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Friday, December 5, 2014

Analyst: Utica Shale Likely to Produce for Next 50 Years

From the Akron Beacon Journal:
Ohio’s Utica Shale will likely be producing natural gas and liquids for decades, according to a Texas-based energy analyst. 
Irene Haas of Wunderlich Securities in Houston said the shale under eastern Ohio will likely produce big quantities for the next 50 years. 
"Ohio is going to be very, very busy for a very long time," she said. "It’s very prolific." 
Her comments came in a talk on Wednesday at the Ohio Oil and Gas Association’s Oilfield Expo 2014 and Safety Congress at the I-X Center near Cleveland Hopkins Airport. The event continues on Thursday. 
A survey of the top four Ohio drillers shows they have likely captured 51 trillion cubic feet of equivalents from the shale, a measure of the gas and liquids produced since 2011, Haas said. 
"That’s a really big number," she said.
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