PRESS RELEASE – Chesapeake Energy has clearly demonstrated it’s huge vote of confidence in the Utica Shale by acquiring over a million lease acres and drilling a reported 134 horizontal wells, to date, for a total investment of $3.3 billion in Ohio.
Gulfport Energy, Enervest, Range Resources, Consol and XTO are just a few of the other major operators developing this play with millions of acres under lease and horizontal wells that have reportedly initially tested as high as ~7,500 barrels of oil equivalent production per day.
Resources and Caiman Energy recently entered into a $1.5 billion joint venture to develop “midstream” assets and provide necessary infrastructure to process and transport Ohio’s diversified mix of petroleum products including condensate, propane, ethane and potentially other 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 transforming the state’s economy.
Particular areas of investment include exploration and production, midstream, water disposal/recycle, lease acquisition, real estate development and much more!
To find out more about the Utica Shale and how you, a qualified industry investor or participant, can potentially take advantage of this tremendous opportunity, please visit www.uticashaleinvestor.com/Contact_Us.html