Utica Driller Encino Pivots to Focus on Drilling for Oil in Ohio

It's been about 3½ years since Encino Energy in partnership with the Canada Pension Plan Investment Board closed on buying Chesapeake Energy's Ohio Utica assets for $2 billion (see Encino Takes Over from Chesapeake in Ohio Utica; Big Plans). A few months after the purchase, Encino management boasted they would run a better drilling program in Ohio than did Chesapeake (see Encino Says They’ll Do it Better in the Utica than Chesapeake Did). By all accounts, Encino has lived up to its big boast. Encino is now the second-largest natural gas producer and largest oil producer in Ohio. What are the plans for the company moving forward?

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