BP’s Big Plans for Ohio Utica Shale

BP, which signed a leases with some 2,000 landowners representing 85,000 acres in Trumbull County (worth $331 million) just a few months ago, will start drilling early in 2013. But in the meantime, they want to sign up even more acreage in Ohio:

BP Energy is likely to drill its first well in Trumbull County by early 2013, and site preparations for this well should begin toward the end of this year, a company official said Thursday.

"We’re anticipating we’ll be drilling a well by the beginning of next year," said Bruce Abbuhl, Ohio program manager for BP. "Site preparations should begin later this year."

Abbuhl declined to specify the exact location of the well, but added that BP is not finished with its acquisition of land leases in the region. "We’re looking to grow our position in Trumbull County and elsewhere," he said. "Very shortly you’ll see an ad in local newspapers requesting landowners and people who own mineral rights to give us an opportunity to lease those rights from them."*

*Youngstown (OH) The Business Journal (Jun 1, 2012) – BP Looks to Get More Acreage, Start Drilling