But Walker said EnerVest's biggest bet and most potential is finding oil in the gas-producing Utica Shale, which is in Pennsylvania, Ohio, New York and West Virginia. Walker is banking on using natural gas liquids, not water, in the hydraulic fracturing, or fracking, to draw out the oil.

"We still have a little over 800,000 net acres in what’s turning out to be a very big play," Walker said. "Everybody’s kind of written off the oil window in the Utica, but we think it’s just being completed the wrong way. It’s an extremely dry shale. It’s less than 5 percent water saturation. We spudded a well about three weeks ago, and we’re going to do a liquid butane frac. So we’re not going to introduce any water into the formation, which we think is creating a permeability barrier when you introduce water into it.

"It will be first liquid butane frac in that area — and maybe in the United States," Walker said. "If that works, it could open up a very big area. It’d be akin to the oil window of the Eagle Ford. So it’s probably our most upside and the thing that I do my daily prayers over. But I’ll have to caution that every time we really need something to … happen, I don’t think in my life it’s ever happened (laughs).

http://www.bizjournals.com/houston/blog/drilling-down/2014/10/enerv...

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Only looking at the maps and presentations.

Reading / looking / listening.

Infrastructure slowly developing.

Politicians and O & G maneuvering.

Resources we're told are there.

Good luck to all of us north south east and west.

Can't see how it serves anyone to be pessimistic times like these.

Feels better to be optimistic.

Glass is half full to me not half empty.

Hey, atleast Jimmy Aislandes is still looking at the RR up there.

Don't know of Jimmy myself or much about the RR.

There's a rail passes thru Dorset.  Here the engine's whistle as it rolls thru regularly.

That's about it tho.

Spell check didn't work in my reply immediately above.

It's : 'Hear the engine's whistle.......' (not : 'Here the engine's whistle.......').

Sorry about that.

My bet is that it still boils down to asset management, market conditioning, political / legislative maneuvering and the fact they have tons of resources available and being drilled already anyway.

G & O boys are rolling in dough just the way things are to boot.

They don't seem to be in a hurry do they ?

When you're flush with dough anyway what's the rush ?

Take your good old time and work every angle you can to maximize your returns and future returns.

Reading about all the lawyering / court cases going on ?

They have to pay their legal departments anyway may as well put them to work, don't you think ?

MFC. MedinaFuelCompany.

Huh ?

Jimmy ?

RR ?

MFC ?

I don't follow - sorry.

Care to elaborate ?

Who is the only company to drill in Ashtabula this past year. Get your head out of the clouds.

Thanks (I think ?).

You're saying Jimmy of MFC dropped a well in Ashtabula County this past year ?

Had not heard that before.

Where in County ?

Must have been a vertical.

What strata ?

Trenton ?

Clinton ?

Other ?

Slowly catching up to you.

Googled M F C.

Medina Fuel Company in Coshocton, Ohio.

Jimmie Aslanides, President.

I thought the core samples for up north are heavy saturated with oil. I also thought it is pressure and the oil not able to flow was the problem. I believe the butane will somewhat melt the oil.and allow it to flow with it to the surface. Pressure still may be a issue.

From what I've read it's about 5850' down to the bottom of the Point Pleasant and the Point Pleasant is where the oil is supposed to be.

That's prertty deep, and it seems to me that if they can get the oil to flow out of the rock somehow (using propane / butane / methane / other diluent) and into the lateral, there ought to be enough pressure (because of all that cover / overburden) to lift it to the surface. 

One of the outfits said they needed only 4000' of cover / overburden to lift the production to the surface to harvest it.

The other thing is they have to want to go get it !  I would like to see them in that frame of mind myself !

Wishing them and all of us much luck.

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