The Utica shale region now has 300 producing oil and gas wells, another milestone for the young play.
The latest update from the Ohio Department of Natural Resources shows 300 active wells out of 707 wells drilled. There are 38 rigs and 1,074 permits issued for horizontal drilling, the report says. The play cleared 1,000 permits in December.
Last week there were 14 new permits issued, mostly to Chesapeake Energy Corp. (NYSE: CHK) and in Harrison County, which holds 172 well permits.