Oil production from Ohio's Utica shale was lower in 2012 than first anticipated but will be "incidental" to gas output in much of the play, Ohio regulators say. Oil production averaged 1,742 bbl/day, while gas totaled 35M cf/day. Chesapeake (NYSE:CHK) was by far the largest producer, with total 2012 output of 10B cf of gas, followed by Hess (NYSE:HES) and Gulfport (NASDAQ:GPOR); Devon Energy (NYSE:DVN) produced no gas from its five wells.
Oil production from Ohio's Utica shale was lower in 2012 than first anticipated but will be...
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