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The Debrosse Memorial Report 2020 Oil & Gas Activity in Ohio 74 th Annual Winter Meeting June 21-23, 2021 Prepared by: Marty Shumway – Locus Bio-Energy Solutions LLC

Ohio Oil & Gas Association 68th Annual Winter Meeting The

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Page 1: Ohio Oil & Gas Association 68th Annual Winter Meeting The

The Debrosse Memorial Report 2020 Oil & Gas Activity in Ohio

74th Annual Winter MeetingJune 21-23, 2021

Prepared by:Marty Shumway – Locus Bio-Energy Solutions LLC

Page 2: Ohio Oil & Gas Association 68th Annual Winter Meeting The

The Debrosse Memorial Report 2020 Oil & Gas Activity in Ohio

• General overview of Ohio oil & gas production

• Permits & completion summaries

• Operator activity (footage drilled, number of wells)

• Activity by county (footage drilled, number of wells)

• IP analysis

• Change of owners

• Production summary

• Class II injection well summary

All data presented compiled from

ODNR Division of Oil & Gas Resources except as noted.

Page 3: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Oil & Gas Production in Ohio

• More than 275,000 oil and gas wells drilled in Ohio since 1860

• More than 50,000 producing wells in 49 of 88 Ohio counties

Page 4: Ohio Oil & Gas Association 68th Annual Winter Meeting The

0

1000

2000

3000

4000

5000

6000

BEREA OHIO SHALE CLINTON TRENTON ROSE RUN CAMBRIAN

NW Ohio Lima-Indiana

Technologic Advance: Hydraulic FracturingClinton/Berea Plays

Morrow County Trempealeau Play

Clinton PlayTight Gas

Sands

Clinton Play

History of Ohio Wells Drilled by Year and Reservoir

HISTORICAL DATA COURTESY OF WICKSTROM GEOSCIENCE, LLC

Page 5: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020 Permit & Completion Activity

PHOTOGRAPHS COURTESY OF LARRY WICKSTROM

Page 6: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Permits & Completions - 2015 - 2020

TYPE 2015 2016 2017 2018 2019 2020

(’19 to’20) ▲%

PERMIT 997 561 931 493 468 353 -115 -25%

COMPLETION 534 620 449 408 406 267 -139 -34%

PLUG 511 439 413 441 326 207 -119 -37%

TOTAL 2,318 1,113 1,793 1,342 1,200 827 -373 -31%

Page 7: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020 Completions – Outcomes

WELL STATUS COUNT % OF TOTAL

PRODUCING 253 94.8%

FINAL RESTORATION 8 3.0%

STORAGE WELL 1 0.4%

PLUGGED BACK 1 0.4%

PLUGGED AND ABANDONED 1 0.4%

NOT DRILLED 1 0.4%

WELL DRILLED 1 0.4%

ACTIVE INJECTION 1 0.4%

TOTAL 267 100%

Page 8: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020 Permitted Formations

0

50

100

150

200

250

300

350313

158 4 3 3 2 2 1 1 1

353 PERMITS ISSUED

11% LESS UTICA-PT PLEASANT PERMITS vs. 2019

71% LESS CLINTON PERMITS vs. 2019

Page 9: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020

CompletionsPermits to DrillPermits to Plug

Page 10: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020 Permit and Completions By Month

JAN FEB MAR APRIL MAY JUNE JULY AUG SEP OCT NOV DEC

4325 25

50

3

34 4130

18 2338

23

56

165

5

12

17

51

49

19 11

917

18

22 45

19

1

15

35

15

11 12

86

Permits Completions Plugging Permits

353 DRILLING PERMITS ISSUED267 COMPLETIONS FILED

207 PLUGGING PERMITS ISSUED

Page 11: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Operators Completing Wells By Year

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

11

6

12

7 14

7 16

2 18

2

14

3

12

6

12

1

11

2

11

3

89

87

71

45

38 41

31

31 Unique Operators

Filing Completion Reports in 2020

Page 12: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020 Wells Completed – Type266 Total Completions

Horizontal 216, 81%

Vertical 41, 16%

Directional3, 1%

Unknown, 6, 2%

DOES NOT INCLUDE COMPLETIONS WITH “NOT DRILLED” OR “CANCELLED” STATUS.

