet of natural gas.

For all of 2012, 85 wells produced 635,876 barrels of oil and 12.8 billion cubic feet of gas.

Industry experts attribute the increase to a growth in active wells.


Visit Dayton News for full article
REPLIES (newest first) Post a Reply
Profile Pic
ExplorerWA
Champion Author Washington

Posts:6,058
Points:1,536,785
Joined:Feb 2011
Message Posted: Jan 3, 2014 12:44:58 AM

Lets see it with lower prices at the pump.
Profile Pic
arizona182004
Champion Author Indiana

Posts:1,007
Points:427,960
Joined:Mar 2012
Message Posted: Jan 3, 2014 12:08:41 AM

and gas is so expensive why?
Profile Pic
mlmeng
Champion Author Michigan

Posts:5,160
Points:1,500,090
Joined:Mar 2011
Message Posted: Jan 3, 2014 12:08:15 AM

Applied technology providing rewards to mankind.
Profile Pic
winks44
Champion Author Georgia

Posts:3,143
Points:1,052,565
Joined:Apr 2008
Message Posted: Jan 3, 2014 12:08:04 AM

Good.
Profile Pic
Toppers
Champion Author Atlanta

Posts:12,464
Points:3,386,875
Joined:Mar 2005
Message Posted: Jan 3, 2014 12:06:44 AM

Good data!
Profile Pic
zimowski
Champion Author San Jose

Posts:10,095
Points:2,421,185
Joined:Nov 2007
Message Posted: Jan 3, 2014 12:05:33 AM

great
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:6,275
Points:1,593,325
Joined:Jan 2010
Message Posted: Jan 3, 2014 12:04:48 AM

Excellent.
Profile Pic
beaverkeeper
Champion Author Hamilton

Posts:16,861
Points:3,436,670
Joined:Jan 2006
Message Posted: Jan 3, 2014 12:04:46 AM

And the big oil companies are probably going to sell it to the Chinese.
Profile Pic
stratlinetime
Champion Author Kalamazoo

Posts:5,811
Points:1,454,365
Joined:Feb 2011
Message Posted: Jan 3, 2014 12:04:14 AM

Cheaper gas?
Profile Pic
speedraider
Champion Author Orlando

Posts:7,195
Points:2,496,850
Joined:Nov 2005
Message Posted: Jan 3, 2014 12:03:58 AM

ok
Profile Pic
troutbum7
Champion Author Nevada

Posts:1,729
Points:699,420
Joined:Oct 2012
Message Posted: Jan 3, 2014 12:02:13 AM

Good I hope we can use it here.
Profile Pic
Becky_Gelke
Champion Author Cincinnati

Posts:1,283
Points:430,085
Joined:Oct 2013
Message Posted: Jan 3, 2014 12:01:59 AM

OK
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:6,591
Points:1,442,855
Joined:Sep 2011
Message Posted: Jan 3, 2014 12:00:39 AM

Good for them!!!!
Profile Pic
MahopacJack
Champion Author New York

Posts:9,992
Points:1,950,795
Joined:Feb 2008
Message Posted: Jan 3, 2014 12:00:15 AM

good.
Profile Pic
DragonLady76
Champion Author Illinois

Posts:2,203
Points:594,380
Joined:Feb 2009
Message Posted: Jan 2, 2014 11:56:50 PM

GOOD NEWS!
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:5,673
Points:1,588,365
Joined:Jan 2011
Message Posted: Jan 2, 2014 11:55:18 PM

To bad supply and demand theories do not work when it comes to gas and oil production.
Profile Pic
vjs3
Champion Author Denver

Posts:3,838
Points:1,410,815
Joined:Jun 2011
Message Posted: Jan 2, 2014 12:51:30 PM

Sure wish this would mean lower prices...
Profile Pic
ClarkSC
Champion Author South Carolina

Posts:6,116
Points:1,896,355
Joined:May 2010
Message Posted: Jan 2, 2014 12:05:51 PM

