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Ohio

Devon – Sinopec JV Across 5 New Oil & Gas Plays Agreed

by Kenneth E. DuBose on January 4, 2012

Devon Energy and Sinopec (China) have inked a joint-venture (JV) deal worth $2.2 billion for a 1/3 interest in Devon’s acreage across five new venture plays. Devon is selling an interest in 1.2 million net acres for a little more than $5,000 per acre across several emerging plays: Tuscaloosa Marine Shale Niobrara Shale Mississippian Ohio’s […]

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Athens County OH Utica Shale Leasing Surpasses $2,500/acre

by Kenneth E. DuBose on December 15, 2011

Leasing in Athens County, OH, and other areas of the Utica Shale oil play continue to heat up. Land owners are joining together to sign leases in bulk to get favorable terms. Leases are being signed for $2,500 per acre with rumors of $5,000 per acre in the hottest areas. Some mineral owners are going […]

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Ohio’s Dormant Mineral Act Might Mean You Have Options

by Kenneth E. DuBose on October 18, 2011

Ohio’s dormant mineral act passed in 1989 might open the door for some land owners who recently found their minerals were reserved years ago. There is potential for reclaiming the oil & gas minerals if they have gone undeveloped for many years. This is important for everyone in the midst of the Utica Shale boom […]

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Joining Forces For Favorable Mineral Leases

by Kenneth E. DuBose on October 17, 2011

Joining together with other landowners can increase your bargaining power as well as make paying an attorney an economically feasible option. Farmers in Ohio are joining forces to help negotiate leases that do more than simply lease their minerals. Lease bonuses have soared in recent weeks to as much as $5,000 per acre is hot areas of […]

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Chesapeake’s Utica Shale Well Results Impress

by Kenneth E. DuBose on September 28, 2011

Chesapeake’s Utica Shale position spans more than 1.25 million acres in Ohio and published well results indicate the company has stumbled upon an impressive shale formation. In the oil and wet gas portions of the play in Carroll and Harrison counties, the company reported initial production rates of 1,500 to over 3,000 barrels of oil […]

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Stark County, OH – History of Oil & Gas Drilling

by Kenneth E. DuBose on September 19, 2011

Ohio has a history of oil & gas activity that dates back over 150 years. While the state hasn’t been a hotbed, it shouldn’t be a complete surprise that technology and the Utica Shale have pushed the state back to the forefront of oil & gas development. In a farm field on the east side […]

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Hess Acquires Marquette Exploration’s Ohio Utica Shale Acreage

by Kenneth E. DuBose on September 15, 2011

Hess announced the acquisition of 85,000 net acres in Ohio’s Utica Shale from Marquette Exploration for $750 million. For those keeping track, that’s over $8,800 per acre in counties that border Pennsylvania in east-central Ohio. This announcement is on the heals of a joint-venture with Consol Energy that gave the company 100,000 net acres for […]

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Ohio Officials Ponder the Effects of Utica Shale Development

by Kenneth E. DuBose on September 8, 2011

Ohio state and local officials are preparing for a potential boom from the Utica Shale. It’s good to get ahead of the curve because it will be hard to keep up once the rigs start rolling in. Gov. John Kasich and members of his cabinet met with county officials from across the region Wednesday at […]

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Tuscarawas Valley (Eastern Ohio) mineral leasing now commands as much as $4,000 per acre in the hottest areas. That’s a pretty big bump compared to the $15 per acre being paid last year. This is one instance where you’re in a good position if your title was difficult to research and it took a year […]

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Marcellus Shale Gas Recoverable Reserves | USGS

by Kenneth E. DuBose on August 25, 2011

The Marcellus Shale contains about 84 trillion cubic feet of undiscovered, technically recoverable natural gas and 3.4 billion barrels of undiscovered, technically recoverable natural gas liquids according to a new assessment by the U. S. Geological Survey (USGS). These gas estimates are significantly more than the last USGS assessment of the Marcellus Shale in the […]

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