Plenty of opportunity in the Utica Shale in Pa.
Wednesday, December 5, 2018
Although Ohio is primarily thought of when it comes to the Utica Shale, operators in Pennsylvania are starting to see opportunity in the Utica, according to Kallanish Energy.
Pennsylvania has about 250 Utica wells and West Virginia has about 50 Utica wells, while Ohio boasts roughly 2,080 producing Utica wells. To date, Pennsylvania drillers have favored the lucrative Marcellus shale because it is shallower.
The Utica Shale’s depth makes it more costly and riskier for drillers, however, the portion of the shale formation in northcentral Pennsylvania is thicker and shallower and those particulars have some operators like Eclipse Resources and JKLM Energy interested.
Learn more: Kallanish Energy > Utica Shale provides stacked drilling options in Pennsylvania
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Shale FAQ
What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.
I own 118 acres of minerals in Potter Co. which includes both Marcellus and Utica formation. Do you know of any lease activities there or companies out searching for opportunities?