Gulfport Energy Corp. plans to drill 50 wells next year, on top of its 12 existing, in a $225 million investment. CEO James Palm called the Utica shale an “once-in-a-lifetime play” and a “company changer” in the company’s earnings call.
Chesapeake Energy Corp. CEO Aubrey McClendon recently said he was “thrilled” by the Utica results so far. Chesapeake has the most wells drilled in Ohio with 134 and plans to drill up to 4,000 in the next 20 years.
Joseph F. Barone