Decision Point: Will BP Drill Their Utica Acreage? Or Pass? | Marcellus Drilling News
In March 2012, BP leased 84,000 Utica Shale acres in Trumbull County, OH for $3,900 per acre and 17.5% royalties (see BP’s Big Utica Shale Deal, Leases 84K Acres in Ohio). They now have a total of 104,000 acres under least in northeast Ohio. But it's been hurry up and wait. For an entire year we
