Future of Utica Shale is Very Much Tied to Future of Chesapeake Energy
From Business Insider:
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But the delegation cited a study from research group IHS suggesting the Utica could generate 143,000 and generate $18 billion for the economy.And one company is overwhelmingly responsible for developing those resources: Oklahoma City-based Chesapeake Energy.According to a new report from the Ohio Department of Natural Resources, the company was responsible for 2/3rds of documented shale wells drilled in 2012 — 53 of 85.Compare this with Pennsylvania, where dozens of different companies have drilled the more than 2,300 wells in the Marcellus Shale.Read more: http://www.businessinsider.com/chesapeake-and-the-future-of-ohio-2013-7#ixzz2YC3Mnuyu
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