Benesch Shale Report 2Q14: Ohio’s New Top Utica Well

Each quarter the Ohio law firm of Benesch Friedlander Coplan & Aronoff LLP produces an Ohio shale update. MDN often shares their updates–well worth your time to read. The latest edition, covering Utica Shale activity in the second quarter of 2014, is embedded below. This issue highlights Ohio’s new top producing Utica Shale well–drilled by recent upstart Rice Energy in Belmont County. They also talk about the likely forthcoming increase in Ohio’s Utica Shale severance tax–from 1% to 2.5%. It’s less than what Gov. John “foreigner hunter” Kasich wants, but something that apparently Ohio’s squishy Republicans can live with. Take time to read this well-crafted summary (will only take you a few minutes)…

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