June 19, 2014 - 6:00 AM EDT
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Oil & Gas Production Surges in Ohio's Utica Shale, Triggering New Investments, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jun 19, 2014) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Higher crude-oil prices and a recovery in natural gas prices are driving a surge in Oil & Gas Production in Ohio's Utica Shale. Aubrey McClendon's new company has bought more than $3.5 billion of acreage in that formation since last October. McClendon's former company, Chesapeake Energy Corporation (NYSE:CHK) (Oklahoma City, Oklahoma), declared the Utica its next world-class asset. These moves come as other players, like BP plc (NYSE:BP) (London, England) and Halcon Resources (NYSE:HK) (Dallas, Texas), are exiting the Utica.

Other companies featured: Magnum Hunter Resources Corporation (NYSE:MHR), Antero Resources Corporation (NYSE:AR), Gulfport Energy Corporation (NASDAQ:GPOR), Rice Energy Incorporated (NYSE:RICE), Range Resources Corporation (NYSE:RRC)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

William Ploch

Source: Marketwired (June 19, 2014 - 6:00 AM EDT)

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