Drilling Down
Gulfport Lands Permits for Harrison County Wells
Friday, November 30, 2012YOUNGSTOWN, Ohio – Oklahoma City-based Gulfport Energy Inc., which has drilled the most productive oil and gas wells in the Utica shale to date (READ STORY), has received two new permits to drill in Harrison County.
Gulfport was awarded two horizontal drill permits for oil and gas exploration on the Lyon property in Washington Township on Nov. 23, according to records from the Ohio Department of Natural Resources.
Halcon Pledges to Work with Lordstown Landowners
Friday, November 30, 2012LORDSTOWN, Ohio – Houston-based Halcon Resources Corp. says it has acquired an undisclosed amount of leased acres in the Lordstown area and is pledging to spend "hundreds of millions" of dollars to develop oil and gas exploration in the Utica shale.
In a statement issued Thursday, Halcon acknowledged it acquired the leases from an unidentified operator "that did not have the desire or ability to develop the deeper formations," but had the right to transfer the interests because gas and oil production was under way from shallower wells it owned.
Gulfport Strikes it Even Bigger with Belmont Well
Thursday, November 29, 2012YOUNGSTOWN, Ohio – Gulfport Energy Corp. has struck gold once again with its second shale gas well on the Shugert property in Belmont County.
The company, based in Oklahoma City, announced Tuesday that its Shugert 1-12H well tested at an average of 28.5 million cubic feet of natural gas, 300 barrels of oil, and 2,907 barrels of natural gas liquids per day. When combined, the peak production rate amounts to 7,482 barrels of oil equivalent per day, by far the best performing well in the Utica shale and all of Ohio.
Utica Shale Potential Awaits Gas Processing Plants
Wednesday, November 28, 2012HANOVER TOWNSHIP, Ohio -- Just six months ago, the corner of state Route 644 and Hagan Road in Hanover Township was the picture of rural serenity, commanded by a large, grassy hill that overlooks six or seven ranch houses.
Today, a freshly constructed aggregate road punctuates the green topography and slopes upward to a leveled plateau.
There, heavy boom cranes, earthmovers, trucks and assorted equipment are at work daily, preparing the land for what is the largest single investment in Columbiana County in decades.