Monday, December 29, 2014

Utica Shale Paying Off for Ohio




Long time readers may recall a post from 2011 in which I wondered whether the Utica Shale formation, which unlike the shallower Marcellus Shale formation, extends well into Ohio, would be developed and become an economic boon to eastern Ohio. See, Uitca Bigger than Marcellus? It looks like that is exactly what has happened.

Below is an image reflecting the rise in production in the Utica since 2007, along with a map showing the Ohio counties beneath which the formation has been tapped to date.  My understanding is that portions of the formation extend all the way into Indiana as well, and that it can be tapped throughout the Marcellus by deepening existing wells in that formation.


Production in the Utica took off in 2014 and promises to be larger still in 2015.  The article linked below briefly summarizes the current state of affairs.  As I explained in a separate post that year cheap energy from cheap natural gas is likely to fuel renewed interest in manufacturing in Ohio and Pennsylvania.

Thanks to enhanced oil and gas recovery techniques the United States has become a force to be reckoned with in the international oil and gas market.  Our mature pipeline system and vast untapped reserves in the Green River / Fossil / Great Divide / Whashakie / Piceane and Uinta Formations in Colorado, Wyoming and Utah render us energy independent. It will be interesting to see how this impacts our foreign policy over the next 100 years.

  


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James L. Salmon, Esq.
Collaborative Construction
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