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Tuesday, April 23, 2013

Another Article Jumps in to Throw Cold Water on Utica Shale Naysayers

From the Tribune Chronicle:
The Ohio Department of Natural Resources estimated there was up to 5.5 billion barrels of oil reserves, something The MotLey Fool now says "might have been a bit too optimistic."
But, wait, it followed that up with, "That doesn't mean that the Utica isn't going to turn out to be a very profitable play for some companies.
"In fact, for the right operator that has the right location, the Utica looks like it will turn out to be a very important driver of both profit and production growth for years to come."
So, while expectations may be scaled back, it's a matter of recalibrating a tape-measure home run to one that just clears the fence.
It's still a home run.
Read the rest of the article here. 

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