Utica (New York, Pennsylvania, Ohio and West Virginia)

When considering shale plays, it’s important to remember that many of them have been well-known for several years. The Utica play however is one of the newest discoveries for natural gas not only in the United States, but in all of North America. Development on the play only started in 2011. The Utica play gets about 1,425 barrels of oil and 9.5 million cubic feet of natural gas in a 24 hour period. It is possible that this will peak much higher as technology and drilling continues. With so many drilling plays in the country, it’s no surprise that the United States is set to be the world’s largest producer of oil by 2015. With all of the technology that has gone into the drilling, and the expanse of the shale plays, natural gas prices have fallen in the United States in the last several years. There is hope that as more crude oil is produced in the country, gas prices will fall as well.