In Ohio, the Fog Begins to Lift Over the Utica Shale

NEW YORK, March 25 (Reuters) – Shares of Gulfport Energy were in free fall last spring, dropping 55 percent in four months, until the oil and gas producer announced it had drilled its first three wells in the Utica shale formation in Ohio.

The Oklahoma-based company’s value has since more than doubled, bolstered by a series of company production updates on those and a handful of other new wells located in what many believe to be the next frontier in America’s oil and gas revolution.
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