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Drilling Output Doubles In Ohio

But some experts wonder how long the boom can last

May 18, 2013

COLUMBUS, Ohio (AP) — Officials say drilling in Ohio’s Utica Shale region nearly doubled the output of oil and natural gas there since 2011, although some industry experts remain cautious about the......

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TrollSlayer

May-19-13 11:01 PM

Interesting opinion, WVUGEO. Interesting only because DOZENS of big gas companies, employing HUNDREDS of geologists, and investing BILLIONS in leases, wells, and infrastructure, clearly disagree with you. Hmmm, who to believe...

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WVUGEO

May-18-13 9:43 AM

All of this speculative nonsense totally ignores the facts that shale hydrocarbon deposits have been exploited in other areas of the nation for decades and, although they can be made to produce commercial quantities of gas and oil, they also continue to disappoint in terms of what is known as "ultimate recovery". For some background, search for: "US Shale Gas Industry Reserves Are Overstated At Least 100 Percent". We've had decades of experience in the Barnett and Haynesville shales; the Barnett, in west Texas, especially. Even though the shale gas hucksters and their uncritical dittoheads in the public press would have you believe otherwise, per-well production decline rates are so steep, and actual production costs so high, that producing any kind of hydrocarbon from the shales, at anywhere near today's prices, is just unsustainable; and, expectations have been irresponsibly raised way too high.

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