An Update on Ohio’s Utica Shale – Facts & Figures
An article in Crain’s Cleveland Business yesterday takes a look at the pattern of investment in the Utica Shale play in Ohio. According to the article, the Utica follows the same model found in other areas of the world: First smaller independent oil and gas companies invest doing the “retail” work of going house to house to get leases signed. They may even drill a few wells. But soon after, larger o&g companies, the “majors” descend and buy up many of those investments.
The article shares some interesting facts and figures about the current status of investment and development of the Utica in Ohio, among them: