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Mar 27, 2014

Drillers are still trying to strike oil in Ohio's Utica shale play

Although figures from the Ohio Department of Natural Resources (ODNR) have indicated that the Utica shale play will not be as rich in oil as producers had hoped, several companies have plans in 2014 to tap into what's known as Ohio's "volatile oil window," the Akron Beacon Journal reports (See our Nov, 1, 2013, blog post – "Amount of gas that can be extracted from the Utica shale play outpaces the oil that can be recovered from the Bakken and Eagle Ford shale plays"). Houston-based EV Energy Partners plans to participate financially this year in "at least eight to 10 wells" in the volatile oil window, which covers all or parts of Athens, Coshocton, Guernsey, Hocking, Holmes, Morgan, Muskingum, Perry, Portage, Stark, Trumbull and Tuscarawas counties. Oklahoma City-based Chesapeake Energy Corp. and Texas-based Halcon Resources have already drilled two of those wells, the article said. For more, read the full story.

Posted by M. Warnock  in  Ohio  






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