Pin Oak Energy NOT Actively Leasing in Northern Utica Shale

Earlier this week MDN highlighted Pin Oak Energy Partners and their strategy of targeting the northern Utica Shale, in counties like Mahoning and Trumbull in Ohio, and Mercer in Pennsylvania (see Pin Oak Zigs to North Utica as Everyone Else Zags to South Utica). We told you we had a pretty good idea that the recent acreage Pin Oak picked up in the northern Utica came from Halcon Resources and BP (see Pin Oak Energy Buys 70K Utica Acres in OH & PA + Pipeline Assets). A new article confirms that suspicion. The article, which interviews Pin Oak’s chief business development officer, also says that although the company has recently picked up acreage via big deals, they are NOT actively leasing new acreage in the area. Rather, Pin Oak continues to look for and cutting deals where there are already drilled wells flowing gas…

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