Utica Shale

Halcon Resources Reports On Utica Shale Operations In Ohio And Pennsylvania

Halcon Resources Corporation (NYSE:HK) plans to drill between four and six wells into the Utica Shale during the last six months of 2012.  The first two wells in this program will be spud in October 2012.

Halcon Resources Corporation has about 130,000 net acres prospective for the Utica Shale/Point Pleasant formation.  The leasehold is located in Trumbull and Mahoning Counties, Ohio, and Mercer, Venango and Crawford Counties, Pennsylvania.

Halcon Resources Corporation has obtained five drilling permits to date and expects to receive the other permits shortly.  The company plans to shut in Utica Shale wells for up to 60 days prior to putting them onto production.  The wells are shut in to enhance the long term recovery of hydrocarbons and the lack of infrastructure in the area to process and transport oil and gas.

Halcon Resources Corporation expects first production from the Utica Shale in the first quarter of 2013.

Utica Shale Permits By County

Carroll County has received 128 well permits to drill into the Utica Shale from the Ohio Department of Natural Resources, the most of any county in Ohio. Columbiana and Harrison Counties are second and third with 49 and 32 permits, respectively.  The full list is below and covers through August 20, 2012.

Ashland	1
Belmont	8
Carroll	128
Columbiana	49
Coshocton	3
Geauga	1
Guernsey	17
Harrison	32
Holmes	1
Jefferson	28
Knox	2
Mahoning	12
Medina	1
Monroe	17
Muskingum	3
Noble	12
Portage	10
Stark	13
Trumbull	2
Tuscarawas	7
Wayne	1
Total	348

 

 

 

BP Enters Utica Shale Play In Ohio

BP (BP) has reported that the company has signed a deal with a local landowners group to lease acreage prospective for the Utica Shale. The Associated Landowners of the Ohio Valley represents mineral owners that control 84,000 acres in Trumbull County, Ohio.

BP said that the actual lease terms will be confidential and be negotiated with each individual mineral rights holder.