BP’s Big Utica Shale Deal, Leases 84K Acres in Ohio

BP has entered the Utica Shale play by signing a lease agreement with with the Associated Landowners of the Ohio Valley (ALOV) group to lease 84,000 acres in Trumbull County, OH. Not sure why, but BP and the ALOV group officially are not disclosing the terms of the deal (as you’ll see in the press release below). However, terms have already leaked:

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