When Will More Oil Drilling Return to Eastern OH?

not if but whenDavid Hill is a geologist and a driller located in Ohio (David R. Hill Inc.). At a recent Coffee and Commerce meeting sponsored by the Cambridge Area Chamber of Commerce, Hill offered his insights into when oil drilling may return to Guernsey County and eastern Ohio. As MDN recently reported, much of the focus on drilling in the Utica has lately turned to dry gas, or methane only (see Why Utica Drillers are Moving from Wet Gas to Dry Gas). Oil drilling, which was the original focus of the Utica and why Aubrey McClendon was so excited with his discovery of the Utica, has never developed to the extent hoped for–largely because of low pressure to force the oil out of the ground. There is oil drilling and production in the Utica to be sure, but not nearly as much oil drilling as there is drilling for dry gas and NGLs (wet gas). Hill and others are working on new technologies to unlock the abundant oil supplies in the Utica. So when will oil drilling return to Guernsey and other locations? According to Hill, when oil prices hit $70-$80/barrel. He may be waiting a long time…

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