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

Total content for now with US shale holdings

Sep 26, 2012

Total SA has no plans to make any more US shale acquisitions, at least for now, because the French oil and gas company already is satisfied with its international shale oil and gas holdings, executives said.

Rex probing Utica shale, other Devonian formations

Aug 24, 2012

Rex Energy Corp., State College, Pa., is pursuing liquids potential of several Devonian-age formations in Ohio and Pennsylvania, including the Utica shale, Upper Devonian Burkett shale, and the Upper Devonian Rhinestreet shale.

Quebec: Petrolia to core Macasty shale on Anticosti

Aug 13, 2012

Petrolia Inc., Rimouski, Que., will drill a series of stratigraphic core holes on Anticosti Island in the Gulf of St. Lawrence offshore Quebec to help characterize the Macasty shale, the geological equivalent of the Utica shale.

OOGA: Severance tax hike would hinder Ohio shale investments

Jul 16, 2012

Ohio’s oil and gas producers believe Gov. John Kasich’s proposal to increase the severance tax could discourage future investments in the state’s emerging Utica and Marcellus shale plays, said members of the Ohio Oil & Gas Association.

NiSource, Hilcorp form JV for Utica shale production

Jul 10, 2012

NiSource Inc. unit Midstream & Minerals Group LLC, Merrillville, Ind., has formed a joint venture with affiliates of Hilcorp Energy Co., Houston, a privately owned oil and gas exploration and development company.

Ohio: Gulfport drills record length Utica shale wells

Jun 21, 2012

Gulfport Energy Corp., Oklahoma City, said two of its Utica shale wells represent the longest laterals and longest measured depth wells ever drilled in Ohio.

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.

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