About its Utica-specific company, Aubrey calls it extraordinary. "In our view, pound per pound, it's the best gas rock in the U.S.." #ADConf
— HART ENERGY EVENTS (@HartEnergyConf) September 4, 2014
Actually Aubrey McClendon called the Utica "extraordinary" at the Hart Energy Conference in Dallas but the pound per pound verbiage will probably follow him for some time. He probably won't mind.While the Utica has grabbed all the energy news in Ohio for the past 3 years at least one energy driller is looking to find profits in the Clinton sandstone formation in Stark County. EnerVest Ltd., based in Houston, has drilled several miniaturized horizontal wells, mostly around Louisville and Alliance in northeast Stark County, to test the potential profitability of the sandstone. Stark County is one of 23 Ohio counties that sit atop the Clinton. Drilling for oil and gas in the Clinton is not new. Stark county's first well was drilled in 1900. For that matter, fracking in the Clinton isn't new either. Years ago drillers used dynamite to "shoot" wells, cracking the hard stone to allow the oil and gas to escape. EnerVest is drilling mini horizontal wells with a depth of about 4000 feet and a lateral of 1500 feet and while production will never match that of the Utica the cost per well is a fraction of an Utica well. So far EnerVest has drilled 7 wells and it will be another 90 days before it will know if the Clinton can be profitable once again.
Another group that is exploring Clinton in Ohio is the Energy Cooperative, a Newark, Ohio, cooperative of several local utilities. The cooperative bored about 3,800 feet into Coshocton County, then horizontally another 2,800 feet.
We shall see.
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