GPOR: Great position in the Utica Shale

[dan_s]

Gulfport Resources (GPOR) is the most leveraged company to the Utica Shale. They are in the early stages of a 20 well drilling program. The company should be giving us the results of their first two wells in a couple weeks. - dan

http://www.fool.com/investing/general/2 ... -boom.aspx

Ohio is home to two shale formations, the Marcellus and the Utica. While the former's sweet spot for energy production is located mostly in New York, Pennsylvania, and West Virginia, the best part of the Utica sits under the earth in Ohio. Development of this lucrative shale play is not nearly as far along as the Marcellus, but that is changing fast, creating a multitude of opportunities for investors to cash in.

The state of Ohio
The Ohio Department of Natural Resources estimates that the Utica Shale contains 1.3 billion to 5.5 billion barrels of recoverable oil, and 3.8 trillion to 15.7 trillion cubic feet of recoverable natural gas. Ohio's economy is expected to surge as oil and gas companies move to exploit these resources.