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USGS Quantifies Utica Sale Deposit

The Utica Shale play contains about 38 trillion cu. ft. of undiscovered, technically recoverable natural gas (at the mean estimate) according to the first assessment of this continuous (unconventional) natural gas accumulation by the U. S. Geological Survey. The Utica Shale has a mean of 940 million barrels of unconventional oil resources and a mean of 208 million barrels of unconventional natural gas liquids.

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Stikine Energy Seeks to Become Major Canadian Supplier

Vancouver, B.C., Canada-based Stikine Energy sees profit potential in the production of frac sand from silica sources in northeastern British Columbia. The company said frac sand represents a strategic opportunity in the market and a first for what is shaping up to be a massive gas play in region.

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This Week’s Market Buzz

  • According to the Winona Daily News, Winona County, Wis., will re-publish Environmental Assessment Worksheet drafts for two proposed frac sand mines after staff discovered an error in the public comment process. In the drafts, the county said public comments on the reviews should be sent to the Minnesota Pollution Control Agency. County staff confirmed Tuesday that the county will accept the comments – the MPCA doesn’t handle them. The county plans to republish the review drafts with the correct information.

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Preferred Sands CEO Named Award Winner

Michael G. O'Neill, founder and CEO of Preferred Sands, was named the Ernst & Young National Entrepreneur Of The Year 2012 “Energy, Cleantech and Natural Resources Category Award” winner. The Ernst & Young Entrepreneur Of The Year Award is the country's most prestigious business award for entrepreneurs.

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Minnesota Forum Focuses on Frac Sand

The city of Red Wing, Minn., centered its quarterly forum on silica sand. The meeting featured representatives from the Department of Natural Resources, Minnesota Pollution Control Agency, Minnesota Department of Transportation, Minnesota Department of Health and Environmental Quality Board.

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