Good.
Profile Pic
jimgraham
Champion Author Akron

Posts:13,918
Points:2,871,585
Joined:Oct 2007
Message Posted: Jan 2, 2014 11:43:28 AM

I still see some of the old pump jacks nodding away - and even more sleeping in the fields..
Profile Pic
JamesCalvin
Champion Author Lancaster

Posts:6,811
Points:1,446,560
Joined:Nov 2011
Message Posted: Jan 2, 2014 9:34:31 AM

I well remember the Ohio oil well pumps when we drove through Ohio in 1953!
Profile Pic
skempton
Champion Author Vermont

Posts:4,479
Points:1,644,500
Joined:Apr 2010
Message Posted: Jan 2, 2014 9:14:41 AM

It will not drop, only rise.
Profile Pic
MBob1
Champion Author Cleveland

Posts:2,361
Points:612,840
Joined:Mar 2012
Message Posted: Jan 2, 2014 8:53:29 AM

So why don't we see the reduction in fuel costs that Texas sees?????
Profile Pic
ARCO
Champion Author Pittsburgh

Posts:5,759
Points:3,201,785
Joined:Sep 2005
Message Posted: Jan 2, 2014 8:51:26 AM

YOUR RIGHT
Profile Pic
91Hilux
Champion Author New Haven

Posts:3,376
Points:1,453,800
Joined:Aug 2007
Message Posted: Jan 2, 2014 8:50:02 AM

Big Oil & their share holders will enjoy the higher profits, because prices sure as heck haven't fallen.
Profile Pic
POWERSTROKE7.3L
Champion Author Washington

Posts:1,435
Points:331,550
Joined:Jul 2009
Message Posted: Jan 2, 2014 8:36:12 AM

K.
Profile Pic
survken
Champion Author Indiana

Posts:5,361
Points:952,935
Joined:Jul 2010
Message Posted: Jan 2, 2014 8:28:42 AM

I guess not enough to keep prices down.
Profile Pic
greshams
Champion Author Cincinnati

Posts:5,582
Points:1,254,460
Joined:Nov 2011
Message Posted: Jan 2, 2014 8:26:45 AM

sure can't tell by the prices we're paying.
Profile Pic
yzarc69
All-Star Author Michigan

Posts:834
Points:197,140
Joined:May 2012
Message Posted: Jan 2, 2014 8:25:38 AM

ok
Profile Pic
iGas38
Champion Author Portland

Posts:2,586
Points:688,125
Joined:Nov 2013
Message Posted: Jan 2, 2014 8:22:06 AM

Lots of oil and natural gas and gas prices are high too.....
More crude oil and Big Oil exports fuel to keep their profits high.
Profile Pic
slkmoo
Champion Author Ontario

Posts:4,452
Points:1,178,120
Joined:Apr 2012
Message Posted: Jan 2, 2014 8:21:03 AM

go for it
Profile Pic
Chas58
Champion Author Detroit

Posts:4,331
Points:1,165,375
Joined:Mar 2011
Message Posted: Jan 2, 2014 8:20:13 AM

Drill, baby, drill!
Profile Pic
streetdesign
Champion Author Illinois

Posts:3,718
Points:1,411,965
Joined:May 2011
Message Posted: Jan 2, 2014 8:19:53 AM

Ok. We have plenty of oil here but it is not doing much to bring down prices.
Profile Pic
neptune2008
Champion Author Michigan

Posts:11,020
Points:2,475,370
Joined:Aug 2008
Message Posted: Jan 2, 2014 8:17:34 AM

big oil....too big
Profile Pic
gws2980
Champion Author Philadelphia

Posts:5,569
Points:1,411,710
Joined:Oct 2010
Message Posted: Jan 2, 2014 8:16:42 AM

Why can't this help our prices
Profile Pic
BazooQC
Champion Author Montreal

Posts:13,136
Points:2,537,815
Joined:Oct 2008
Message Posted: Jan 2, 2014 8:15:41 AM

