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Thursday, August 11, 2016

Seneca bullish on Utica Shale in northern Pa.

Seneca Resources is very pleased with its first Clermont/Rich Valley area Utica Shale well in northern Pennsylvania, and will drill six additional Utica wells in that area of Elk County in the next year.

The company, the exploration and production arm of National Fuel Gas, could decide to go after the deeper Utica Shale in a big way instead of the Marcellus Shale.

The first well on the company’s Utica appraisal program has been online for 45 days, and the company is “quite pleased” with the initial results, he said.

The well has short laterals of 4,500 feet because the company is trying to learn more about the Utica rock, not to maximize production, he said.

The initial results were 60% to 70% higher than nearby Marcellus wells, the company said. Read more...

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