The Columbus Dispatch, a local newspaper in Columbus recently reported that a single Chesapeake Energy well in Ohio’s Utica shaleA fine grained sedimentary rock composed mostly of consolidated clay or mud. Shale is the most frequently occurring sedimentary rock. region was producing so much natural gasA naturally occurring mixture of hydrocarbon and non-hydrocarbon gases beneath the earth’s surface – often in association with petroleum..  In fact, it was stated it was producing “enough natural gasA naturally occurring mixture of hydrocarbon and non-hydrocarbon gases beneath the earth’s surface – often in association with petroleum. in 198 days to account for 2 percent of Ohio’s total output for an entire year.”

Quoted from the Dispatch:

The Buell well’s output was about 300 times greater than the average daily output of the 49,000 traditional gas-producing wells in Ohio, said Rick Simmers, chief of oil and gas resources management for the Department of Natural Resources.

Overall, the five Chesapeake wells in Utica produced more than 2.5 billion cubic feet of natural gasA naturally occurring mixture of hydrocarbon and non-hydrocarbon gases beneath the earth’s surface – often in association with petroleum. last year, or 3.5 percent of total production.

When he released his tax plan last month, Kasich was estimating that shaleA fine grained sedimentary rock composed mostly of consolidated clay or mud. Shale is the most frequently occurring sedimentary rock. drilling would generate $4 billion in revenue for oil and gas companies next year and $23.1 billion by 2016. Lately, he’s been saying an undisclosed energy company told him it would take “$1 trillion out of the ground in Ohio.”

“The potential for gas production in particular, and possibly oil production, is very, very good,” Simmers said. “For the gas in particular, that might mean lower natural-gas prices for the consumer. … These production numbers are fairly significant.”

The natural gasA naturally occurring mixture of hydrocarbon and non-hydrocarbon gases beneath the earth’s surface – often in association with petroleum. is bound to diminish after a period of time.  The more the well is being fracked, the less output it will have.  Also, the older the well is, the less natural gasA naturally occurring mixture of hydrocarbon and non-hydrocarbon gases beneath the earth’s surface – often in association with petroleum. it will produce.  But, no person can deny that these levels of natural gasA naturally occurring mixture of hydrocarbon and non-hydrocarbon gases beneath the earth’s surface – often in association with petroleum. being extracted are unusually high.