EID's Shawn dissects the recent misleading article Reuters published on Utica Shale data:

"While media outlets across the nation are touting the economic success Utica Shale development has ushered into Ohio, a recent Reuters article entitled  “Is Ohio’s “secret” energy boom going bust?” took a much different approach.  In seeking to manufacture a controversy where none exists the article did more to confuse readers than it did in telling the story of Utica Shale development.

The failure of the piece is simple. In seeking to incite divisiveness, the article misses the fact that the data it claims is “secret” is already being voluntary disclosed. While it is true that here in Ohio companies are only required to report their production data once a year, many have taken the lead in sharing  this data through investor calls and field updates.

What Reuter’s reported as a possible “bust” flies in the face of production data already released and a recent USGS study. That study declared the Utica holds 38 trillion cubic feet of natural gas, a mean of 940 million barrels of oil and a mean of 208 million barrels of natural gas liquids.  These numbers, like many federal government resource estimates that have come before, are a conservative estimate based on data from limited development."

READ THE REST: http://www.eidohio.org/reuters-fails-to-look-at-whole-picture-in-th...