Belmont and Monroe counties prove to be fruitful for Gulfport
Monday, December 14, 2015
During the third quarter of this year alone, 16 of Gulfport Energy Corp.’s wells produced 18.1 billion cubic feet of natural gas in eastern Ohio’s Utica shale, giving each of them an average of over 1 billion cubic feet.
Columbus Business First reports that during the same time period, 15 Rice Energy Inc. wells and 4 Ascent Resources wells hit the 1 billion cubic feet mark.
Gulfport has 47 wells in Belmont and Monroe counties, said to be the hotspot for Utica drilling in Ohio.
Via: Columbus Business First > Gulfport Energy dominating Utica shale production thanks to 2 Ohio counties
Recent Gulfport news:
- Gulfport slows drilling and production down Nov. 8, 2015
- Joint venture formed by Rice and Gulfport for Ohio’s Utica Shale Oct. 10, 2015
- Gulfport’s second quarter results Aug. 12, 2015
- Gulfport pays American Energy Utica $407M for 35,000-plus acres June 13, 2015
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.