Sunday, September 23, 2018

New oil fields

Marcellus deposit left, Utica deposit right
Exxon Mobil views the Utica shale formation as a prime petroleum resource. A Reuters news item reported that Exxon is acquiring acreage in eastern Ohio for oil drilling. The Utica deposit lies below the Marcellus deposit. 

jpr: The numbers and amounts of gas and oil are no way settled at this time.

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