Shale Energy Law Blog

Companies Devoting Billions to Developing Utica in Ohio

Energy companies are expected to pour billions of dollars into Ohio’s Utica Shale this year, not only for drilling costs, but also for moving and refining the liquids and gases resulting from production.  Companies have reportedly already budgeted more than $1.2 billion for drilling costs in Ohio this year, with a predicted $6 billion to be spent on drilling and completing wells by the end of 2014.  Several projects have also been slated to improve the infrastructure necessary for the transport and refining of gas, in order to ease capacity concerns.