Ohio Newspaper reports Utica Shale Production Increases

On Feb 26 the Ohio Natural Resources Department issued the 4th quarter's report on horizontal shale well production. Oil production increased 18.1 % from the 4th Q 2013 and Natural Gas production increased 25.6%.  Production was from 352 horizontal wells in 2013 4th Q and 779 wells in 2014 4th Q. The production increase is the result of new wells drilled early in 2014 and does not reflect the dramatic lower oil price.