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)