Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:02 PM

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:11,745
Points:1,636,095
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:5,825
Points:1,134,285
Joined:Feb 2011
Message Posted: Jan 3, 2014 12:44:58 AM

Lets see it with lower prices at the pump.
Profile Pic
arizona182004
All-Star Author Indiana

Posts:621
Points:268,040
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:3,320
Points:928,915
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:1,297
Points:475,315
Joined:Apr 2008
Message Posted: Jan 3, 2014 12:08:04 AM

Good.
Profile Pic
Toppers
Champion Author Atlanta

Posts:10,674
Points:2,807,000
Joined:Mar 2005
Message Posted: Jan 3, 2014 12:06:44 AM

Good data!
Profile Pic
zimowski
Champion Author San Jose

Posts:8,340
Points:1,921,665
Joined:Nov 2007
Message Posted: Jan 3, 2014 12:05:33 AM

great
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:4,350
Points:1,000,825
Joined:Jan 2010
Message Posted: Jan 3, 2014 12:04:48 AM

Excellent.
Profile Pic
beaverkeeper
Champion Author Hamilton

Posts:14,944
Points:2,918,790
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:3,967
Points:901,320
Joined:Feb 2011
Message Posted: Jan 3, 2014 12:04:14 AM

Cheaper gas?
Profile Pic
speedraider
Champion Author Orlando

Posts:5,360
Points:1,980,800
Joined:Nov 2005
Message Posted: Jan 3, 2014 12:03:58 AM

ok
Profile Pic
troutbum7
All-Star Author Nevada

Posts:944
Points:386,075
Joined:Oct 2012
Message Posted: Jan 3, 2014 12:02:13 AM

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

Posts:431
Points:111,235
Joined:Oct 2013
Message Posted: Jan 3, 2014 12:01:59 AM

OK
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:4,880
Points:913,735
Joined:Sep 2011
Message Posted: Jan 3, 2014 12:00:39 AM

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

Posts:9,054
Points:1,748,225
Joined:Feb 2008
Message Posted: Jan 3, 2014 12:00:15 AM

good.
Profile Pic
DragonLady76
Champion Author Illinois

Posts:1,849
Points:506,325
Joined:Feb 2009
Message Posted: Jan 2, 2014 11:56:50 PM

GOOD NEWS!
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:4,105
Points:1,059,360
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:966,665
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:4,691
Points:1,347,600
Joined:May 2010
Message Posted: Jan 2, 2014 12:05:51 PM

Good.
Profile Pic
jimgraham
Champion Author Akron

Posts:12,081
Points:2,317,775
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:4,955
Points:855,060
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:2,751
Points:1,157,095
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:1,292
Points:307,615
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:3,997
Points:2,708,380
Joined:Sep 2005
Message Posted: Jan 2, 2014 8:51:26 AM

YOUR RIGHT
Profile Pic
91Hilux
Champion Author New Haven

Posts:3,131
Points:987,120
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:1,429
Points:328,725
Joined:Jul 2009
Message Posted: Jan 2, 2014 8:36:12 AM

K.
Profile Pic
survken
Champion Author Indiana

Posts:3,774
Points:630,950
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:3,708
Points:712,620
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:794
Points:183,140
Joined:May 2012
Message Posted: Jan 2, 2014 8:25:38 AM

ok
Profile Pic
iGas38
All-Star Author Portland

Posts:746
Points:150,125
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:2,825
Points:656,390
Joined:Apr 2012
Message Posted: Jan 2, 2014 8:21:03 AM

go for it
Profile Pic
Chas58
Champion Author Detroit

Posts:2,620
Points:609,880
Joined:Mar 2011
Message Posted: Jan 2, 2014 8:20:13 AM

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

Posts:2,093
Points:908,395
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:9,769
Points:1,974,435
Joined:Aug 2008
Message Posted: Jan 2, 2014 8:17:34 AM

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

Posts:3,817
Points:834,470
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:11,323
Points:1,961,075
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:2,627
Points:552,660
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:2,220
Points:561,625
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:2,052
Points:1,922,670
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
Veteran Author South Carolina

Posts:498
Points:59,315
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:8,454
Points:1,911,660
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:5,498
Points:1,090,270
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
All-Star Author Evansville

Posts:933
Points:899,085
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:9,318
Points:1,967,085
Joined:Apr 2008
Message Posted: Jan 2, 2014 8:10:29 AM

and prices are up
Profile Pic
condé
Champion Author Michigan

Posts:4,604
Points:1,991,300
Joined:Oct 2004
Message Posted: Jan 2, 2014 8:10:26 AM

good
Profile Pic
bpj13
Champion Author North Carolina

Posts:4,656
Points:1,195,995
Joined:Oct 2009
Message Posted: Jan 2, 2014 8:09:35 AM

Good.
Profile Pic
olepaw
All-Star Author Columbus

Posts:806
Points:430,865
Joined:Apr 2012
Message Posted: Jan 2, 2014 8:09:19 AM

go bucks
Profile Pic
dgracing318
Champion Author Georgia

Posts:2,283
Points:784,945
Joined:May 2011
Message Posted: Jan 2, 2014 8:09:02 AM

Ok
Profile Pic
1fuelish1
Champion Author Charlotte

Posts:16,123
Points:2,143,900
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
Veteran Author South Carolina

Posts:498
Points:59,315
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:57,920
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...
Post a reply Back to Topics