PricewaterhouseCoopers LLP analyzes the U.S. oil and gas industry for third quarter 2012

Business services firm PricewaterhouseCoopers LLP released an assessment of the U.S. oil and gas industry for the third quarter 2012 that found that due to the 10-year-low natural gas prices, U.S. oil and gas companies are actively adding “more profitable liquid rich shale plays to their portfolios,” which is driving companies to the liquids-rich Utica shale, according to a press release from the firm. Despite its liquids appeal, the Utica shale is still regarded as a relatively immature shale play that is in its early stages. It is predicted that more mergers and acquisitions activity could occur in both it and the Marcellus shale should natural gas prices rise in the short term, the release said. For more, read the full press release.

National, Ohio