• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 15 minutes WTI @ 67.50, charts show $62.50 next
  • 15 hours The EU Loses The Principles On Which It Was Built
  • 7 hours Starvation, horror in Venezuela
  • 11 hours Why hydrogen economics does not work
  • 8 hours Tesla Faces 3 Lawsuits Over “Funding Secured” Tweet
  • 8 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 44 mins Mike Shellman's musings on "Cartoon of the Week"
  • 20 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 37 mins Saudi Fund Wants to Take Tesla Private?
  • 1 day Chinese EV Startup Nio Files for $1.8 billion IPO
  • 1 day Crude Price going to $62.50
  • 3 hours California Solar Mandate Based on False Facts
  • 20 hours Saudi Arabia Cuts Diplomatic Ties with Canada
  • 3 hours Oil prices---Tug of War: Sanctions vs. Trade War
Alt Text

The Real Reason Behind The Next Oil Squeeze

An oil supply squeeze may…

Alt Text

The Key Oil Price Driver By 2020

Middle distillates such as jet…

Alt Text

$90 Oil Is A Very Real Possibility

Saudi Arabia appears intent on…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Utica Shale: Wading Through the Hype

It’s hard to get a handle on the Utica shale, and whether it’s an amazing success or a horrible disappointment—this is a matter of perspective. But give us a chance here to expand your perspective for you: The Utica shale is much bigger than you think. All the talk of Utica is centered on the state of Ohio, but this is only a part of the Utica Shale. The rest of it—and it’s massive—lies underneath the Marcellus in Pennsylvania, West Virginia, New York and Maryland. Exploration has so far been limited to Ohio, but this is only scratching the surface. But what this means is that while the lesser known portion of the Utica that lies under Marcellus will have to wait until Marcellus is all fracked out and it’s time to go even deeper.

For now, we’ve only got Ohio to go on, and the jury is still out, with varying interpretations of the 2012 production figures recently released for Utica. While Ohio authorities called the figures “compelling”, some investors weren’t so sure, bemoaning what they saw as slower-than-expected exploration results and underperformance. What everyone does agree on is that infrastructure will be a problem.

So let’s look at the figures, and you can decide for yourself. This is the result that has sparked so much controversy:  87 Utica wells produced more than 600,000 barrels of oil and 12.8 billion cubic feet of natural gas in 2012. There is a lot left open to…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News