Encino Energy Utica Update: 900K+ Acres, Drilling Under Tappan Lake
Yesterday morning Harrison County, OH, commissioners got a face-to-face update from Encino Energy’s director of external affairs, Jackie Stewart. You may recall that Encino bought out and took over all of Chesapeake Energy’s existing Ohio assets–both shale and non-shale–in November 2018 for $2 billion (see Encino Takes Over from Chesapeake in Ohio Utica; Big Plans). Among the comments made, Stewart told commissioners, “Our wells are running so much more efficiently than they ever have in the past.” She also told them about work being done to drill a well under Tappan Lake in the Muskingum Watershed Conservancy District.
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New shale permits issued for Feb. 5-12 in the Marcellus/Utica increased nicely last week. There were 40 new permits issued in total last week, including 25 new permits for Pennsylvania, 11 new permits for Ohio, and four permits issued in West Virginia. The week before, there were only 26 new permits issued. Last week the top receiver of new permits was Seneca Resources, with six new permits for Tioga County, PA. Coterra Energy received five permits for Susquehanna County, PA. In Ohio, Encino Energy and Ascent Resources both received four new permits–in Carroll and Harrison counties, respectively.