2019HORIZONTAL – 317

VERTICAL – 35DIRECTIONAL – 2

Page 13: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020Horizontal

Completions By Deepest

Formation

Page 14: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020

Vertical Completions

Deepest Formation

Page 15: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020 Completions By Month

JAN FEB MAR APRIL MAY JUNE JULY AUG SEP OCT NOV DEC

44

7 3 4 3

14

46 48

189 6

14

12

9

2 19

3

5 1

1

23

3

Horizontal Vertical

VERTICAL COUNT INCLUDES “DIRECTIONAL” AND “UNKNOWN”DOES NOT INCLUDE COMPLETIONS WITH “NOT DRILLED”OR “CANCELLED” STATUS.

Page 16: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020 Completions – Top 10 CountiesCOUNTY TOTAL % TOT HORIZONTAL VERTICAL

JEFFERSON 61 23% 61 0

BELMONT 50 19% 50 0

MONROE 39 15% 37 2

HARRISON 36 14% 36 0

GUERNSEY 25 9% 25 0

CARROLL 11 4% 2 9

FAIRFIELD 5 2% 0 5

NOBLE 5 2% 4 1

ASHLAND 5 2% 1 4

LICKING 4 2% 0 4

OTHER 25 9% 0 25

TOTAL 266 100% 216 50

VERTICAL COUNT INCLUDES “DIRECTIONAL” AND “UNKNOWN”.DOES NOT INCLUDE COMPLETIONS WITH “NOT DRILLED” OR “CANCELLED” STATUS. TOP 3 COUNTIES INCLUDE 56% OF COMPLETIONS.

Page 17: Ohio Oil & Gas Association 68th Annual Winter Meeting The

6150

37 3625

2 4

0

0

2 0

0

95

14 4

25

HORIZONTAL VERTICAL

2020 Completions By County

VERTICAL COUNT INCLUDES “DIRECTIONAL” AND “UNKNOWN”.DOES NOT INCLUDE COMPLETIONS WITH “NOT DRILLED” OR

“CANCELLED” STATUS. TOP 3 COUNTIES INCLUDE 60% OF COMPLETIONS.

Page 18: Ohio Oil & Gas Association 68th Annual Winter Meeting The

OPERATOR% TOTWELLS

2020 WELLS

▲%2019

ASCENT RESOURCES UTICA LLC 43% 116 12%

EAP OHIO LLC 17% 45 18%

ECLIPSE RESOURCES I LP 7% 19 -44%

EQUINOR USA ONSHORE PROPERTIES 4% 10 0%

PAC DRILLING LLC 3% 9 N/A

GULFPORT APPALACHIA LLC 3% 8 -84%

MFC DRILLING INC 3% 7 133%

RICE DRILLING D LLC 3% 7 -59%

US ENERGY OH LLC 2% 6 -50%

ARTEX OIL COMPANY 2% 6 500%

CNX GAS COMPANY LLC 2% 5 150%

BI JOE DEVELOPMENT INC 1% 3 N/A

OTHER 10% 26 -54%

Top 12 Most Active Operators – By Wells

DOES NOT INCLUDE COMPLETIONS WITH “NOT DRILLED” OR

“CANCELLED” STATUS. TOP 12 OPERATORS COMPLETED 90% OF TOTAL.

Page 19: Ohio Oil & Gas Association 68th Annual Winter Meeting The

OPERATOR% TOTALFOOTAGE

2020FOOTAGE

▲%2019

ASCENT RESOURCES UTICA LLC 51% 2,450,279 8%

EAP OHIO LLC 19% 943,300 23%

ECLIPSE RESOURCES I LP 8% 402,824 -48%

EQUINOR USA ONSHORE PROPERTIES 5% 257,320 17%

GULFPORT APPALACHIA LLC 4% 179,557 -82%

RICE DRILLING D LLC 3% 153,185 -56%

CNX GAS COMPANY LLC 2% 103,089 176%

DIVERSIFIED PRODUCTION LLC 1% 65,951 85%

PAC DRILLING LLC 1% 51,439 N/A

XTO ENERGY INC. 1% 45,049 -80%

US ENERGY OH LLC 1% 39,681 -44%

MFC DRILLING INC 1% 32,967 134%

OTHER 2% 370,167 -67%

TOTALS 100% 4,844,987 -26%

Top 12 Most Active Operators – By Footage

DOES NOT INCLUDE COMPLETIONS WITH “NOT DRILLED” OR “CANCELLED” STATUS. TOP 12 OPERATORS COMPLETED 98% OF TOTAL.

