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Tuesday, April 15, 2014

EnerVest is Upping Its Efforts to Extract Oil From Utica Shale

From the Akron Beacon Journal:
A Texas-based company is expanding a new initiative to get oil from Ohio’s Utica shale. 
The EnerVest Ltd. companies have won approval from the Ohio Department of Natural Resources to drill two wells near Uhrichsville in southern Tuscarawas County. 
Those two wells, both in Clay Township, are part of a growing effort to tap what’s called volatile oil from the Utica shale, the company confirmed in an email. 
No additional details were disclosed by spokesman Ron Whitmire. 
The two permits were approved recently by ODNR’s Division of Oil and Gas Resources Management. 
EV Energy Partners, a publicly traded company that is part of privately held EnerVest Ltd., has stated since last May that it intends to drill eight to 10 wells in 2014 in Stark and Tuscarawas counties.
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