First Choice Energy

Friday, December 7, 2012

Utica Shale Development Gaining Steam

From the Akron Beacon Journal:
There are 45 Utica shale wells producing this year out of 188 drilled so far in the eastern part of Ohio, Michael McCormac, manager in the Ohio Department of Natural Resources said Thursday. He and others took part in a symposium at a large Utica shale-themed trade show and conference, Oilfield Expo 2012, in the I-X Center sponsored by the Ohio Oil and Gas Association.
Hundreds more wells are going to be drilled annually, then hydraulically fractured, or fracked, to release the natural gas and liquids trapped in the shale thousands of feet underground, the state predicts. By 2015, Ohio expects that 2,250 shale wells will be drilled, McCormac said.
The shale development is transforming not only parts of Ohio, but also entire industries, McCormac and other speakers said.
Carroll County “is the epicenter of activity now,” McCormac said. “I would say there’s still a lot of exploration going on. ... There’s really a lot of work being done to understand the Utica.”
Read the whole article by clicking here.

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