Gulfport’s Q2 production dips in Utica Shale compared to 2018
Friday, July 26, 2019
Although Gulfport Energy saw an overall production increase in the second quarter of 2019 when compared to the same quarter a year ago, its Utica Shale production dipped slightly, according to Kallanish Energy.
The company as a whole reported second quarter 2019 net production of 1.36 billion cubic feet-equivalent per day (Bcfe/d), which was a 2.2% increase over second-quarter 2018 production of 1.33 Bcfe/d. That mix was roughly 90% natural gas, 7% natural gas liquids and 3% oil.
However, its production in Ohio’s Utica Shale dropped from 92.67 Bcf in the second quarter of 2018, to 92.30 Bcf in during the same period this year. Its gas-equivalent production also dipped, from 96.99 Bcfe, to 95.62 Bcfe.
Learn more: Kallanish Energy > Gulfport’s Q2 production up 2.2% from year ago
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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.