NGO Development Corporation owns interest in more than 650 oil and natural gas wells in Central Ohio. Many of these wells provide natural gas supply to the cooperative’s pipeline system. Oil and natural gas reserves total more than 230,000 barrels and nearly 5,000,000 Mcf respectively. Monthly production averages more than 2,000 barrels of oil and 50,000 Mcf of natural gas.
This past year we drilled our first shallow Clinton horizontal well in Coshocton County. The well is part of an initiative to apply horizontal drilling technology to the well-defined Clinton sandstone reservoir.
We also assumed operations of a well drilled to the Utica Shale in Coshocton County and have started flowing the gas into our pipeline system. This well will help define the western area of the Utica Shale play.
Currently we have more than 100,000 acres of land under lease for future oil and natural gas development. Most of this acreage is located within reach of the pipeline system, which helps assure the availability of local crude oil and natural gas supply.