Page 20: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 Most Active Counties – By Wells

COUNTY% TOTWELLS

2020WELLS

▲%2019

JEFFERSON 23% 61 -12%

BELMONT 19% 50 -38%

MONROE 15% 39 -43%

HARRISON 14% 36 3%

GUERNSEY 9% 25 -22%

CARROLL 4% 11 22%

FAIRFIELD 2% 5 400%

NOBLE 2% 5 25%

ASHLAND 2% 5 -29%

LICKING 2% 4 300%

KNOX 2% 4 -33%

PORTAGE 2% 4 N/A

OTHER 6% 17 -15%

TOTAL 100% 266 -27%

OPERATORS REPORTED COMPLETIONS IN 23 OF 88 COUNTIES IN 2020

VERSUS 27 IN 2019. TOP 12 COUNTIES 94% TOTAL WELLS

Page 21: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 Most Active Counties – By Footage

COUNTY% TOT

FOOTAGE2020

FOOTAGE▲%2019

JEFFERSON 27% 1,313,668 -8%

BELMONT 23% 1,132,724 -31%

MONROE 18% 850,636 -40%

HARRISON 15% 740,015 3%

GUERNSEY 10% 467,294 -40%

CARROLL 1.9% 91,426 -35%

NOBLE 1.7% 81,954 19%

PORTAGE 0.6% 26,883 N/A

ASHLAND 0.5% 24,655 -32%

FAIRFIELD 0.4% 19,340 418%

RICHLAND 0.3% 13,789 -25%

TRUMBULL 0.3% 12,798 -60%

OTHER 1.4% 69,805 -34%

TOTAL 100% 4,844,987 -26%

TOP 12 COUNTIES ACCOUNTED FOR 98% OF TOTAL FOOTAGE DRILLED

IN 2020.

Page 22: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Drilling Footage and Wells – By Year

YEARTOTAL

FOOTAGE WELLSFOOTAGEPER WELL

AVG IP GAS

AVG IP OIL

2020 4,844,987 266 18,214 18,151 328

2019 6,571,272 366 17,954 14,473 411

2018 6,518,846 371 17,571 13,734 119

2017 6,033,677 378 16,263 9,245 245

2016 7,955,832 594 14,206 6,095 196

2015 6,587,714 534 12,336 5,432 279

2014 5,854,693 654 10,398 2,703 122

2013 3,898,408 569 7,570 1,361 97

2012 2,580,821 511 5,388 481 34

2011 1,832,121 454 4,192 136 7

2010 2,224,761 633 3,883 50 3

2009 3,036,431 927 3,767 223 2

2008 4,249,247 1149 3,750 54 3

2007 4,030,319 1094 3,928 70 3

2006 3,601,375 945 3,927 79 4

2019 TO 2020 AVG IP-GAS UP 25%; AVG IP-OIL DOWN 20%2019 TO 2020 AVG FOOTAGE PER WELL UP 1.4%

Page 23: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 Owner Change – By WellsFROM TO WELLSM & R INVESTMENTS OHIO LLC DIVERSIFIED PRODUCTION LLC 6,802

ENERVEST OPERATING LLC OWS ACQUISITION CO LLC 5,601

TUSSEL CLARENCE JR CLARENCE K TUSSEL JR LTD 273

ALLIANCE PETROLEUM CORP DIVERSIFIED PRODUCTION LLC 261

TIPKA ENERGY DEVLOPMENT CO AM-TEK OIL INC 102

EXCALIBUR EXPLORATION INC BOCOR HOLDINGS, LLC 77

MOORE WELL SERVICES INC LANDMARK 4 LLC 76

BOBCAT WELL & PIPELINE LLC J WELL SERVICE INC 71

ALTHEIRS OIL INC J T PLUS WELL SERVICE LLC 65

BETHEL OIL & GAS CO BETHEL OIL AND GAS LLC 63

KEITO GAS INC AM-TEK OIL INC 62

SELECT ENERGY INVESTMENTS INC BOCOR HOLDINGS, LLC 59

OTHER OTHER 1,439

TOTAL 14,951

TOP 12 OWNER CHANGES ACCOUNTED FOR 90% OF TOTAL OWNER

CHANGES IN 2020.

