Wednesday, July 9, 2008

The Utica Shale Play - Canada 7-09-08

The Utica Shale Play, located in Quebec Canada, has been heating up lately. Several companies are buying up acres in a big way. The leader appears to be Forest Oil Company FST....followed by several small companies which I will be listing later today on my website.

Keep an eye on this shale as it is estimated to hold over 24 trillion cubic feet in Natural Gas Reserves. Action really only started on this shale last year beginning with Forest Oil. Haynesville Shale started I believe in 2005-2006.

For more on the Utica Shale - go to this website

For more on President Bush's offshore drilling plan... go here