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Jun 13, 2024 · Recent data from the Ohio Department of Natural Resources (ODNR) confirms an emerging Ohio oil play with untapped potential. Traditionally thought of as a natural gas play, new technologies have unlocked oil production in the Utica Shale that continues to grow: 70 percent since 2021 with 40 percent annual growth from 2022 to 2023.
Jun 12, 2024 · The increase comes on top of a 19.3 mb build in April, when on-land stocks surged by 83.5 mb after eight months of draws. Oil on water plunged by 64.2 mb, however, partly reversing the 112.6 mb increase seen over the previous two months.
Mar 12, 2013 · The Ohio Department of Natural Resources (ODNR) has updated several maps and data charts for the Utica Shale and Point Pleasant formation, including one map showing the weight of Total Organic...
Jun 21, 2024 · Oil production in the Ohio Utica hit a record 27.8 million barrels in 2023, up 41% from 2022, according to researchers at the Levin College of Public Affairs and Education at Cleveland State University. In December, eastern Ohio oil wells pumped 93,000 barrels of crude, up one-third from December 2022, according to federal data.
5 days ago · The Ohio Department of Natural Resources (ODNR) released production numbers for the first quarter 2024 yesterday. Oil production, led by Encino Energy wells, is the headline news. Oil production from Encino represented 51.3% of all Ohio Utica oil production in 1Q. Ascent Resources was the next closest oil producer, with 21.8% of Utica oil produced.
Jun 12, 2024 · The International Energy Agency said Wednesday that a U.S.-led surge in global oil production is expected to outstrip demand growth between now and the end of the decade, pushing spare capacity...
4 days ago · The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs says. The oil market could see a supply crunch, Goldman Sachs said. Oil demand will rise for ...
