Another Article Jumps in to Throw Cold Water on Utica Shale Naysayers
From the Tribune Chronicle:
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Read the rest of the article here.The Ohio Department of Natural Resources estimated there was up to 5.5 billion barrels of oil reserves, something The MotLey Fool now says "might have been a bit too optimistic."But, wait, it followed that up with, "That doesn't mean that the Utica isn't going to turn out to be a very profitable play for some companies."In fact, for the right operator that has the right location, the Utica looks like it will turn out to be a very important driver of both profit and production growth for years to come."So, while expectations may be scaled back, it's a matter of recalibrating a tape-measure home run to one that just clears the fence.It's still a home run.
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