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Drilling Heats Up with New Permits in Ohio’s Utica Shale

Although new drilling activity is lessening in the Marcellus, it’s red hot in the Utica Shale. The Ohio Department of Natural Resources (ODNR) just issued another permit to Chesapeake to drill a horizontal well in Columbiana County, Chesapeake’s 18th permit in Columbiana. In Mahoning County, ODNR granted a permit for a new well in Goshen Township, making it seven wells for that township so far. Chesapeake holds 49 permits in Carroll County with 10 wells waiting to be fracked.

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Columbiana County, OH Renegotiates Lease with Chesapeake Energy After Oil Discovery

sign leaseNews of Chesapeake Energy’s major oil discovery in eastern Ohio’s Utica Shale prompted officials in Columbiana County to renegotiate their about-to-be-signed lease with Chesapeake. It was a smart move for the county—netting them an additional $255K:

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Chesapeake Energy Slated to Start Drilling in the Utica Shale in Columbiana County, OH this Fall

Last week, Chesapeake Energy announced (via it’s quarterly earnings statement) a major revelation—that it has struck oil as well as natural gas liquids and natural gas, in the Utica Shale of eastern Ohio. Columbiana County, OH is in the hot zone and stands to reap millions in revenue.

In the run-up to the announcement, Chesapeake has been busy signing deals with landowners in Columbiana County, including leases with local municipalities and school districts:

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Chesapeake Files Application to Drill First Well in Columbiana County (Ohio) Targeting the Utica Shale

The first application for a drilling permit has been received in Columbiana County, Ohio, and it’s an application to drill in the Utica Shale with the hope of someday striking oil. This is likely the first of many applications to come, according to Ohio officials.

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