Yet gas prices remain high. Right.
Profile Pic
cucamongacurtis
Champion Author San Bernardino

Posts:4,397
Points:1,140,260
Joined:Oct 2012
Message Posted: Jan 2, 2014 8:14:23 AM

Excellent. Drill here, stop sending jobs overseas.
Profile Pic
gafgar
Champion Author Detroit

Posts:3,678
Points:986,825
Joined:Feb 2012
Message Posted: Jan 2, 2014 8:13:54 AM

at what cost to their environment?
Profile Pic
wilsmoke
Champion Author Albany

Posts:3,788
Points:2,421,085
Joined:Apr 2005
Message Posted: Jan 2, 2014 8:13:31 AM

All this higher production of oil I've been hearing about and the gas prices are going up ????
Profile Pic
Joeatcret
All-Star Author South Carolina

Posts:752
Points:90,370
Joined:Dec 2011
Message Posted: Jan 2, 2014 8:13:24 AM

I'm sure you are right about speculation, that being said: every time there is the slightest hint some of the smallest producers are off line or their is a threat thereof oil and fuel prices skyrocket immediately hence my Bizzaro World comment.
Profile Pic
suzyq2007
Champion Author Dallas

Posts:9,703
Points:2,259,695
Joined:Oct 2007
Message Posted: Jan 2, 2014 8:13:10 AM

this is good for them, but should prices not come down
Profile Pic
livedream
Champion Author Michigan

Posts:7,407
Points:1,605,245
Joined:Mar 2011
Message Posted: Jan 2, 2014 8:11:07 AM

1fuelish1 is right. Speculators will not allow our prices to fall accordingly. They will keep prices up for market profit.
Profile Pic
reflow
Champion Author Evansville

Posts:2,550
Points:1,369,045
Joined:May 2011
Message Posted: Jan 2, 2014 8:11:03 AM

That just don't sound right.
Profile Pic
braves89
Champion Author Chicago

Posts:11,140
Points:2,540,115
Joined:Apr 2008
Message Posted: Jan 2, 2014 8:10:29 AM

and prices are up
Profile Pic
condé
Champion Author Michigan

Posts:5,968
Points:2,394,825
Joined:Oct 2004
Message Posted: Jan 2, 2014 8:10:26 AM

good
Profile Pic
bpj13
Champion Author North Carolina

Posts:6,287
Points:1,764,760
Joined:Oct 2009
Message Posted: Jan 2, 2014 8:09:35 AM

Good.
Profile Pic
olepaw
Champion Author Columbus

Posts:1,032
Points:667,650
Joined:Apr 2012
Message Posted: Jan 2, 2014 8:09:19 AM

go bucks
Profile Pic
dgracing318
Champion Author Georgia

Posts:3,354
Points:1,238,180
Joined:May 2011
Message Posted: Jan 2, 2014 8:09:02 AM

Ok
Profile Pic
1fuelish1
Champion Author Charlotte

Posts:17,509
Points:2,684,625
Joined:Dec 2005
Message Posted: Jan 2, 2014 8:09:01 AM

Oil and gas prices are only slightly affected by increased volumes. Rampant speculation is the real underlying reason behind high prices.
Profile Pic
Joeatcret
All-Star Author South Carolina

Posts:752
Points:90,370
Joined:Dec 2011
Message Posted: Jan 2, 2014 8:08:51 AM

Have no fear!, the more that is found the higher the price! I'm living in
Bizarro World.
Profile Pic
JDHancock
All-Star Author Florida

Posts:826
Points:58,020
Joined:Nov 2008
Message Posted: Jan 2, 2014 8:08:50 AM

Okay, this is nice but until production is ramped up to where gas prices dropped LONG term, this means that they are price gouging...
Profile Pic
mnbeancounter
Champion Author Minnesota

Posts:8,142
Points:1,940,255
Joined:Oct 2009
Message Posted: Jan 2, 2014 8:08:43 AM

Keep pumping!
Post a reply Back to Topics