This is a form dealing with the Over-Production and Under-Production of Gas, the event Assignor's gas production, if any, from the Assigned Property is in excess of or less than Assignor's interest in the Property, then Assignee shall acquire Assignor's interest subject to that over-production or under-production.
Ohio Over-Production and Under-Production of Gas
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Multi-State
Control #:
US-OG-502
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Word;
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Profile Overview In 2021, Ohio's shale gas production accounted for 96% of the state's natural gas withdrawals. ... Ohio is the seventh-largest ethanol-producing state in the nation, and its seven ethanol plants have a combined production capacity of about 757 million gallons per year.
Shale Crescent USA which is comprised of Ohio, West Virginia and Pennsylvania is the third largest natural gas producer in the world behind the United States at number one and Russia at number two.
The top five dry natural gas-producing states in 2022, by amount and percentage share of total U.S. dry gas production, were: Texas?9.25 Tcf?25.4% Pennsylvania?7.41 Tcf?20.4% Louisiana?4.04 Tcf?11.1% West Virginia?2.69 Tcf?7.4% Oklahoma?2.51 Tcf?6.9%
Cumulatively, Ohio's petroleum industry has produced more than 1 billion BBL of oil and 9 trillion CF of natural gas since 1860. Commercial quantities of oil and gas have been found in 69 of Ohio's 88 counties; however, most current production is from the eastern third of the state.
The top five dry natural gas-producing states in 2022, by amount and percentage share of total U.S. dry gas production, were: Texas?9.25 Tcf?25.4% Pennsylvania?7.41 Tcf?20.4% Louisiana?4.04 Tcf?11.1% West Virginia?2.69 Tcf?7.4% Oklahoma?2.51 Tcf?6.9%
Natural gas production was also on the rise with 551 billion cubic feet of natural gas produced in the first quarter, which marked the greatest production in a single quarter since 2021. ing to the most recent data, Ohio is the sixth largest producer of natural gas in the nation.
Most of Ohio's oil-and-gas resources are produced from stratigraphic traps, although a significant amount of resources also are produced from structural traps.
Ohio oil production peaked in 1896 at 24 million barrels, but Ohio continued as the leading oil state until 1902, when that title was taken by Oklahoma. The Trenton limestone produced more than 380 million barrels of oil and 2 trillion cubic feet of gas, peaking in 1896 at 23.9 million barrels of oil.
