Rex Energy Corp. on Friday reported favorable results for five wells in the Warrior South prospect, an area of Ohio in the Utica Shale, and provided an update on four wells it placed into sales in Western Pennsylvania.
The J. Anderson multi-well pad in Guernsey County, OH, was recently placed into sales after its resting period at an average five-day sales rate of 1,886 Boe/d. Combined, the five wells at the pad produced 40% natural gas liquids, 40% gas and 20% condensate, assuming full ethane recovery and an average natural gas shrink of 12%, the company said in an operational update.
Rex holds 24 drilling permits in Ohio, 19 of which are in the heart of the Utica Shale play in Carroll County, where it also has five producing wells. Gordon Douthat, an energy analyst at Wells Fargo Securities, said results from the Anderson wells stacked up favorably against results from three others in the Warrior South that the company reported on in July. Those wells produced 1,731 Boe/d on shorter laterals with an average length of 3,535 feet (see Shale Daily,July 10). Douthat called Friday’s update a positive one.
The five-well pad was drilled to an average total measured depth of 12,873 feet with an average lateral length of 4,250 feet and it was completed in 28 frack stages.
Tom Stabley, CEO of State College, PA-based Rex, said the results were encouraging and an affirmation of the company’s acreage position in both Ohio and Pennsylvania. Drilling activity is ramping up south of Carroll County, as more operators validate their acreage in places such as Noble, Guernsey and Belmont counties (see Shale Daily,Nov. 19).
“The strong pressure profiles and early production results of our five-well J. Anderson pad are very encouraging, especially given the limited choke size we are utilizing to produce the wells,” Stabley said. “We are also pleased that these wells, along with our first three Warrior South prospect wells, are currently producing into sales without any midstream constraints. We feel the production results of the five J. Anderson wells further demonstrate the value of our acreage position in the Warrior South Prospect.”
In Western Pennsylvania’s Butler County, the company said it placed four of its six wells on the Baillie Trust pad into sales. Those four wells are stacked laterals extending into the Marcellus and Upper Devonian formations. Rex did not provide any production rates for the Baillie wells because it’s reached processing capacity of 90 MMcf/d at Markwest Energy Partners’ Sarsen and Bluestone processing facilities there (see Shale Daily,May 9, 2012).
Additional processing capacity will be added sometime in the second quarter of 2014 in Butler County with the commissioning of the Bluestone II facility.
Rex did report that the average lateral length of the stacked wells was 4,605 feet, completed with an average of 30 frack stages. As the company has continued to focus on multi-well pads and stacked opportunities in the Appalachian Basin, it reported a 39% increase in production in the third quarter (see Shale Daily,Nov. 11).
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