Encore Energy, Inc. specializes in “lease acquisition and development of the Utica Shale play and other oil and gas projects in Ohio.” Think of Encore as a real estate agent for leases. Encore issued a press release yesterday to get some attention on Utica Shale properties they are “shopping”–looking for drilling companies who want to buy the leases. Encore will shop their leases at the upcoming NAPE East event in Pittsburgh next week. (Note: MDN editor Jim Willis is attending NAPE East, hanging out at the Shale Daily booth, #205. Please stop by if you’re at the show and introduce yourself!)
The interesting part of the Encore press release, which is why we’re bringing it to your attention, is the per-acre asking price Encore lists for Utica Shale properties in Guernsey, Noble and Morgan counties (Ohio):
Utica Shale Properties: Encore represents ~10,000 HBP acres (6,000 – 12,000 additional add-on acres) in Washington, Athens and Meigs counties, Ohio with extensive well data confirming potential in the Utica Point Pleasant and the deeper Trenton Limestone, Beekmantown Dolomite and St. Peter Sandstone. Shallow production and SWD operations included. Encore also has select acreage tracts in Guernsey, Noble and Morgan counties also available for lease. Asking Price $1,000 – $5,000 / Acre
If you’re a driller and are interested, Encore’s president & CEO, Steve Stengell, is attending NAPE East:
Mr. Stengell and Encore will be presenting these and other potential joint venture and investment opportunities at Booth 914 at East NAPE 2013.
For more detailed due diligence information, contact Steve Stengell at 270.842.1242, ext. 221 or by e-mail at [email protected]
*Encore Energy, Inc. (Apr 2, 2013) – Steve Stengell and Encore Energy Present Producing Oil Properties For Sale and Utica Shale Acreage For Lease at East Nape 2013