Utica Leasing Takes Off in Jefferson County, OH – Bonus $6K/Acre

In early June, MDN brought you the news that officials with Ascent Resources (formerly American Energy Partners) and Chesapeake Energy said their respective companies are putting a renewed focus on Jefferson County, OH in the coming months (see Uptick in Utica Drilling Predicted for Jefferson County, OH). We have some evidence that their words are becoming actions. MDN pulled the list of requests to drill new horizontal wells in Jefferson for Jan 1 – Jun 29 from the Ohio Dept. of Natural Resources’ website. Indeed, we found 19 such permit requests, most of them from Ascent and a few from Chesapeake (see the chart below). However, before the drillbit hits the dirt, you must first lease land. An MDN reader and landowner who lives in Jefferson County sent us an update on leasing activity in the county–very exciting leasing activity. Not only is Ascent active, so too is Gulfport Energy…

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