The Utica Shale contains ~38 Tcf of undiscovered, technically recoverable natural gas, plus an...

|By:, SA News Editor

The Utica Shale contains ~38 Tcf of undiscovered, technically recoverable natural gas, plus an average of 940M barrels of oil and ~9M barrels of natural gas liquids, according to a new assessment by the U.S. Geological Survey. Some early wells from the likes of CHK and REXX show promise, but the estimates still pale vs. the Marcellus, which holds ~84 Tcf of gas.