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Youngstown & Ohio shale update via CNBC's Cramer

By Todd Franko (Contact)

Published May 3, 2012

Untitled document

We're all trying to get our arms around the impact of the Marcellus and Utica Shale developments in eastern Ohio.

Vindy frack blogger Mike Costarella zeroed in on this piece that ran this week on CNBC featuring Chesapeake and its Ohio plans.

It's a startling update — whether you are pro- or anti- frack.

Look:  http://marcellusdrilling.com/2011/08/chesapeake-energy-ceo-aubrey-mcclendon-talks-to-jim-cramer-about-the-utica-shale-in-eastern-ohio/

Mike had written this week in our inaugural Shale Sheet special section about water consumption due to fracking.

After watching this, he's updating his projections. Read:

My water usage calculation may have been grossly understated using ODNR's projections on wells at 2,250.

According to the CEO of Chesapeake Energy it will be more like 25,000 (by Chesapeake alone) wells drilled in Ohio Utica (over 20 years the CEO said).

At 5 million gallons per frack, the math on water usage is more like: 125,000,000,000 gallons. That is 125 billion gallons.   That's alot of water. Mosquito Reservoir fully stocked holds 34 billion gallons of water.


1UticaShale(854 comments)posted 2 years, 7 months ago

Exactly, another example of a Youngstown entitled taker, not smart enough to know that they don't know. Obvious, this energy sucker themselves, self proclaim that they know more than petro-engineers, geologist and scientist. This is why Youngstown is the armpit of Ohio. The energy industry should soon disconnect their NG during the winter and ban them from all gas stations. I would bet you these losers consume more energy than most of us.

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