Location of our Utica Shale wells and the seismic surveys
Our horizontal Utica Shale wells, drilled under our industry joint venture, were among the first drilled in the play. From our extensive Ohio deep exploration experience and the data collected from the wells, we suspected these early laterals were drilled out of the pay zone.
After unwinding the industry joint venture at the end of 2014, we assumed operations and in early 2015 conducted 3D (Noble Sharon Olive 37.5 sq.mile) and 2D seismic acquisition across the joint venture wells (see map). This work corroborated our thesis that all the joint venture wells were drilled entirely or substantially out of the pay zone (see seismic panel). Production history has clearly shown that the wells in contact with the pay zone perform better. Thus, lateral placement is critical to optimal production.
In 2019 we began two new 3D seismic shoots, each of approximately 10 sq.miles: the Meigs South and the Brookfield East. We plan to drill a well in each of these 3D areas to prove out our significant scientific research.
The four fundamentals to our approach are:
Using our unique subsurface understanding, locate wells in structurally superior positions where organic content is greatest
Utilize 3D seismic to drill laterals in the target zone where hydrocarbon saturation is greatest
Drill longer laterals with optimal completions
Team with a midstream partner for infrastructure buildout
Implementing this approach, we will optimize oil and gas production from our extensive leasehold position.
Actual seismic panel for a joint venture well confirming lateral drilled entirely out of Pay Zone