Return of the Wildcatters – Utica Oil Drillers Grow Organically
Oil wildcatting is the process of drilling exploratory wells in areas with little to no history of oil and gas production. Wildcatting is a high-risk activity that involves drilling in unproven or fully depleted areas. Wildcat wells are often drilled far from other wells and without the use of well logs or other geological data. Wildcatting can be profitable---or spectacularly unprofitable. A recent Hart Energy article reports that "wildcatting is back." The very first part of the article focuses on wildcatting that is happening in the Ohio Utica Shale.To view this content, log into your member account. (Not a member? Join Today!)