USGS Releases Estimates of Utica Shale Reserves

A report from the U.S. Geological Survey (USGS) released on October 4, 2012 states that the Utica Shale holds about 38 trillion cubic feet of natural gas.  The report, which is the first assessment of the Utica Shale play, pertains to technically recoverable resources.  The Utica contains an average of 940 million barrels of oil…...