Oil, gas production dip in Ohio during Q2 2020
Monday, September 14, 2020
Both Ohio oil and natural gas production dipped during the second quarter, according to a new Utica Shale production report filed by the Ohio Department of Natural Resources, according to Kallanish Energy.
Natural gas production dropped 2.1%, while oil production fell by 11.97% from the first quarter of 2020.
Natural gas production totaled 569.4 billion cubic feet during the second quarter — a drop of 12.2 billion from 581.6 billion cubic feet in the first quarter. Compared to the same quarter in 2019, gas production saw a drop of 44.8 billion cubic feet or 7.3%.
Oil production dropped by 704,551 barrels from 5,887,032 barrels in Q1 2020 to 5,182,481 barrels of oil in Q2 2020. Compared to the same period a year prior, oil production decreased by 631,274 barrels of oil or 10.9%.
Learn more: Kallanish Energy > Ohio natural gas, oil production drop in Q2 2020
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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.