Better Late than Never: BP Gets First Permit for OH Utica

From MDN’s bedtime stories…Once upon a time (in April 2012), a huge international oil and gas company (BP) leased 84,000 acres all at once with landowners in Trumbull County, OH (see BP’s Big Utica Shale Deal, Leases 84K Acres in Ohio). They later tossed out some of the deals (see BP Cancels Deal for 7% of ALOV Leases in Trumbull County, OH). The end.

Whoops! Not much of story—but that’s been the entire story for a year now. After leasing all of that land in Trumbull County, BP has done no Utica Shale drilling. Zip, zero, nada. Earlier this year BP said, in essence, they’re taking their sweet time, but they do intend to drill a few initial wells this year, perhaps starting in April (see BP in OH Utica Shale: The Prospectivity of Producibility). Looks like the wait may be over…

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