Thanks again for a great article.
What is the current price per barrel that this technology needs to remain cost effective for extraction?
I do not believe there is enough wells with flow test data to provide a good answer to that question, at least not yet.
Keep in mind the Utica contains Natural Gas and Natural Gas Liquids as well as oils and the quantities are still very preliminary.
However, this article from a very good source stated that prices could be depressed and still be economical.
But according to Wachovia Securities analysts, only 16 wells for production have been drilled into the Utica so far. That's a small number in a geologic formation that covers some 170,000 square miles.