Encino Plans to Continue Expanding in OH Utica

Earlier this month Encino Acquisition Partners (i.e. Encino Energy) completed its purchase of all of Chesapeake Energy’s Ohio Utica Shale assets for $2 billion, originally announced in July (see Stop Press: Chesapeake Sells ALL of its Ohio Utica Assets for $2B). The deal includes all of Chesapeake’s 933,000 Ohio acres–with 320,000 net Utica acres–and 920 operated and non-operated Ohio Utica wells. With the deal now done, Encino is signaling good things are ahead. Encino President and CEO Hardy Murchison recently spoke with S&P Global Platts about the company’s plans for the future. You’ll be interested to know that Encino is already evaluating more acreage they want to buy in the Ohio Utica, to further expand their already-massive new operation.

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