Marcellus/ Utica Exploration
Utica Exploration
Phase Two is to drill a minimum of (2) wellsite's per year.
We will control two attractive leasehold positions in McKean County Pennsylvania (600 acres on drillsite and 1300 additional acres).
Our acreage is in the hydrocarbon window of the prolific Marcellus and Utica shale trends and offers great promise. We may also acquire another
10,000 acres surrounding our McKean County position. There is significant drilling activity to the east, and south of our area, by companies such as Shell, Seneca Resources, EQT
Production among the most active players.
• We have already proven the commercial viability in the Marcellus with additional potential in
the Upper Devonian Burket Shales by drilling a vertical well in our leasehold in McKean
County.
• Our current plan is to drill another well in McKean County to penetrate both the Marcellus and the Utica Formation (approximately 4000 feet below Marcellus).
• The well will be cored, tested and completed in the Utica
- Projected initial daily production rate of 12 MMCFD and 240 Bbls of liquids per well • Net Reserves of 7.0 Bcf and 139,000 Bbls per well
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