Indepth Exploration LLC to drill in Pennsylvania Utica Shale Play

The Utica Shale will be the largest oil and gas discovery in American History. All major oil and gas companies have come together for the first time in many decades to develop the largest rock formation known in America
 
 
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May 13, 2012 - PRLog -- Industry Partners on the Adameck Prospect #1, have invested several years of preparation and research in the development of the Drilling Program. This is a multi-zone program that was developed in the in Northwestern part of Pennsylvania. This is the most active leasing and drilling area in the United States. Several major oil and gas companies (Exxon, Chesapeake, BP, Chevron, Anadarko, Devon, Shell and Devon) are in this area to develop the Marcellus Shale and Utica Shale.

The Adameck #1 multi-zone prospect was developed by Indepth’s Industry Partner in Pennsylvania, (Utica Resources) and offers investors a unique opportunity to participate in the next largest oil and gas play in American History. Experts believe there are Trillions of Cubic Feet of Gas and Billions of barrels of oil in the Utica Shale and Utica Resources is actively leasing acreage in Northwestern Pennsylvania for future drilling programs.

The Marcellus Shale was the Opening Act.

When it comes to superlative descriptions of oil and gas reserves, the Utica Shale is in a class of its own. Experts say this will be the largest oil and gas discovery in American History.

A rock layer below the Marcellus Shale is developing into another incredible source of huge oil and natural gas reserves in the state of Pennsylvania.
This huge formation is: The Utica Shale


The Marcellus Shale is being developed into one of the world's largest natural gas fields. However, what we are seeing today from the Marcellus is only the first step in a sequence of oil and natural gas plays.
The second step is starting in the Utica Shale.

In fact, the Utica has nearly twice as much areal extent as the Marcellus, spanning more than 170,000 square miles (110 million acres) beneath eight states and across the border into Canada. The epicenter of initial drilling and development activity to test the potential of the Utica is in eastern Ohio and western Pennsylvania.

How Deep is the Utica Shale?


The Utica Shale is much deeper than the Marcellus.  In some parts of Pennsylvania the Utica Shale can be over two miles below sea level. However, the depth of the Utica Shale decreases to the west into Ohio and to the northwest under the Great Lakes and into Canada. In these areas the Utica Shale rises to less than 2000 feet below sea level.

Most of the major rock units in the Appalachian Basin are thickest in the east and thin towards the west. The rock units that occur between the Marcellus Shale and the Utica Shale follow this trend. In central Pennsylvania, the Utica can be up to 7000 feet below the Marcellus Shale but that depth difference decreases to the west. In eastern Ohio the Utica can be less than 3000 feet below the Marcellus.
Development of the Utica Oil and Gas Shale Gas Play



In early 2011, most of the mineral rights leasing and drilling activity tied directly to the Utica Shale were in eastern Ohio, Northwestern and West Pennsylvania and Ontario, Canada. In these areas the Utica Shale is less than 4000 feet below the surface and the Marcellus Shale is not always present. (If the Marcellus is present it becomes the target because it is shallower, less expensive to drill and has a proven potential.)
THE GAME IS ON ….


The Utica Shale is distinguished by also harboring natural gas liquids and large quantities of oil which have sparked a rush by energy companies to acquire leases on millions of acres of land, especially in eastern Ohio and western Pennsylvania.

Indepth Exploration’s industry partner is Utica Resources and they are actively leasing acreage in northwestern Pennsylvania for Utica Shale drilling programs.  Utica Resources is a longtime Pennsylvania oil and gas Operator with vast experience in Operations, Drilling and Leasehold acquisition.  Our first well, the (Adameck #1) will be drilled in Erie County, Pennsylvania to test several zones.

The Utica's riches have already generated investment from at least a dozen major oil and gas companies including Chesapeake Energy, the world's leading shale-gas producer, which has leased 1.25 million acres across the play, more than any competitor. Since Chesapeake Energy first announced in August that the Utica shale “may be one of the biggest oil discoveries in history”, county courthouses in Ohio and Pennsylvania have been flooded by “land men” who are pouring over deed records in an effort to find mineral rights owners and make them an offer.

The Rose Run formation will be our first target pay zone and it is located at approximately 7200 Feet. Indepth Exploration’s Industry Partner, Utica Resources, is of the belief that the Beekmantown Dolomite, the Theresa Dolomite and the Rose Run Sandstone formations are best along the push up running along Lake Erie from Ohio to New York State. Some of the biggest wells drilled in this part of the state are from those formations and run right along that push up and the Adameck #1 is located right at the base of that uplift.  Just 5 miles to the north of our prospect the depth of the formations can anticline from 7300 feet to 6400 feet.  The Rose Run Sandstone and the Beekmantown Dolomite has the potential to produce 750 barrels of oil per day and 3 million cubic feet of gas per day in each of those formations alone.

We have several formations that have huge potential production in the Adameck #1 and we believe that this well could potentially produce hydrocarbons in several zones for many years. We are actively leasing acreage in this area and that will offer our investors the opportunity for future development.
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Tags:Oil And Gas Investments, Oil And Gas Investing, Oil And Gas Investment Opportunities, Partnerships
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