The forty-seventh edition of the Ohio Oil & Gas Summary (The McCormac Report) published statistics reflecting trends important to Ohio’s oil and gas industry, citizens and other government agencies. The report includes data submitted through March 2, 2012.
Key statistics in the report include:
- 5,722 registered well owners, with 4,283 domestic owners operating 64,481 wells
- 1,533 permits issued, including 690 drilling permits
- 131 urbanized area permits in 19 counties
- Estimated number of 460 oil & gas wells drilled in 42 of 88 counties
- Horizontal well drilled to a record-setting length of 14,445 feet in Carroll County
- 355 wells plugged, with 15 contracted by the Orphan Well Program
- 4,852,964 barrels of crude oil produced, at an average price of $90.06 per barrel
- Over 73 billion cubic feet of natural gas produced, at an average price of $4.28 per mcf
- Combined market value of crude oil and natural gas production was $747, 714, 808
Of the well completion reports submitted by March 2, 2012 to the division, 333 were productive and 27 were dry holes, for a 93% productive rate
- Total footage is estimated at 1,994,203 feet compared to 1,718,768 for 2010.
- Average well depth was 4,335 feet, an increase of 310 feet per well.
- The median well depth was 4,254 feet.
- Total depths ranged from 572 feet in the Berea Sandstone (Licking County) to 14,445 feet in the Utica/Point Pleasant Shale for a horizontal well (Carroll County).
Most Active Counties in Ohio
Knox and Stark counties tied for first place with 43 wells drilled. Knox had an increase of 11 wells and drilling occurred in the Clinton and Trempealeau formations. Stark had an increase of 21 wells with the majority of drilling to the Clinton sandstone. Cuyahoga County, ranked first in 2010, had a decline of 23 wells and dropped to 16th overall.
Eight of these counties were in the top 10 last year with three new counties this year. Overall, the largest well increase occurred in Belmont County, putting it in the top 10 for the first time ever. The two other counties were last in the top 10: Summit (1995) and Tuscarawas (2009). The biggest well decreases, in addition to Cuyahoga, took place in Trumbull and Washington counties.