Weak gas infrastructure fueling Utica's struggles

"So, when drillers elsewhere were getting maybe $2.75 per mcf for their gas, in Ohio: “On July 4, I saw Utica gas sell for 64 cents,” said Ohio Oil and Gas Association executive vice president Shawn Bennett in a recent interview.

To be fair, that’s a strikingly painful price, even for the Utica. But that same day in mid-July, Bennett looked up the price of Utica gas while the Henry Hub price was $2.80, and found that Ohio drillers were only getting about $1.12 for their gas. That’s about typical, he said.

What’s worse, he said, is the fact that the Utica’s chief strength — the high liquid content of its natural gas, including ethane — has turned into a weakness."

http://www.crainscleveland.com/article/20150725/NEWS/150729882/weak...

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