Sunday, July 31, 2011

On to the Utica shale

Last week in my day job, I noted how drilling for natural gas and fracking in Marcellus shale was very profitable for two of the larger players in  that industry in West Virginia in the second quarter. Included in the earnings release for Chesapeake Energy was an announcement that the company is investing heavily in Utica shale in Ohio. This article came from the quarterly Q-and-A with analysts and goes into more detail.

What will it mean economically and environmentally for the upper Ohio Valley? I don't know, of course, but it will be interesting to see how the residents of eastern Ohio react compared with those in West Virginia, Pennsylvania and New York who live near or are involved in Marcellus shale development.

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