Page 24: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Change of Owner – Wells By Year

0

2000

4000

6000

8000

10000

12000

14000

16000

4,411

2,412

7,438

3,0542,274

5,908

4,758

1,1341,696

3,1423,603

1,694

6,974

2,9653,477

14,951

Page 25: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 Counties – By Average IP (MCFE)

COUNTY WELLSAVG IP OIL

(BBLS)AVG IP GAS

(MCF)AVG IP (MCFE)

GUERNSEY 24 1,528 9,681 47,879

HARRISON 33 620 18,254 33,750

JEFFERSON 61 0 29,025 29,025

BELMONT 49 37 25,720 26,648

NOBLE 4 561 10,036 24,061

MONROE 36 43 14,585 15,649

CARROLL 10 109 400 3,112

FAIRFIELD 1 0 780 780

PORTAGE 4 24 25 632

TRUMBULL 2 19 16 479

PERRY 1 15 0 375

RICHLAND 3 12 27 318

TOTAL 245

MCFE CALCULATED USING OIL:GAS EQUIVALENCE OF 25:1

Page 26: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 Operators – By Average IP (MCFE)

OPERATOR WELLS

AVG IP OIL

(BBLS)

AVG IP GAS

(MCF)AVG IP (MCFE)

ECLIPSE RESOURCES I LP 18 990 12,131 36,887

EAP OHIO LLC 41 443 22,596 33,661

ASCENT RESOURCES UTICA LLC 115 379 23,017 32,493

GULFPORT APPALACHIA LLC 7 0 26,144 26,144

RICE DRILLING D LLC 7 0 21,782 21,782

EQUINOR USA ONSHORE PROPERTIES 10 37 20,546 21,479

DIVERSIFIED PRODUCTION LLC 3 0 14,973 14,973

UTICA RESOURCE OPERATING LLC 1 447 1,445 12,620

XTO ENERGY INC. 2 0 9,730 9,730

CNX GAS COMPANY LLC 5 0 7,194 7,194

ARTEX OIL COMPANY 1 0 780 780

US ENERGY OH LLC 6 22 22 581

TOTAL 216

MCFE CALCULATED USING OIL GAS RATIO OF 25:1

Page 27: Ohio Oil & Gas Association 68th Annual Winter Meeting The

2020Top 12 Operators – By

Average IP (MCFE)Well Locations

INC

REA

SIN

G A

VER

AG

E IP

MCFE CALCULATED USING OIL GAS RATIO OF 25:1

Page 28: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Ohio Oil & Gas Production

PHOTOGRAPH COURTESY OF LARRY WICKSTROM

Page 29: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Producing Wells – By Year

51,736

39,965

0

10000

20000

30000

40000

50000

60000

1984 1988 1992 1996 2000 2004 2008 2012 2016 2020

CO

UN

T O

F W

ELLS

YEAR

Wells Reporting Production

Page 30: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Production Summary – Oil By Year8

.1

7.3

7.1

7.1

6.9

6.6 6.8

6.7

5.9

5.4 5.7 6.3

5.6

5.2

5.0

5.0

5.0 5.0 5.1

4.9

4.8

4.6

4.5

4.4

4.1

3.7

3.4

3.1

3.0

2.8

1.8

0.6 3

.7

11

.0

23

.1

18

.4

16

.6 19

.8

24

.9

21

.4

0

5

10

15

20

25

30

19

90

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

20

19

20

20

Mill

ion

Bar

rels

of

Oil

Conventional Oil Horizontal Oil

23

.22

7.7

22

.71

9.82

1.7

26

.81

5.1

8.0

2020 PRODUCTION

16% LESS THAN

2019 PRODUCTION

2020 CONVENTIONAL PRODUCTION

33% LESS THAN

2019 PRODUCTION

2020 UNCONVENTIONAL PRODUCTION

14% LESS THAN

2019 PRODUCTION

Page 31: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Production Summary – Gas By Year

45

3 96

0 1,3

89

1,7

22 2

,35

32

,57

42

,32

6

0

500

1000

1500

2000

2500

30001

99

01

99

11

99

2

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

20

19

20

20

Bill

ion

Cu

bic

Fe

et o

f G

as

Conventional Gas Horizontal Gas

16

7

83

YEAR 2018 CONVENTIONAL PRODUCTION IS ESTIMATED BY USING AVERAGE ANNUAL PERCENT DECLINE YEAR 2015-2016.

2020 PRODUCTION (2,355 BCF)

10% LESS THAN

2019 PRODUCTION (2,616 BCF)

2020 CONVENTIONAL PRODUCTION (28.6 BCF)

33% LESS THAN

2019 PRODUCTION (42.3 BCF)

2020 UNCONVENTIONAL PRODUCTION (2,326 BCF)

10% LESS THAN

2019 PRODUCTION (2,574 BCF)

2,3

552,6

16

2,3

97

1,7

71

1,4

37

1,0

12

51

3

Page 32: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Ohio Oil Production 1880-2020

