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Wednesday, September 3, 2014

Shell Announces Discovery of Natural Gas at Two Utica Shale Wells

From UPI:
Shell announced Wednesday it made natural gas discoveries at two wells in the Utica shale reserve area in Pennsylvania. 
"Last year, we refocused our resources plays strategy to select fewer plays with specific scale and economic characteristics to best suit our portfolio," Marvin Odum, Shell's upstream America director, said in a statement. "The Appalachian basin is one of those areas, and these two high-pressure wells both exhibit exceptional reservoir quality." 
Shell said it made the discoveries in its Neal and Gee wells in the Utica shale. The company said the discoveries "extend the sweet spot" of Utica shale beyond southeast Ohio and western Pennsylvania into an area where it holds 430,000 acres.
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