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Wednesday, September 10, 2014

Will Pennsylvania See a Utica Shale Boom?

From Gas Shale Mexico:
Northeastern Pennsylvania could soon see a shale drilling boom along the Utica formation. Royal Dutch Shell PLC (NYSE:RDS.A) this week announced prolific results at two of its discovery wells in Tioga County, an area as yet untapped by most oil companies. 
The Utica Shale underlies major parts of Pennsylvania, Ohio, West Virginia and New York. So far, operators have mostly focused on Utica’s gas reserves in western Pennsylvania or southeast Ohio, the latter now one of the fastest-growing natural gas production areas in the United States, according to federal energy statistics
In the northeastern part of the Keystone State, most of the gas drilling has targeted the Marcellus Shale, the formation that lies on top of the deeper Utica Shale. Shell is among the first companies to bet on the Utica play in this area, the Pittsburgh Post-Gazette noted.
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