HISTORICAL DATA COURTESY OF WICKSTROM GEOSCIENCE, LLC

0

5

10

15

20

25

30

1880 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020

MIL

LIO

NS

OF

BA

RR

ELS

OF

OIL

YEAR

189623.9 MMBLS

TRENTON

19453.0 MMBLS

EOR

196415.9 MMBLS

TREMPEALEAU

198415.3 MMBLS

CLINTON

20104.8 MMBLS

2016

21.7 MMBLS

1952HYDRAULIC

FRACTURING

2017

19.8 MMBLS

2018

22.7 MMBLS

2019

27.7 MMBLS

2020

23.2 MMBLS

Page 33: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 Wells – 2020 OIL (BBLS)

OPERATOR CNTY WELL NAMEWELL NO

OIL (BBLS)

GAS (MCF)

WTR(BBLS)

EAP OHIO LLC HARRISON KRAMER 1-13-7 10H 272,686 1,341,418 65,377

ECLIPSE RESOURCES I LP GUERNSEY FINERAN B 7H 266,983 940,035 21,452

ASCENT RESOURCES UTICA LLC GUERNSEY TARPLEY OXF GR 1H 253,610 1,404,366 59,008

ECLIPSE RESOURCES I LP GUERNSEY FINERAN A 3H 252,809 1,083,730 21,955

EAP OHIO LLC HARRISON AKERS 25-12-6 6H 241,980 1,318,311 102,867

EAP OHIO LLC HARRISON KRAMER 1-13-7 206H 224,432 1,113,542 67,206

ECLIPSE RESOURCES I LP GUERNSEY FINERAN B 5H 223,916 936,504 21,187

ECLIPSE RESOURCES I LP GUERNSEY FINERAN A 1H 215,963 777,710 26,574

EAP OHIO LLC HARRISON AKERS 25-12-6 8H 214,831 1,090,656 70,518

ASCENT RESOURCES UTICA LLC GUERNSEY THOMAS NW LND GR 3H 207,329 769,112 25,042

EAP OHIO LLC HARRISON K WALLACE 4-11-6 6H 205,266 4,136,850 69,977

ASCENT RESOURCES UTICA LLC GUERNSEY GINGERICH S LND GR 6H 204,693 1,250,412 44,218

TOP 12 WELLS PRODUCED 12% OF TOTAL 2020 OIL PRODUCTION

Page 34: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 Wells – 2020 GAS (MCF)

OPERATOR CNTY WELL NAMEWELL NO

OIL (BBLS)

GAS (MCF)

WTR(BBLS)

ASCENT RESOURCES UTICA LLC BELMONT HENDERSON E RCH BL 6H 0 7,992,247 37,399

GULFPORT APPALACHIA LLC BELMONT STARVAGGI 210727 4A 0 7,954,461 59,265

GULFPORT APPALACHIA LLC BELMONT STARVAGGI 210725 1A 0 7,783,837 57,086

ASCENT RESOURCES UTICA LLC BELMONT HENDERSON W RCH BL 4H 0 7,288,071 38,904

GULFPORT APPALACHIA LLC BELMONT MCKEEGAN 211723 1A 0 7,271,423 36,988

ASCENT RESOURCES UTICA LLC BELMONT BLESSED E RCH BL 9H 0 7,209,116 30,357

ECLIPSE RESOURCES I LP MONROE CRAIG MILLER B 6H 0 7,192,588 90,620

RICE DRILLING D LLC BELMONT RAZIN KANE 5 0 7,158,223 112,374

ECLIPSE RESOURCES I LP MONROE BLUEBONNET C 5H 0 6,995,497 63,792

GULFPORT APPALACHIA LLC BELMONT STARVAGGI 210727 3B 0 6,983,181 55,960

ECLIPSE RESOURCES I LP MONROE BLUEBONNET A 1H 0 6,980,821 76,460

ECLIPSE RESOURCES I LP MONROE BLUEBONNET B 3H 0 6,884,279 76,709

TOP 12 WELLS PRODUCED 3.7% OF TOTAL 2020 GAS PRODUCTION

Page 35: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 Wells – 2020 WATER (BBLS)

OPERATOR CNTY WELL NAMEWELL NO

OIL (BBLS)

GAS (MCF)

WTR(BBLS)

