News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Lehmans

The Holden Arboretum

Hospice of the Western Reserve


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Ohio's Utica Shale boom may pick up momentum
The vast gas deposits believed to be in the Utica appear to be accompanied by a lot of oil, among other things
by WKSU's TIM RUDELL


Reporter
Tim Rudell
 
Leslie Haines has been a journalist working in the energy field since 1980 and has been editor of Oil & Gas Investor Magazine since the early 1990s.
Courtesy of Oil & Gas Investor.com
Download (WKSU Only)
In The Region:

“Wet wells” are a good thing… to gas drillers working Ohio’s Utica Shale in the northeast and central parts of the state.  WKSU’s Tim Rudell explains.

Click to listen

Other options:
Windows Media / MP3 Download (1:07)


(Click image for larger view.)

Economics dictates the pace

Natural gas prices are at a ten year low, so energy companies drilling in Ohio’s Utica shale began scaling back.  But now, several of the biggest players say they’re seeing economically encouraging output from some wells already brought on line in Ohio in Stark and nearby counties.  They’re getting what they call wet production there: oil; and liquids like propane.  Prices for those are far higher than for natural gas.

Liquids mean a lot

Leslie Haines, Editor-in-Chief of the national magazine Oil & Gas Investor  says that makes a difference in when, and whether, energy companies go forward with what ‘s become known as the Utica Shale play. “It’s a great economic uplift if a producer in Ohio can find natural gas liquids.  He likes that.  It gives him more cash flow with which to go drill more wells.”

Drilling schedule

At least $4-billion dollars in just mineral rights leases have been paid out in Ohio so far with the shale gas boom.  But, the next economic boost, from royalty payments, was not expected until 2014, or later if gas prices remain depressed.  Now that drop of that second economic shoe may be back on schedule.

Related WKSU Stories

Frackers little affected by lower water levels
Wednesday, July 25, 2012

Natural gas surplus means price problems
Thursday, May 3, 2012

A major piece of the picture is just now emerging
Thursday, April 26, 2012

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Three exonerated of murder convictions from 18 years ago
Thanks heavens that none of them have been condemned to death. This alons should convince the USA to join the civilized world by abolishing the death penalty. E...

Kombucha: a sweet business brewed with fermented tea
Stevia is not an artificial sweetener. It is a plant. I have one growing in my sunroom. The leaves are dried and added to teas. It's harvested commercially and...

Bringing back ballet in Cleveland
I do think Ballet in Cleveland is doing good things, but the fact that director says "When we have flourishing companies like the New York City Ballet and the A...

Report confirms some Vietnam veterans may have been exposed to Agent Orange
was in nam 1969 exposed va stated lost medical records was in lawsuit from 197? till settled 0 $ 2010 ? said all nam vets will get back disability till 198? jus...

Mentorship grant program redefines "faith-based" provision
Can't anyone have values, beliefs, and morals anymore? How is it anymore unconstitutional for a school partner with a "faith-based" organization than any other ...

Exploradio: The challenge of finding a healthy balance with technology
Thank you, Jeff, for another well done Exploradio. I always learn something interesting about what is happening in NE Ohio.

Northeast Ohio's transgender community rallies around restroom issue
A good first step would be for Cleveland to require restaurants to have a public restroom. Cleveland is the only city I've ever been in where restaurants somet...

Vapor shops say tobacco tax hikes could hit them hard
Maybe you should be DOING a study, since every time you've tried to villianize them all that's happened was the opposite. I'm not a fan of alcohol that's flavor...

New law gives access to birth records to Ohio adoptees
Can siblings also look for their missing brother or sister? And how do we go about it?

Ida McKinley's tiara comes home, with the help of "Pawn Stars"
I donated to the fund to keep the tiara at the museum where I believe it belongs. I took my 16 year old granddaughter to the showing I dont think it will be som...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University