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Tuesday, September 3, 2013

$300,000 a Day Predicted From West Virginia Utica Shale Well

From The Intelligencer/Wheeling News-Register:
A single Monroe County Utica Shale well drilled by Antero Resources could be producing as much as $300,000 worth of revenue per day.
This estimated cash flow triples the $100,000 daily assessment Tim Carr, Marshall Miller Professor of Energy at West Virginia University, made for a Gulfport Energy well in southwestern Belmont County earlier this year.
"The well production will decline, but you are talking roughly $2 million per week in gross revenues," said Carr. "If production holds up for even a short period of time, the well should pay out in two to three months."
- See more at: http://news-register.net/page/content.detail/id/589141/Well-Worth-The-Effort.html?nav=515#sthash.1vSH5Rag.dpuf

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