EAP OHIO LLC HARRISON SMITH 28-10-5 1H 171,439 3,330,868 160,852

ECLIPSE RESOURCES I LP MONROE CRAIG MILLER A 4H 0 6,590,058 156,459

ECLIPSE RESOURCES I LP MONROE ROTH E 10H 0 5,503,024 141,781

ECLIPSE RESOURCES I LP MONROE PITTMAN 2H 0 6,766,413 135,079

EAP OHIO LLC JEFFERSON HM YODER 33-8-2 3H 0 3,598,401 130,933

RICE DRILLING D LLC BELMONT DEL SCORCHO 12 0 6,445,086 127,188

EAP OHIO LLC JEFFERSONBRUNER LAND CO 20-

11-3 10H 0 4,952,387 124,828

RICE DRILLING D LLC BELMONT DEL SCORCHO 10 0 6,289,783 124,312

EAP OHIO LLC HARRISON SMITH 28-10-5 3H 137,705 3,542,489 122,474

ECLIPSE RESOURCES I LP MONROE CRAIG MILLER A 2H 0 6,471,541 118,733

ECLIPSE RESOURCES I LP MONROE HANNIBAL A-M 2HM 67,860 1,760,783 117,644

ECLIPSE RESOURCES I LP MONROE ROTH D 8H 0 5,504,729 114,716

TOP 12 WELLS PRODUCED 4.9% OF TOTAL 2020 WATER PRODUCTION

Page 36: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 OPERATORS – 2020 OIL (BBLS)

OPERATOR WELLS OIL (BBLS) GAS (MCF)WTR

(BBLS) OIL (BPD)

ASCENT RESOURCES UTICA LLC 596 8,372,522 786,484,780 6013120 22,938

EAP OHIO LLC 820 7,233,888 353,850,906 6447492 19,819

ECLIPSE RESOURCES I LP 187 3,800,039 225,171,477 4385461 10,411

UTICA RESOURCE OPERATING LLC 34 653,638 4,305,181 110423 1,791

GULFPORT APPALACHIA LLC 394 467,213 366,489,692 3359651 1,280

PENNENERGY RESOURCES LLC 40 278,934 6,694,267 96365 764

ANTERO RESOURCES CORPORATION 222 268,555 105,034,847 1150264 736

DIVERSIFIED PRODUCTION LLC 4752 198,104 23,246,743 86236 543

EQUINOR USA ONSHORE PROPERTIES 50 147,920 66,506,608 1196489 405

PIN OAK ENERGY PARTNERS LLC 487 124,974 2,916,131 46561 342

ARTEX OIL COMPANY 207 60,158 1,530,278 68311 165

MFC DRILLING INC 528 58,021 544,301 57030 159

TOP 12 OPERATORS PRODUCED 93% OF TOTAL 2020 OIL PRODUCTION

TOTAL 2020 OIL PRODUCTION 23.2 MILLION BBLS

Page 37: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 OPERATORS – 2020 GAS (MCF)

OPERATOR WELLS OIL (BBLS) GAS (MCF)WTR

(BBLS)GAS

(MCFD)

ASCENT RESOURCES UTICA LLC 596 8,372,522 786,484,780 6,013,120 2,154,753

GULFPORT APPALACHIA LLC 394 467,213 366,489,692 3,359,651 1,004,081

EAP OHIO LLC 820 7,233,888 353,850,906 6,447,492 969,455

RICE DRILLING D LLC 137 1 237,657,416 4,319636 651,116

ECLIPSE RESOURCES I LP 187 3,800,039 22,5171,477 4,385,461 616,908

ANTERO RESOURCES CORPORATION 222 268,555 10,503,4847 1,150,264 287,767

CNX GAS COMPANY LLC 54 3,976 68,491,816 1,167,326 187,649

EQUINOR USA ONSHORE PROPERTIES 50 147,920 66,506,608 1,196,489 182,210

XTO ENERGY INC. 58 581 49,481,600 751,465 135,566

DIVERSIFIED PRODUCTION LLC 4752 198,104 23,246,743 86,236 63,690

TRIAD HUNTER LLC 204 56,668 17,327,635 337,682 47,473

HILCORP ENERGY COMPANY 23 0 16,745,977 211,483 45,879

TOP 12 OPERATORS PRODUCED 98% OF TOTAL 2020 GAS PRODUCTION

TOTAL 2020 GAS PRODUCTION 2,355 BCF

Page 38: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 OPERATORS – 2020 WATER (BBLS)

OPERATOR WELLS OIL (BBLS) GAS (MCF)WATER(BBLS)

WATER (BPD)

