It looks like the Utica is starting to get some attention from...

It looks like the Utica is starting to get some attention from the majors.

Quote from article below:

Chesapeake, based in Oklahoma City, has leased 1.25 million acres in the Utica Shale, a formation that stretches beneath the Eastern U.S. from Tennessee into Canada. Chesapeake said its acreage in the Utica, which is concentrated in Ohio, may be worth as much as $20 billion. It is seeking to sign a contract with a joint venture partner by the end of the year.

The Utica is "likely most analogous, but economically superior to, the Eagle Ford Shale in South Texas," according to the statement.

"They're saying it's as good as or better than the Eagle Ford," Biju Perincheril, a New York-based analyst for Jefferies & Co. said today in an interview.

http://www.bloomberg.com/news/2011-07-28/chesapeake-s-second-quarter-profit-rises-as-oil-output-climbs.html