The Utica Shale is located in the Appalachian Basin of the United States and Canada. The Utica Shale is a rock unit comprised of organic rich calcareous black shale that was deposited about 440 million to 460 million years ago during the Late Ordovician period. It overlies the Trenton Limestone and is located a few thousand feet below the Marcellus Shale.
The Point Pleasant formation, a submember of the lower part of the Utica interval, is the primary target of the play.
Horizontal drilling, combined with multistage hydraulic fracturing to create permeable flow paths from wellbores into shale units, has unlocked the resource potential of the play.
The Ohio Department of Natural Resources reported that in the Utica Shale in Ohio, as of January 2, 2016, there were 1,126 producing horizontal wells, 403 horizontal wells that had been drilled but were not yet completed or connected to a pipeline, 12 horizontal wells that were being drilled and an additional 447 horizontal wells that had been permitted.
“The phenomenal success we have achieved in the Utica Shale has solidified our position as a leading player in the prolific Appalachian Basin.”
Gulfport Energy’s early mover advantage enabled the company to pick up a substantial amount of acreage in what it believes to be the core of the play. Highlighted facts regarding the Utica include: