The Department of Natural Resources released last year’s Utica production numbers during a televised “State of the Play” this week.
My thoughts: I am gangbusters on the Utica Shale play in Ohio and I can tell you it’s the real deal, and that it has already brought unprecedented growth in oil and gas production, and it’s going to produce staggering amounts of oil and gas in the future.
HERE ARE SOME NUMBERS
Eleven drillers including us reported production from 87 Utica wells last year
Those wells more than 600,000 barrels of oil and 12.8 billion cubic feet of natural gas in one year. That is a lot of oil in a short amount of time folks
Although it’s still very early in the development of the Utica, this shows the enormous potential of this play,”