EAP OHIO LLC 820 7,233,888 353,850,906 6,447,492 17,664

ASCENT RESOURCES UTICA LLC 596 8,372,522 786,484,780 6,013,120 16,474

ECLIPSE RESOURCES I LP 187 3,800,039 225,171,477 4,385,461 12,015

RICE DRILLING D LLC 137 1 237,657,416 4,319,636 11,835

GULFPORT APPALACHIA LLC 394 467,213 366,489,692 3,359,651 9,205

EQUINOR USA ONSHORE PROPERTIES 50 147,920 66,506,608 1,196,489 3,278

CNX GAS COMPANY LLC 54 3,976 68,491,816 1,167,326 3,198

ANTERO RESOURCES CORPORATION 222 268,555 105,034,847 1,150,264 3,151

XTO ENERGY INC. 58 581 49,481,600 751,465 2,059

TRIAD HUNTER LLC 204 56,668 17,327,635 337,682 925

Fishburn Producing Inc. 79 45,963 0 248,340 680

ECHO DRILLING INC 171 8,546 0 227,805 624

TOP 12 OPERATORS PRODUCED 93% OF TOTAL 2020 WATER PRODUCTION

TOTAL 2020 WATER PRODUCTION REPORTED - 31.9 MILLION BBLS

Page 39: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 OPERATORS – 2020 OIL (BBLS) Vertical Wells

OPERATOR WELLS OIL (BBLS) GAS (MCF)WTR

(BBLS) OIL (BPD)

DIVERSIFIED PRODUCTION LLC 4,683 192,935 5,744,206 0 529

ARTEX OIL COMPANY 204 59,047 1,528,559 66,744 162

MFC DRILLING INC 525 57,985 541,420 56,997 159

DORFMAN PRODUCTION COMPANY 338 53,094 544,620 44,692 145

BI JOE DEVELOPMENT INC 59 47,667 103,807 17,820 131

PETROX, INC 768 46,841 326,319 46,124 128

FISHBURN PRODUCING INC. 79 45,963 0 248,340 126

KENOIL LLC 275 42,983 216,865 15,752 118

PIN OAK ENERGY PARTNERS LLC 428 36,626 654,449 16,958 100

EVERFLOW EASTERN PARTNERS 552 34,422 1,028,394 24,458 94

FRANKLIN GAS & OIL CO LLC 55 30,234 34,182 15,221 83

HARLEY DRILLING & PRODUCING 340 28,827 56,953 21,509 79

TOP 12 OPERATORS PRODUCED 37% OF TOTAL 2020 VERTICAL OIL PRODUCTION

TOTAL 2020 OIL PROD 1.83 MMBBLS REPORTED BY 509 UNIQUE OPERATORS.

Page 40: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 OPERATORS – 2020 GAS (MCF) Vertical Wells

OPERATOR WELLS OIL (BBLS) GAS (MCF)WTR

(BBLS)GAS

(MCFD)

DIVERSIFIED PRODUCTION LLC 4,683 192,935 5,744,206 0 15,738

ARTEX OIL COMPANY 204 59,047 1,528,559 66,744 4,188

ERIC PETROLEUM CORP 687 6,350 1,277,603 6,297 3,500

EVERFLOW EASTERN PARTNERS 552 34,422 1,028,394 24,458 2,818

OHIO VALLEY ENERGY SYSTEM CORP 206 16,231 909,128 7,004 2,491

RHDK OIL & GAS LLC/DBA RED HIL 616 7,227 782,595 23,400 2,144

PIN OAK ENERGY PARTNERS LLC 428 36,626 654,449 16,958 1,793

EVERFLOW EASTERN PARTNERS 200 7,465 573,481 12,684 1,571

KNOX ENERGY INC. 579 22,828 544,732 21,931 1,492

DORFMAN PRODUCTION COMPANY 338 53,094 544,620 44,692 1,492

MFC DRILLING INC 525 57,985 541,420 56,997 1,483

SOUND ENERGY COMPANY, INC 491 21,804 539,698 15,743 1,479

TOP 12 OPERATORS PRODUCED 49% OF TOTAL 2020 VERTICAL GAS PRODUCTION

TOTAL 2020 GAS PROD 28.7 BCF REPORTED BY 494 UNIQUE OPERATORS.

Page 41: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Q415

Q116

Q216

Q316

Q416

Q117

Q217

Q317

Q417

Q118

Q218

Q318

Q418

Q119

Q219

Q319

Q419

Q120

Q220

Q320

Q420

Oil 0.33 0.57 1.31 1.43 1.94 2.46 3.01 3.55 4.43 5.58 5.71 6.22 5.49 4.84 3.95 3.58 3.90 4.04 4.21 4.19 3.94 4.49 5.55 5.81 5.07 5.81 7.20 6.80 5.89 5.18 5.71 4.63

