Utica Shale

Utica Shale Description ImageThe Utica shale formation is one of the newest natural gas discoveries in North America. It is located in New York state and the Canadian province of Quebec, along the St. Lawrence River Valley. Some geologists have suggested the gas-bearing formation extends as far south as Pennsylvania. The other major shale formation in this area is the better-known Marcellus shale.

Estimates of natural gas deposits in the formation range from a low of about 2 trillion cubic feet (tcf) to a high of 60 to 70 tcf. At this time, most companies active in the Utica shale are drilling exploratory wells on the Canadian side of the border because the state of New York has been reluctant to grant drilling permits to date. Some production rates have tested up to 1 million cubic feet per day.

Utica Shale Map

Utica Shale News

New York may ease ban on high-volume fracturing

Jun 14, 2012

New York may soon relax a ban on high-volume hydraulic fracturing in certain areas of the state, a press report.

KMEP completes acquisition of KKR's Uinta, Eagle Ford assets

Jun 5, 2012

Kinder Morgan Energy Partners LP (KMEP) completed its acquisition of a 50% interest in a joint venture owning the Altamont gathering, processing, and treating assets in the Uinta basin in Utah and the Camino Real gathering system in the Eagle Ford shale in Texas from Kohlberg Kravis Roberts & Co. LP for $300 million in KMP units.

MarkWest Energy Partners to acquire Keystone Midstream

May 7, 2012

MarkWest Energy Partners LP agreed to acquire 100% of Keystone Midstream Services LLC for $512 million in a transaction expected to close during this year’s second quarter.

Chesapeake reports progress in wet gas window of Utica shale play

May 2, 2012

Chesapeake Energy Corp. outlined its drilling progress in the Utica shale in eastern Ohio, western Pennsylvania, and northwestern West Virginia during a May 1 earnings call in which the company stressed that it is shifting its focus from natural gas toward liquids-rich plays.

BP to lease in Ohio Utica/Point Pleasant shale

Mar 27, 2012

BP North America has signed an agreement to lease 84,000 acres in Trumbull County, Ohio, 30-40 miles east of Cleveland, for future oil and gas production in the Utica/Point Pleasant shale formation.

Williams Partners to buy Caiman Eastern Midstream

Mar 20, 2012

Williams Partners LP agreed to acquire Caiman Energy’s wholly owned subsidiary Caiman Eastern Midstream LLC for $2.5 billion in a move that will provide Williams Partners with assets in the natural gas liquids-rich portion of the Marcellus shale.

Ohio oil association questions governor's proposed tax changes

Mar 14, 2012

Ohio Gov. John Kasich’s proposed changes to his state’s oil and natural gas severance tax to help finance a planned $1 billion state income tax cut by 2015 has prompted the Ohio Oil & Gas Association to issue a statement outlining industry’s questions and concerns.

Chesapeake group plans Utica NGL project

Mar 14, 2012

Chesapeake Midstream Development LP, M3 Midstream LLC, and EV Energy Partners LP have formed a partnership to build a midstream services complex with capacity to process 600 MMcfd of natural gas for the Utica shale play in eastern Ohio (OGJ Online, Feb. 29, 2012).

Study projects Utica shale contributions to Ohio's economy

Mar 12, 2012

Development of the Utica shale will bring more than 65,000 jobs, contribute $4.86 billion to Ohio's economy, and result in $3.3 billion of labor income, or an average of $50,225/job, by 2014, a study commissioned by the Ohio Shale Coalition concluded.

MarkWest JV to build Utica natural gas gathering system

Mar 7, 2012

MarkWest Utica EMG LLC, a joint venture of MarkWest Energy Partners LP and Energy & Minerals Group, signed a letter of intent with Gulfport Energy Corp. to provide gathering, processing, fractionation, and marketing services in the liquids-rich southern corridor of the Utica shale.

Study projects Utica shale contributions to Ohio's economy

Feb 29, 2012

Development of the Utica shale will bring more than 65,000 jobs, contribute $4.86 billion to Ohio’s economy, and result in $3.3 billion of labor income, or an average of $50,225/job, by 2014, a study commissioned by the Ohio Shale Coalition concluded.

Ohio: Rex Energy sees Utica shale drilling in April

Feb 24, 2012

Rex Energy Corp., State College, Pa., plans to spud the first two of its four planned 2012 wells in the Utica shale wet gas area in Ohio in April.

Quebec: Corridor sees Macasty-Utica similarities

Feb 21, 2012

The Macasty shale on Anticosti Island in the Gulf of St. Lawrence offshore Quebec has properties similar to those of the Utica shale, the Macasty geological equivalent in eastern Ohio, said Corridor Resources Inc., Halifax, NS.

Ohio: Magnum Hunter gets more Utica acreage

Feb 20, 2012

Magnum Hunter Resources Corp., Houston, said its Triad Hunter LLC unit has acquired 15,558 gross (12,186 net) leasehold mineral interests prospective for the Utica shale predominately in Noble County, Ohio, for $24.8 million from an undisclosed seller.

More processing, fractionation planned for Marcellus, Utica shales

Feb 1, 2012

MarkWest Energy Partners LP, Denver, will add more than 600 MMcfd of processing capacity for the Marcellus and Utica shales, as well as 140,000 b/d of fractionation, the company reported.

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