One Company Isn't Impressed with the Utica

One Company Isn’t Impressed with the Utica

Thursday, March 6, 2014 by Shale Gas Reporter

Apparently not every company is impressed with Ohio’s Utica shale.

According to Columbus Business First, Halcon Resources Corp., a Houston-based driller, isn’t planning on drilling any more wells in the Utica in 2014. The company currently holds 11 horizontal well permits with three wells producing in Trumbull County and one producing in Mahoning County.

The company owns some 139,000 acres in the Utica.

Halcon is waiting on results from the currently producing wells.

Marcellus & Utica Shale Well Map

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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.

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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.