Production from the Utica shale oil play, the newest in a series of oil shale plays in the United States, could reach 140,000 to 150,000 barrels of oil equivalent per day by 2016, according to Bentek Energy, an energy market analytics company based in Colorado.
Bentek said the Utica Shale oil formation, blanketing the state of Ohio and the fringe of western Pennsulvania, is very similar to that of the Eagle Ford Shale play in south Texas.
At about 35 degrees API, the crude quality of the Utica is more consistent than that of Eagle Ford which is actually a variety of light crudes ranging up to 70 API, according to Bentek.
Chesapeake is a major operator in both these shale oil formations as well as in the Marcellus which straddles the border of New York and Pennsylvania.
Marathon said earlier its 78,000 barrels-per-day (bpd) refinery in Canton, Ohio, and its 212,000 bpd plant in Catlettsburg, Kentucky, are poised to take Utica oil.
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