Chesapeake Report: Utica Shale Shows Potential
April 4, 2012
The Ohio Department of Natural Resources released a joint report with Chesapeake Energy Corp that showed high levels of natural gas production from the Utica shale formation. Utica Shale, which is located a few thousand feet below Marcellus Shale, has the potential to become an enormous natural gas resource. Utica Shale is geographically more extensive than Marcellus Shale, and underlines portions of 7 states (Kentucky, Maryland, New York, Ohio, Pennsylvania, Tennessee, West Virginia and Virginia). Experts predict that Utica Shale holds high levels of natural gas and the state of Ohio hopes that Utica Shale will produce 65,000 jobs by 2014.
According to the report released by the Ohio Department of Natural Resources (ODNR) , five sample wells that tapped Utica Shale produced a total of 2.5 billion cubic feet of natural gas in 2011. There are currently 38 other wells, but they have not yet reported production. A well in Harrison county produced 300 times more daily production than the average vertical well in Ohio, according to Rick Simmers, chief of ODNR’s Gas Resources management.
Chesapeake’s spokesman, Keith Fuller, believes that the recent data shows that the Utica formation is promising, but is unsure as to whether the entire formation holds the same potential.
These data findings gives hints of Utica Shale’s natural gas potential in Ohio. Future reports are expected to be released later in the year.