Ohio Utica Shale operators must still be interested since permits are still being sought, correct?

In Q1 2012 there were 82 permits issued vs. 127 in Q1 2013 for the Ohio Utica Shale, so I believe that there is still interest. www.uticashaleblog.com/p/drilling-permits.html data & maps shows wells still being permitted at a good clip. So why would operators seek permits at increasing numbers if there was not some optimism for the future?

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0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on April 18, 2013 at 3:49pm

There's plenty of optimism.  There are some sweet spots emerging from the data sets and operators will want to drill those areas.  Don't let the nitwits in the media (esp. Bloomberg) tell you otherwise.

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