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The Utica shale formation is one of the newest natural gas discoveries in North America. It is located in New York state and the Canadian province of Quebec, along the St. Lawrence River Valley. Some geologists have suggested the gas-bearing formation extends as far south as Pennsylvania. The other major shale formation in this area is the better-known Marcellus shale.
Estimates of natural gas deposits in the formation range from a low of about 2 trillion cubic feet (tcf) to a high of 60 to 70 tcf. At this time, most companies active in the Utica shale are drilling exploratory wells on the Canadian side of the border because the state of New York has been reluctant to grant drilling permits to date. Some production rates have tested up to 1 million cubic feet per day.
Ohio study shows Utica Shale will create significant job growth
Sep 20, 2011
Providing further evidence that Ohio is on the cusp of a possible economic oil and gas boom, the Ohio Oil & Gas Energy Education Program (OOGEEP) has released an economic impact study that shows how the state’s petroleum industry is positively impacting Ohio’s economy today and includes the first comprehensive research into how planned oil and gas development in the Utica Shale formation might impact the state over the next five years. |
Entrance into Utica Shale brings eyes back to PDC Energy
Sep 8, 2011
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Hess adds to Utica Shale position with acquisition of Marquette Exploration
Sep 8, 2011
New York-based Hess Corporation said Sept. 8 that it has acquired privately-held Marquette Exploration LLC and other leases in Ohio’s Utica Shale, boosting its acreage position by 85,000 net acres at a cost of approximately $750 million. |
Chesapeake's first horizontal Utica result offers promising start to the play
Sep 8, 2011
Chesapeake Energy's first horizontal Utica Shale well, the Buell #8H, tested 6.5 MMcfepd (6.2 MMcfpd of natural gas and 59 bopd of condensate). |
Hess and CONSOL form JV to develop Utica Shale
Sep 7, 2011
On Sept. 7, Hess Corporation said it had formed a joint venture agreement with CONSOL Energy Inc. to acquire a 50% interest in CONSOL’s nearly 200,000 acres in the Utica Shale in eastern Ohio for aggregate payments of $593 million. |
Utica Shale acreage values trending higher
Aug 3, 2011
Recent Utica Shale activity is trending upward and it appears valuations in the area are on the rise as well. |
Chesapeake Energy confirms hype surrounding Ohio Utica Shale
Jul 28, 2011
Chesapeake Energy released its second quarter 2011 financials July 28, and with the release came confirmation from the oil and natural gas producer that it believes the liquids-rich Ohio Utica Shale to be economically viable. |
Utica offers challenges, opportunities
Mar 1, 2011
Lying below the Marcellus in some areas, the Utica Shale has a very different mineralogy.
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Chesapeake targeting Utica Shale with acquisition from Anschutz
Nov 4, 2010
In its third quarter 2010 financial and operational results report dated November 3, Oklahoma City-based Chesapeake Energy Corp. noted that the company has the opportunity to acquire 500,000 net acres in the Appalachian Basin from privately-held Anschutz Corp. for $850 million. |
Utica shale decline rate steeper than most
Jul 14, 2010
Not promising. That is how the Quebec Utica shale decline rate was described in a July 12 report from Jefferies & Co. The St. Edouard #1A horizontal well operated by Talisman Energy Inc. is currently flowing about 1.4 MMcf/d after testing 134 days according to Questerre Energy Corp. |
Encana, several other producers developing Collingwood shale
Jul 1, 2010
Several E&P companies, including Canada's Encana Corp. are moving forward with plans to develop yet another unconventional resource play — the Collingwood shale in Michigan.
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Encana, several other producers developing Collingwood shale
Jun 7, 2010
Several E&P companies, including Canada’s Encana Corp. are moving forward with plans to develop yet another unconventional resource play – the Collingwood shale in Michigan. Encana, along with Atlas Energy and Breitburn Energy Partners, have been quietly acquiring acreage in the Collingwood for several years. |
Apache Canada, Corridor Resources partner in Frederick Brook shale play
Jun 2, 2010
Corridor Resources Inc., based in Halifax, Nova Scotia, and Apache Canada Ltd. have begun drilling operations at the Green Road B-41 well, located approximately 4 kilometers north of the village of Elgin in the Canadian province of New Brunswick. |