Yesterday we brought you the latest update on EOG Resources' oil drilling program in the Utica Shale (see Black Gold: EOG Resources Drills Gushers in Ohio Utica). Today we have details about two more companies and their Utica oil drilling programs: Ascent Resources and Encino Energy. Last summer, we told you that Encino, which picked
The deal is done. On Monday, Encino Acquisition Partners completed its purchase of all of Chesapeake Energy's Ohio Utica Shale assets for $2 billion, originally announced in July (see Stop Press: Chesapeake Sells ALL of its Ohio Utica Assets for $2B). The deal includes all of Chesapeake's 933,000 Ohio acres (with 320,000 net Utica acres)