BARNESVILLE - Natural gas and oil drillers Gulfport Energy and Antero Resources continue pulling more profits out of eastern Ohio Utica Shale wells.
One Gulfport well recently performed so well that it could be producing as much as $100,000 worth of revenue per day.
Many Eastern Ohio residents who originally signed leases with Wishgard LLC or Tri-Star Energy have seen those contracts turned over to Gulfport, while Gulfport has also signed many county landowners to their own leases. Terms of the leases can range widely depending upon when they were signed and a multitude of other factors.
Photo by Jennifer Compston-Strough
Pipelines such as these are being built throughout eastern Ohio to transport natural gas and oil produced by companies such as Gulfport Energy and Antero Resources.
However, some property owners have received at least as much as $5,900 per acre, with as much as 20 percent of the production royalties.
Gulfport is also supplying gas from Belmont and Harrison County wells to the Cadiz MarkWest complex that is now up and running. The interim refrigeration plant is the first phase of the new plant to open, with many more operations still to begin at the large facility, just off Ohio 9 south of Cadiz. Hundreds of construction workers and pipeliners are now working at the plant, while they should continue doing so until 2014.
In the Utica Shale, Gulfport spud 10 wells during the first three months of 2013. The company is operating four horizontal rigs and two top-hole rigs in the region. During 2013, Gulfport plans to use about $500 million to drill about 60 wells in the Utica Shale.
Antero has been particularly active within the village limits of Barnesville, signing many individual property owners to drilling deals. The company is now operating two rigs in the Ohio Utica Shale.
MarkWest Energy is building a high pressure lateral connecting the Seneca complex to its existing Cadiz processing complex in Harrison County in order to provide Antero with preferred access to 185 million cubic feet per day of combined refrigeration and cryogenic natural gas processing capacity.
Antero has signed a compression and condensate stabilization agreement with a third party to provide and operate three compressor stations in Noble and Monroe counties with a combined capacity of 300 million cubic feet per day, as well as three condensate stabilization facilities with a combined capacity of 12,000 barrels per day, all of which are fully dedicated to Antero.