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Rice Energy Announces Well Results from Utica Test
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Rice Energy Inc. has reported that it has successfully tested the company's first Utica Shale well in central Belmont County, Ohio.
In addition, Rice has strategically added to its firm transportation portfolio, providing increased market access for its growing production profile. Finally, Rice's borrowing base under its revolving credit facility was increased to $385.0 million.
Bigfoot 9H Production TestRice Energy announced the production test results of our first operated Utica Shale well, the Bigfoot 9H.
After five days of flowback, the Bigfoot 9H stabilized at a rate of:
41.69 MMcf/d of gas on a 33/64" choke with flowing casing pressures of 5850 psi.Based upon a gas composition analysis, the heat content is 1086 Btu and therefore will not require processing.
We own an approximate…
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