Is the Utica a Bust? Analysts do not think so and Neither do Midstream Developers

By DAN SHINGLER
9:25 am, April 19, 2013

 

 

So, is the Utica shale boom over?

That was the impression some observers said was created by an April 15 Bloomberg news story titled, “Ohio’s $500 billion oil dream fades as Utica turns gassy.”

But those observers say people who think the Utica is a bust are missing the point. Oil was not the Utica’s major attraction to begin with — “wet” gas that contains not just methane, but ethane and other valuable liquids has       been the major lure for drillers.

Oil, if it was found and successfully extracted, would just be a bonus. (click here for rest of story)

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