EOG has been drilling in the Utica shale for months now, and it just reported that the play can “compete with the best plays in America.”. Oil production in the Utica has been on the rise in 2023.

In only two years, the production of natural gas in the Utica Shale region has increased from about 200,000,000 cubic feet per day in September 2012 to 1.34 billion cubic feet per day this month ...

EOG to Boost Footprint in Gas-Rich Utica. To bolster its position in the natural gas-rich Utica shale play, EOG Resources has agreed to acquire U.S. oil and gas firm Encino Acquisition Partners ...

SALEM — There were three new horizontal drilling permits issued in the Utica/Point Pleasant shale play for the week ending Jan. 9, placing the total number of permits issued at 2,117, according to the ...

U.S. shale oil production could be facing some challenges due to well depletion and a shift in company priorities, potentially leading to higher oil prices.

The company is completing it amidst internal debate on whether the project will bear financial fruit. The Marcellus Shale remains Rice Energy Inc.'s workhorse, but the Utica Shale is a growth area ...

Pennsylvania independent Rex Energy Corporation has said it has placed its G Graham 1H Utica shale well onto sales production with 30-day output of 1256 barrels of oil equivalent per day. ...

Drilling companies beginning to explore the Utica Shale got a piece of good news Friday when the U.S. Geological Survey estimated the rock formation in Ohio, Pennsylvania and other states ...

Fracking wells boomed in eastern Ohio over the last five years, but may be fizzling in parts of the state now. Courtesy of WKSU file photo In terms of royalty payments to property owners, the Utica ...

US shale production may decline for first time since 2000. By Carlos Anchondo | 10/25/2024 06:51 AM EDT . Natural gas prices hit record lows in the first half of 2024, making drilling wells in ...

EV Energy (EVEP-OLD +4.9%) jumps on production results for its Utica Shale wells. The Cairns 5H well flow tested at a 24-hour rate of 1,690 boe/day, while the Frank 2H well produced into sales at ...

Shares of Gulfport Energy were in free fall last spring, dropping 55 percent in four months, until the oil and gas producer announced it had drilled its first three wells in the Utica shale ...