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Monday, July 21, 2014

BP Gets Approval to Plug Trumbull County Well

From the Akron Beacon Journal:
BP America has won approval from the Ohio Department of Natural Resources to plug one of its producing wells in Trumbull County. 
The company won approval on July 10 to plug its Jewett IH well in Johnston Township, said ODNR spokesman Mark Bruce. 
Last April, the company said it was abandoning its efforts in the Utica shale and putting its 105,000 leased acres up for sale. 
That was due to poor results in its Trumbull County wells in the northern section of the Utica shale. 
The company announced that it was taking a $521 million write-off for the Ohio Utica shale.
Read the original article here.

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