USGS Releases Official Estimate of Oil & Gas in Utica Shale
The U.S. Geological Survey (USGS) has just released their first official assessment (i.e. estimate) of how much recoverable natural gas, oil and gas liquids is located in the Utica Shale throughout Ohio, West Virginia, Pennsylvania, New York, Maryland and Virginia (a full copy of the USGS assessment is embedded below).
The USGS estimates the Utica is #3 in size behind the Marcellus (#1) and Green River Basin (#2) for volume of recoverable natural gas in the U.S. Here are the numbers from the USGS, along with and a brief introduction to their first-ever assessment of the Utica:
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For the first six months of 2012, over 85% of Pennsylvania’s shale gas production came from just six (of 67) counties in the state, and more than half (57%) of PA’s production came from three counties—three counties that share a border with New York State (hello NY, pay attention!).