CEO Frank Tsuru of Houston-based M3Midstream is investing over $1B across Eastern Ohio in a
rush to get into the Utica ballgame. His enthusiasm is generated by the incredible profit
margins which his company projects for Utica operators. He claims that based upon well results
to date, producers will achieve an internal rate of return of 91% over the life of the well(s).
Incredibly, he claims that dwarfs even “the next-best shale play, the Eagle Ford in south Texas”.
Producers there, according to Mr. Tsuru, have an average rate of return of about 60%. These
numbers all obviously tower over those of dry gas shale plays, including the Haynesville,
Posted by John W. Landman on June 8, 2014 at 3:52pm
There was a time when the most prized capability of drilling rigs, besides how deep a well they could drill, was their…Continue
Posted by Keith Mauck, Publisher on June 25, 2014 at 1:59pm