US releases estimate of Utica Shale reserves

Associated Press Modified: October 5, 2012 at 5:46 pm •  Published: October 5, 2012
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"As more (Utica) wells are drilled and more production data is assessed, reserves figures will likely increase," said Steve Forde, vice president of the Marcellus Shale Coalition, a drilling industry trade group. He hailed the Utica as "another game-changing opportunity."

Domestic production of shale gas has soared in recent years as drillers perfected a technique called hydraulic fracturing, or fracking, and combined it with horizontal drilling to reach previously inaccessible reserves deep underground. The production boom has resulted in lower prices for consumers while stoking concerns about water and air pollution. The drilling industry says its practices are safe.