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):
A for-profit company that pools acreage from both landowners that want to lease their land, and from energy companies with leases who want to re-sell those leases, is trying to get the attention of Anadarko and other drillers in the Ohio Utica Shale. Encore Energy issued a press release yesterday announcing they have land available for lease. They specifically tap Anadarko on the shoulder to tell them they have 1,300 Utica Shale acres “just 3 miles” from land they’re already drilling on in Washington County, OH.
Encore is shopping more than 18,000 acres across a number of Ohio counties, including Morgan, Washington, Noble, Guernsey, Monroe, Athens and Meigs. Here’s their “hey Anadarko, pay attention” press release:
In July MDN told you about Encore Energy, a horizontal well operator formed last year and headquartered in Bowling Green, Kentucky, that’s acting as a leasing agent for a large tract of Utica Shale acreage. At the time they advertised they “have access to” 175,000 acres in Ohio (see Encore Energy Shopping 175K Utica Shale Acres in OH). That number has grown. Encore is advertising they have now have access and rights to lease a quarter of a million acres in the Ohio Utica.
Wanting to remind drillers they’re still around and have land deals to lease, they issued another press release on Wednesday:
Encore Energy, a drilling company formed just last year and headquartered in Bowling Green, Kentucky, is acting as a leasing agent and shopping 175,000 Utica Shale acres in Ohio to larger drillers, trying to catch their interest in drilling for wet gas and oil.
Encore issued the following press release yesterday: