Company Profiles

DUG East: Key Players Eye Increased Production In Utica

Drillers highlight positive outlook for the Utica Shale play, which some say is often undervalued.

Faiza

Rizvi

E&P

Fri, 06/28/2019 - 11:00 AM

Encino Energy CEO Ray Walker speaks during Hart Energy’s DUG East conference in Pittsburgh. The company has a 900,000-acre Utica Shale leasehold. (Source: Hart Energy/George Sheldon/Shutterstock.com)

Encino Energy CEO Ray Walker speaks during Hart Energy’s DUG East conference in Pittsburgh. The company has a 900,000-acre Utica Shale leasehold. (Source: Hart Energy/George Sheldon/Shutterstock.com)

PITTSBURGH—The Utica Shale play has been undervalued and underappreciated given its large size and diversity of hydrocarbons, according to an executive for Encino Energy LLC.

“The Utica will really surprise people going forward,” Ray Walker, COO of Encino Energy, told more than 600 attendees at the DUG East conference on June 19.

Encino’s 900,000-acre Utica Shale leasehold has over 900 wells in Ohio. The company continues to expand its footprint with advancements in technology in the gas-rich play, which has “favorable economics and infrastructure,” according to Walker.

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Faiza Rizvi

Faiza is the Associate Editor for Hart Energy's E&P magazine.

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