EnerVest explores Clinton Sandstone in Ohio
Thursday, March 24, 2016
Texas-based EnerVest Operating LLC is pleased with its horizontal oil well production in the Clinton Sandstone. The company has seven small, experimental wells in Stark, Carroll and Tuscarawas counties, Akron Beacon Journal reports.
The company’s horizontal wells are producing more than vertical-only wells, but the horizontal wells cost much more at $1.8 million each. However, EnerVest expects $7 million to $10 million in revenue from each well.
The Clinton Sandstone is a shallow rock formation that spans 25 Ohio counties and has been drilled for 100 years. According to the source, the formation is seen as another opportunity for Ohio’s shale drillers, as Utica shale drilling is expensive.
Read more: Akron Beacon Journal > EnerVest happy with Clinton sandstone horizontal wells in Ohio
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
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.