American Oil and Gas Reporter - November 2024 - 42

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Growing Organically
Relying solely on organic growth,
Olympus Energy LLC in Canonsburg,
Pa., has built a 100,000 net-acre position
with a 20+ year drilling inventory in
Westmoreland and Allegheny counties in
southwestern Pennsylvania prospective
of the Marcellus, Utica, and Upper Devonian,
according to Chief Operating Officer
Michael Wahl.
Current production of about 500
MMcf/d comes from less than 90 wells
serviced by its subsidiary, Hyperion
Midstream. With an extensive runway
of Marcellus prospects, Olympus also
has been busy proving up the deeper
Utica, Wahl says.
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42 THE AMERICAN OIL & GAS REPORTER
" The Olympus team, to its credit, has
become a leader developing the deep, dry
Utica, " he remarks. " We have a successful
delineation program in place that has unlocked
another world-class resource. When
we add this prolific Utica development to
the existing core Marcellus portfolio, that
runway of growth opportunities and inventory
extends even farther. "
The company continues to push lateral
lengths, including some beyond 24,000
feet. While completions in the Marcellus
Olympus Energy LLC has
amassed a 100,000 net-acre
position with a 20+ year drilling
inventory in Westmoreland
and Allegheny counties in
southwestern Pennsylvania
prospective for the Marcellus,
Utica, and Upper Devonian.
The company continues to
push lateral lengths to beyond
24,000 feet in some cases.
have become more uniform, Olympus
continues to experiment in the Utica with
proppant intensity, spacing and perforation
designs, Wahl explains.
Initially formed as Huntley & Huntley
Energy Exploration from a partnership
between Blackstone and Huntley & Huntley
Inc., the private company launched
land leasing efforts in 2012, assembled
an operating team beginning in 2016,
drilled its first wells in 2018, and rebranded
to Olympus in 2019 to better reflect its
vision for the future.
In addition to innovations downhole,
Olympus continues to make surface advancements,
including switching to electric
and dual-fuel frac fleets, mitigating
truck traffic on the roads by piping freshwater,
recycling virtually all of its water,
and stepping up emissions monitoring,
Wahl relates.
While currently marketing the majority
of its output in basin, the company also
is actively discussing sales possibilities
with data center companies, Wahl says.
" The market for data center demand
is in the early stages of development, but
we are part of the conversation with that
industry right now and trying to get a
better picture of what that looks like,
where the opportunities lie, and where
we fit into those plans on the supply
side, " he concludes.
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American Oil and Gas Reporter - November 2024

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