According to RBN Energy, though the 2012 production numbers released by ODNR were low enough to disappoint investors, the data doesn’t tell the whole story. As infrastructure comes online there should be a surge in production.

Sandy Fielden of RBN Energy argues that the data released from ODNR is a bit misleading. Why?

Read it:

“Part of the reason that the ODNR results are misleading stems from the fact that 2012 drilling in the Point Pleasant shale formation in Northeast Ohio – the sweet spot for producers  – was targeted in that part of the shale that produces primarily wet gas and not oil.”

The ODNR report also mentioned that more wells have been drilled than are actually in production. Drillers seem to be waiting for infrastructure  including pipelines, before putting their wells online.

» Via: RBN Energy› Utica Oil or Bust? A Wet Gas Play With Plenty of Condensate