US Oil and Gas Shale Investment Opportunities
PRESS RELEASE – In the rolling hills of Eastern Ohio, the Utica Shale is poised to potentially become the largest oil and gas shale development in the United States.
According to the Ohio Department of Natural Resources, the Utica Shale boast 1.3 billion to 5.5 billion barrels of crude oil and 3.8 trillion to 15.7 trillion cubic feet of natural gas of recoverable reserves in place.
Chesapeake Energy has a reported 1 million net acres under lease while other companies such as PDC Energy, Rex Energy, Antero Resources, EQT, XTO and Gulfport Energy are reporting very aggressive drilling commitments for 2013 and beyond.
There are now a reported 512 drill permits issued, 27 rigs running, 227 wells drilled and Gulfport Energy reportedly has nine wells averaging initial rates of 3,800 barrels of oil equivalent per day. Dominion Resources just announced that they plan to invest in a $1.5 billion joint venture to build a pipeline that will deliver natural gas and petroleum liquids to market.
There are a reported 2,000 wells planned to be drilled over the next several years with a long-term projection of 20,000 wells to potentially be drilled over the next decade. The billions of dollars coming into Ohio are literally transcending the state’s economy.
This boom has made it to northern Washington County, Ohio and appears to potentially be headed south into Athens and Meigs counties.
Industry investment opportunities exist in the areas lease acquisition, upstream, midstream, water hauling and disposal along with many other exploration and production related activities.
To find out more about the Utica Shale and how you can potentially be a part of this tremendous opportunity through lease acquisition or participating as a qualified “industry” investor, please visit www.uticashaleinvestor.com/Contact_Us.html