[thackney]

I still haven’t seen Chesapeake release any reserve numbers or well economics.

I expect any number from Chesapeake will be preceeded by the words "up to", rather than "at least".

[crusty old prospector]

This website has a decent summary of the Utica Shale. I would say that the oil play would extend to the -8000’ contour at the most. Deeper than that, it is more than likely a gas play. Looks like the oily play will be in eastern Ohio and southern New York. At depths below -12,000’ in Pennsylvania, it is probably over mature.

http://geology.com/articles/utica-shale/

[thackney]

I was close. Rather than “up to”, it was “as much as”.

Chesapeake Energy Corp. produced as much as 1,425 barrels a day of oil and petroleum liquids at one of its first four wells in Ohio’s Utica Shale

http://fuelfix.com/blog/2011/09/28/chesapeake-reports-production-from-first-utica-shale-wells/