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Expert: Utica shale could produce 500,000 barrels of oil a day

An Energy Analysts International Inc. associate said Monday that Ohio’s Utica shale could become the third-largest such formation to produce oil and natural gas in the U.S., pumping as many as 500,000 barrels of oil a day from vast underground reserves, the Akron Beacon Journalreports.

Senior Associate Steve Fillingham with Colorado-based Energy Analysts International Inc. was speaking at the Northeast Ohio Logistics Conference & Golf Open at Firestone Country Club, where the shale formation under Ohio was the main topic, the newspaper reports. Read more.

 

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