PRESS RELEASE –The Utica Shale of Eastern Ohio provides tremendous investment opportunities for high net worth and qualified investors.
PDC Energy, Antero Resources, Gulfport Energy, Chesapeake Energy and other major oil and gas operators have acquired millions of acres in the Utica Shale of Eastern Ohio and report initial production rates of 2,000 – 8,000 barrels of oil equivalent and as much as 38 million cubic feet of natural gas per day per well. There are a reported 2,000 wells planned to be drilled over the next several years with an estimated 25,000+ wells planned for the next several decades. Each well is projected to cost in the range of $8 – 10 million with estimated reserves of up to 500,000 – 1,500,000 barrels of oil equivalent, according to industry reports. Midstream companies are investing hundreds of millions to develop the necessary infrastructure to deliver methane gas and petroleum liquids to the end user.
This massive influx of billions of dollars into Eastern Ohio is literally transcending the state’s economy.
To find out more about the Utica Shale and how you, as a qualified industry participant or accredited investor, can take advantage of this tremendous opportunity, please visit www.uticashaleinvestor.com/Contact_Us.html