Increased drilling activity in the Marcellus and Utica Shale in 2014

Marcellus and Utica Shale: A Positive Outlook for 2014 2014 continues to look promising for drilling activity in the Marcellus and Utica Shale region. The Ohio Department of Natural Resources forecasts an estimated 1,180 Utica wells will be drilled in 2014. Already over 1,000 Utica wells have been approved, with 737 drilled and nearly 400 more in production. Projections will become more accurate as the Ohio Department of Natural Resources completes the change to quarterly well results in 2014 from the annual reports of previous years. As new technologies for tapping the shale’s crude oil are developed, this number has the potential to go even higher. For now, some efforts have gone unrewarded, but companies remain optimistic about the future, intending to do some experimental drilling for crude oil soon. Other high-energy natural gas and liquids found within the “oil window” include ethane, butane, and propane, and drillers in Ohio are considering the Washington County and Morga
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