ExxonMobil Corporation (XOM - Analyst Report) is all set to exploit Ohio’s Utica Shale, supposedly one of the biggest sources of crude oil in the United States. The company has made its entry into the oil-rich fields of Utica Shale by acquiring leases in…

Hess and Consol team up for Utica

US independent Hess has staked a claim in the simmering Utica Shale play in Ohio after a $593 million joint venture with coal and gas giant Consol Energy, announced on Wednesday.

Luke Johnson  07 September 2011 17:38…

All of the major, publicly-traded companies drilling into the Marcellus Shale have reported their second-quarter earnings. Thanks to SeekingAlpha, transcripts from those calls are publicly available and easily searchable.

Here are some of the major takeaways in the reports:

Exco Resources:

• Spudded seven new operated wells and drilled and completed 6 gross (2.7 net) operated wells during the second quarter 2011 in the Marcellus shale. The IP [initial production]…