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Ohio Utica Shale

Chesapeake wants to sell off 94,000 acres in Portage, Stark counties

By Bob Downing Published: April 10, 2013

Chesapeake Energy Corp. is trying to sell off its leased land covering 94,000 acres in Portage and Stark counties.

That includes three Utica shale wells, two of which are are producing.

The land was listed for the first time on Tuesday in a listing from Colorado-based Meagher Energy Advisors.

The Oklahoma-based energy giant had previously listed Ohio land for possible sale.

Non-core land could be sold to help reduce the company's overall debt, it said.

Its core area covers 10 counties including Carroll, Columbiana and Harrison in eastern Ohio.

Chesapeake has leased about 1.3 million acres in eastern Ohio.

It has drilled 240 wells, to date, in eastern Ohio, although only 54 are in full production.

Chesapeake says it expects to quadruple its production in Ohio’s Utica shale by the end of the year.

The company’s 54 Ohio wells in production are producing about 75 million cubic feet equivalent of natural gas per day, and that volume is projected to double by Dec. 31 with additional pipelines and new processing plants, said interim CEO Steve Dixon.

That volume will likely double again with the completion of additional wells in 2013, he said in a recent teleconference.

The company is targeting production of 330 million cubic feet equivalent per day or 55,000 barrels of oil equivalents per day by the end of the year, he said.

Such measures combined natural gas plus liquids including oil, ethane, butane and propane.

Chesapeake says it is projecting recovering 5 billion to 10 billion cubic feet of natural gas equivalent per well in the Utica shale over the lifetime of the wells.

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Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

Shale Sheet Fracking, a Youngstown Vindicator blog.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.

Concerned Citizens of Medina County, a grass-roots group.

No Frack Ohio, a Columbus-based grass-roots group.

Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.