0.30.6

1.3

1.4

1.9

2.5

3.0

3.6

4.4

5.6

5.7

6.2

5.5

4.8

4.0

3.6

3.9 4.04.2 4.2

3.9

4.5

5.55.8

5.1

5.8

7.2

6.8

5.9

5.2

5.7

4.6

0

1

2

3

4

5

6

7

8

Oil

in M

illio

ns

of

Bb

ls

Unconventional – Oil Production By Quarter

36% PRODUCTION

DECREASE3rd QTR 2019

THROUGH4th QTR 2020

PEAK PRODUCTION 3rd QTR 2019

Page 42: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Q415

Q116

Q216

Q316

Q416

Q117

Q217

Q317

Q417

Q118

Q218

Q318

Q418

Q119

Q219

Q319

Q419

Q120

Q220

Q320

Q420

Gas 8 15 34 43 67 89 132 165 184 222 246 302 330 334 361 364 372 389 461 503 531 554 606 664. 609 614 674 685 582 569 589 587

8 15 34

4367

89132

165184

222246

302

330

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372389

461 503531

554

606

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609614

674

685

582

569

589

587

0

100

200

300

400

500

600

700

800

Gas

in B

CF

15% PRODUCTION

DECREASE4th QTR 2019

THROUGH1st QTR 2020

PRODUCTION FLAT THROUGH

2020

Unconventional – Gas Production By Quarter

PEAK PRODUCTION 4th QTR 2019

Page 43: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Q415

Q116

Q216

Q316

Q416

Q117

Q217

Q317

Q417

Q118

Q218

Q318

Q418

Q119

Q219

Q319

Q419

Q120

Q220

Q320

Q420

Wells 135 205 288 397 476 562 714 828 926 10201134126513511415149215611613169118041897194920352242224122772365247025232573264326882722

135205

288397

476562

714828

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13511415

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18041897

19492035

2242

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24702523

2573

2643 2688

2722

0

500

1000

1500

2000

2500

3000

We

lls O

nlin

e

Unconventional – Wells Online By Quarter

8%INCREASE IN

WELLS ONLINE

1st QTR 2020 THROUGH

4th QTR 2020

Page 44: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Class II Injection Wells

PHOTOGRAPH COURTESY OF LARRY WICKSTROM

Page 45: Ohio Oil & Gas Association 68th Annual Winter Meeting The

12.69014.675

17.475

25.278

31.68229.359

35.815

44.94143.372

40.499

0.000

5.000

10.000

15.000

20.000

25.000

30.000

35.000

40.000

45.000

50.000

Wat

er

Vo

lum

e In

ject

ed

(m

illio

n b

bls

)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

BBLS 12.690 14.675 17.475 25.278 31.682 29.359 35.815 44.941 43.372 40.499

2018 VOLUME SUMMARY58% IN-DISTRICT

42% OUT-OF-DISTRICT

Annual Injection Volume - Statewide

6.6%DECREASE IN

2020 VOLUMEVERSUS

2019 VOLUME

Page 46: Ohio Oil & Gas Association 68th Annual Winter Meeting The

Top 12 Class II Injection Wells – By Volume

THE TOP 12 WELLS ACCOUNTED FOR 57% OF TOTAL WATER INJECTED IN 2019

40% OF BRINE VOLUME ORIGINATED “OUT-OF-DISTRICT”

OPERATOR COUNTY WELLVOLUME

(BBLS)%IN

%OUT

FQ Energy Services, LLC Noble 3412124086/ SWIW #7 6,411,943 99% 1%

Elkhead Gas & Oil Tuscarawas 3415725535/SWIW #16 2,490,170 68% 32%

Redbird Development Washington 3416729731/SWIW #18 2,031,033 55% 45%

Elkhead Gas & Oil Tuscarawas 3415725511/ SWIW #13 1,941,360 68% 32%

Clearwater Five, LLC Guernsey 3405924445/ SWIW #17 1,858,989 54% 46%

KTCA Holdings Trumbull 3415524079/ SWIW #33 1,433,416 1% 99%

Bobcat North Lima, LLC Mahoning 3409923158/SWIW #12 1,323,175 17% 83%

K & H Partners LLC Athens 3400923821/SWIW #8 1,275,658 8% 92%

K & H Partners LLC Athens 3400923823/ SWIW #10 1,204,876 8% 92%

DeepRock Disposal Solutions, LLC Washington 3416729766/ SWIW#26 1,182,520 37% 63%

Glenn O. Hawbaker Coshocton 3403127247/SWIW #13 1,020,081 32% 68%

Clearwater Three, LLC Guernsey 3405923986/ SWIW #15 969,341 66% 34%

Page 47: Ohio Oil & Gas Association 68th Annual Winter Meeting The

THANK YOU!Marty Shumway

(614) 403-2672

[email protected]