Chesapeake Declares Eastern Ohio RICH IN OIL!

Matthew Steffy of the Tribune Chronicle (July 29, 2011) reported an announcement made by Chesapeake:  "Utica Shale in eastern Ohio is liquid rich."  These results follow two years of "proprietary geoscientific, petrophysical and engineering research performed by Chesapeake. Eastern Ohio Utica Shale is said to be "characterized by a western oil phase, a central wet gas phase, and an eastern dry gas phase."   Chesapeake who currently holds 18 of the 24 drilling permits in Ohio plans to drill 20 wells by 2012 and 40 wells by 2014.  The discovery is said to increase the value of Chesapeake by $15 to $20 billion.

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Permalink Reply by Deci Ruiz on August 6, 2011 at 12:45pm
I think your right. This is not the place for that conversation. Sorry
Permalink Reply by mbc on August 6, 2011 at 4:50pm
No problem.  Thanks.
Permalink Reply by Tanya Gabriele on August 6, 2011 at 10:33pm
I'm sorry you feel that way.  But, it's that type of politics that governs when and how the infrastructure of Ohio may be developed.  It is definitely a part of the plan, and it most certainly has a place in this saga.  ABC News reported that China feels our national debt is attributed to war expenses and a social welfare system.  In part, I agree with them.  On the other hand, it bothers me that the one party that was recently accused of holding this country hostage--mirrors the values of a very powerful communist nation that has problems with credit that are far worse than our own.  You need to follow the political agenda because the elitist in this nation may one day ascribe to assume control of YOUR mineral rights.
Permalink Reply by mbc on August 7, 2011 at 12:44am

Oh brother.  Don't go gettin' all wild-eyed on me.  Calm down and have a cup of tea.

015334grltd9mPermalink Reply by 015334grltd9m on August 7, 2011 at 10:41am
What you say is pretty accurate only they all had a hand in it.   Social welfare coupled with an evaporation of industry has been a mainstay of our system for the last three decades, excluding the computer industry.  Thank God for these mineral rights because this product will keep our region prosperous.  Our local concern is going to be the Takers, lead by the elite-entitled will do everything possible to purge property to give to the State.  As far as China, my family has homes in Asia, yes they are amazed at how spoiled we have come to the low point of, God will not provide , the Government will provide.  Alas! they are broke. 
Permalink Reply by scott peterson on August 7, 2011 at 1:33am
this site is not a forum for political views......
Permalink Reply by scott jackovitch on August 7, 2011 at 8:41am
I agree .  I have been on this site for over a year  and until now people have kept political views to themselves.  Lets stick to what this site is for oil and gas info .
Permalink Reply by Tanya Gabriele on August 8, 2011 at 4:55am
I'm sorry that you feel this way boys.  I guess I got political on you because the things that are happening in this country right now are pretty damn scary.
Permalink Reply by scott jackovitch on August 8, 2011 at 8:05am

no hard feelings here !

Permalink Reply by scott peterson on August 8, 2011 at 8:06am
me neither....
Permalink Reply by mbc on August 8, 2011 at 12:12pm
Thanks for being men about this "boys."  Now, back to the subject at hand.  Here's a link with current articles on the happenings.  http://shaleblog.com/

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