“Unlocking the key” to unconventional plays is a popular moniker in today’s oil and gas market. Among the trickiest of plays to master is the Utica Shale, located across Maryland, New York, Ohio, Pennsylvania, Virginia and West Virginia.

The Utica lies beneath the Marcellus Shale, which was first discovered in 2004 by Range Resources (ticker: RRC), and has roughly matched its predecessor in terms of drilling productivity per rig. While discovered after the Marcellus, the Utica is estimated to be twice the size (170,000 square miles). The Uni...


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