Utica Shale Opportunities in Eastern Ohio
Companies can profit from Ohio’s position atop and next to the fastest growing natural gas and NGL shale plays in the United States: the Utica and Marcellus Shales.
Over 25 billion cubic feet per day (bcf/d) of natural gas is being produced in the Marcellus and Utica, and production is projected to reach 29 to 33 bcf/d by 2022. Much of Ohio’s Utica Shale is full of valuable natural gas liquids (NGLs), such as ethane, propane and butane. Over 700,000 barrels per day are currently produced, and NGL production is expected to reach 1.2 million barrels a day by 2022.
Ohio is near to end-use markets, within 600 miles of 60 percent of North American manufacturing capacity and over 50 percent of the U.S. population.