Artex Energy Selling 14,885 Utica Acres in Eastern Ohio

Artex Energy Group, a subsidiary (on paper) of Marietta, OH-based Artex Oil Company, is selling 14,885 Utica Shale acres located in Noble, Guernsey, Washington and Tuscarawas Counties (southeastern OH). On its website, Artex claims it is “one of the largest oil and gas producers in Ohio” pumping out “millions of dollars per year in royalties to landowners.” The company says it has drilled and operates “more than 600 operated wells in Ohio.” Some of those wells are Utica Shale wells. However, many of their wells are conventional (vertical only) non-shale wells. The auction notice says 87% of the leases being offered are held by production. Over 2,000 acres is part of a joint venture Artex has with Antero Resources on land in Noble and Washington Counties. Artex is accepting bids now and will accept bids through March 2nd, with a target closing date of March 31st. Here are the particulars of what is being offered for sale…

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