Sunday, November 6, 2011

Utica Shale - Anadarko Petroleum (APC) - Ohio

November 7, 2011 - The Utica Shale continues to heat up! Anadarko Petroleum (APC) recently announced in their earnings report that they've added 300,000 acres of mineral rights in the Utica Shale (Ohio). Anadarko Petroleum (APC) is after the oil in this shale play.

"Additionally, in the U.S. onshore, we've been assembling a position in Ohio's Utica Shale, and over time, we have acquired interests in approximately 300,000 gross acres in the prospective liquids-rich window at attractive entry costs. We've recently spud our first well in the play and look forward to an active drilling program in this emerging area."