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<DIV>
<DIV>Stovers, </DIV>
<DIV> Last Thursday I took a 200 mile trip to the
emerging Utica Shale oil/ gas fields in Eastern Ohio. My intent is to find work
to replace my landscaping work lost by the housing and construction
depression. I have been self employed as a landscaper for 32 years, but seeking
work in the oil fields is not new to me. In winter of 1981, I set up a drilling
rig in Wyoming, but my full time job in North Dakota as a deck hand was canceled
due to the crash in the price of oil. I've always wanted to return to the oil
fields, even if just to finance my search for alternatives. </DIV>
<DIV> Some on this list may see tight oil as just another
fossil fuel boom, set to crash the search for REAL alternatives like SOLAR,
WIND, and BIOMASS. Some of us see it as a link to the new technologies,
transitions fuels which will save the western economies hard hit by rising oil
and gas prices. One thing is clear. The emergence of cheap shale fuels is a
global energy game changer. Cheap NG replacing coal will slow the saturation of
carbon in the atmosphere, and globally, shale oil will reduce the western
world's dependence on oil from rogue nations. SHALE OIL is not to be
confused with OIL SHALE which needs heated to release the oil.</DIV>
<DIV> My experience showed me that the latest boom nearly
in my backyard is real. The Utica Shale will be the next game changer. Latest
estimated surveys rate the Utica ( 34t cu ft.) in the same category as the giant
Marcellus shale (84t cu ft.) with nearly half the NG reserves already
projected at this very early point in exploration. As an oil producer, the Utica
is being talked about like the newest Eagle Ford or Bakkan. shale oil
giants. Estimates range from a billion barrels ( USGS) to
more than 5 billion barrels (ODNR) of mostly light oil may be produced. The
reserves of these other basins have been continuously upgraded as techniques to
extract hydrocarbons are improved, and new wells produce new discoveries.
The Utica estimates have a lot of room to grow because it is such a large and
thick rock layer. Only the tightness of the formation is restricting it from
being estimated as bigger. These early estimates are based on just a couple
dozen producing wells out of tens of thousands of wells to be drilled. </DIV>
<DIV> The recent discoveries are producing large amounts
of wet gas or NG with condensates and gas liquids. This has accelerated the move
of rigs from dry gas Marcellus areas east of Ohio, to the wet gas and oil
producing Utica. The gas liquids such as ETHANE, PROPANE and BUTANE will be
used to produce chemicals, plastics and synthetic rubber. These liquids are
found in the overlap zone where gas production in the east transitions to oil
production in the west. The price of dry NG had crashed this winter below
production costs due to a glut, but is now rebounding to marginally profitable
levels. The Ohio big drilling rig count has risen from 17 this spring to 35 at
latest count. I personally witnessed a brand new very large horizontal rig being
moved from a riggers staging yard to a drilling site. </DIV>
<DIV> What do us Stovers think of these developments? How
will tight oil and gas affect your lives, your projects, and your view of the
future of energy? I look forward to a robust discussion of this important topic.
</DIV>
<DIV> </DIV>
<DIV> Dan Dimiduk </DIV>
<DIV> Owner : Carefree Landscape,
since 1980</DIV>
<DIV> Founder: Shangri- La
Research since 1990 </DIV>
<DIV> </DIV>
<DIV> Visit me at: <A
title=http://carefreelandscape.co
href="mip://04d04010/carefreelandscape.co">carefreelandscape.co
</A></DIV></DIV></FONT></BODY></HTML>