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Author Topic: Ohio energy production rising as wells increase Back to Topics
bar1035

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Charlotte

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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
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ExplorerWA
Champion Author Washington

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Message Posted: Jan 3, 2014 12:44:58 AM

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

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Message Posted: Jan 3, 2014 12:08:41 AM

and gas is so expensive why?
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mlmeng
Champion Author Michigan

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Message Posted: Jan 3, 2014 12:08:15 AM

Applied technology providing rewards to mankind.
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winks44
Champion Author Georgia

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Message Posted: Jan 3, 2014 12:08:04 AM

Good.
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Toppers
Champion Author Atlanta

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Message Posted: Jan 3, 2014 12:06:44 AM

Good data!
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zimowski
Champion Author San Jose

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Message Posted: Jan 3, 2014 12:05:33 AM

great
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rahcat
Champion Author Grand Rapids

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Message Posted: Jan 3, 2014 12:04:48 AM

Excellent.
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beaverkeeper
Champion Author Hamilton

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Message Posted: Jan 3, 2014 12:04:46 AM

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

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Message Posted: Jan 3, 2014 12:04:14 AM

Cheaper gas?
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speedraider
Champion Author Orlando

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Message Posted: Jan 3, 2014 12:03:58 AM

ok
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troutbum7
Champion Author Nevada

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Message Posted: Jan 3, 2014 12:02:13 AM

Good I hope we can use it here.
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Becky_Gelke
All-Star Author Cincinnati

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Message Posted: Jan 3, 2014 12:01:59 AM

OK
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Jan 3, 2014 12:00:39 AM

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

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Message Posted: Jan 3, 2014 12:00:15 AM

good.
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DragonLady76
Champion Author Illinois

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Message Posted: Jan 2, 2014 11:56:50 PM

GOOD NEWS!
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SpankyMI
Champion Author Kalamazoo

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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.
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vjs3
Champion Author Denver

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Message Posted: Jan 2, 2014 12:51:30 PM

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

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Message Posted: Jan 2, 2014 12:05:51 PM

Good.
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jimgraham
Champion Author Akron

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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..
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JamesCalvin
Champion Author Lancaster

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Message Posted: Jan 2, 2014 9:34:31 AM

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

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Message Posted: Jan 2, 2014 9:14:41 AM

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

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Message Posted: Jan 2, 2014 8:53:29 AM

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

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Message Posted: Jan 2, 2014 8:51:26 AM

YOUR RIGHT
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91Hilux
Champion Author New Haven

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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.
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POWERSTROKE7.3L
Champion Author Washington

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Message Posted: Jan 2, 2014 8:36:12 AM

K.
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survken
Champion Author Indiana

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Message Posted: Jan 2, 2014 8:28:42 AM

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

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Message Posted: Jan 2, 2014 8:26:45 AM

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

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Message Posted: Jan 2, 2014 8:25:38 AM

ok
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iGas38
Champion Author Portland

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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.
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slkmoo
Champion Author Ontario

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Message Posted: Jan 2, 2014 8:21:03 AM

go for it
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Chas58
Champion Author Detroit

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Message Posted: Jan 2, 2014 8:20:13 AM

Drill, baby, drill!
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streetdesign
Champion Author Illinois

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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.
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neptune2008
Champion Author Michigan

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Message Posted: Jan 2, 2014 8:17:34 AM

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

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Message Posted: Jan 2, 2014 8:16:42 AM

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

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Message Posted: Jan 2, 2014 8:15:41 AM

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

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Message Posted: Jan 2, 2014 8:14:23 AM

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

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Message Posted: Jan 2, 2014 8:13:54 AM

at what cost to their environment?
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wilsmoke
Champion Author Albany

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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 ????
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Joeatcret
All-Star Author South Carolina

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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.
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suzyq2007
Champion Author Dallas

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Message Posted: Jan 2, 2014 8:13:10 AM

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

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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.
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reflow
Champion Author Evansville

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Message Posted: Jan 2, 2014 8:11:03 AM

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

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Message Posted: Jan 2, 2014 8:10:29 AM

and prices are up
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condé
Champion Author Michigan

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Message Posted: Jan 2, 2014 8:10:26 AM

good
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bpj13
Champion Author North Carolina

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Message Posted: Jan 2, 2014 8:09:35 AM

Good.
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olepaw
Champion Author Columbus

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Message Posted: Jan 2, 2014 8:09:19 AM

go bucks
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dgracing318
Champion Author Georgia

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Message Posted: Jan 2, 2014 8:09:02 AM

Ok
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1fuelish1
Champion Author Charlotte

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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.
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Joeatcret
All-Star Author South Carolina

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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.
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JDHancock
All-Star Author Florida

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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...
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