Last year, real-estate developer and art collector Ron Pizzuti opened the doors to the Pizzuti Collection in the Short North, a venue at which to showcase his vast art collection. After purchasing his first piece of art in 1972, he has since amassed more than 1,500 works by artists ranging from Frank Stella to Ai [...]
Natural Gas Report Shows Productivity In Utica Shale
The first look at actively producing natural gas wells in Ohio’s Utica Shale formation using the method known as hydraulic fracturing show high levels of gas production.
Figures reported Monday by Oklahoma City-based Chesapeake Energy Corp. show five wells in eastern Ohio producing 2.6 billion cubic feet of natural gas in 2011.
The figures, which Chesapeake provided to the Ohio Department of Natural Resources, shows one well alone in Harrison County producing 2 percent of the state’s entire natural gas production.
Rick Simmers, Ohio’s oil and gas resources division chief, says preliminary production for all the wells is very high.
Companies including Chesapeake have drilled 38 other wells that have yet to report production.
Ohio has issued about 150 permits for Utica Shale wells in Ohio.