New Contender in the Utica

Monday, April 22, 2013 by Will Flannigan

According to the Oil & Gas Journal, Magnum Hunter Resources Corp., a Houston-based oil and gas production company, drilled a vertical pilot hole for the company’s first Utica shale well in Ohio.

The well is in Washington County, 30 miles south of Cambridge.

This comes at a time when other drillers, like Chesapeake Energy Corp., are slowing down drilling and in some cases placing acreage up for sale.

» Via: The Oil & Gas Journal› Ohio: Magnum Hunter spuds horizontal Utica shale well

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Shale FAQ

What are mineral rights?

Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.

Will I get free natural gas if I allow fracking on my property?

Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.

View Entire FAQ

About Shale Gas Reporter

Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914. Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.