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Ohio Utica Shale

Encore Energy seeking to sell Ohio leases to drillers, especially Anadarko

By Bob Downing Published: February 14, 2013

From the Marcellus Drilling News:

A for-profit company that pools acreage from both landowners that want to lease their land, and from energy companies with leases who want to re-sell those leases, is trying to get the attention of Anadarko and other drillers in the Ohio Utica Shale. Encore Energy issued a press release yesterday announcing they have land available for lease. They specifically tap Anadarko on the shoulder to tell them they have 1,300 Utica Shale acres “just 3 miles” from land they’re already drilling on in Washington County, OH.

Encore is shopping more than 18,000 acres across a number of Ohio counties, including Morgan, Washington, Noble, Guernsey, Monroe, Athens and Meigs. Here’s their “hey Anadarko, pay attention” press release:

 

Today, Encore Energy, Inc. provided the following report for recent lease acquisition transactions made and services available in the Utica Shale of Eastern Ohio.

Serving as an advisor to and representative of producers and industry mineral owners and their acreage in the Utica Shale, otherwise known as the “producers’ consortium”, Encore has recently closed on the sale of certain acreage tracts located in the oil / wet gas window across three townships of Eastern Morgan and Northern Washington Counties. The majority of this acreage is HBP (held by production) and off-set to Anadarko’s Noble County and planned drilling operations for another operator in Waterford Township – Washington County. One particular 1,300-acre contiguous tract is located just about 3 miles from Anadarko’s production and surrounded by Anadarko’s lease acreage.

“As an experienced horizontal well operator, Encore’s team has the proven track record and industry relationships necessary to provide a “win win” result for Utica operators and mineral owners alike”, said Steve Stengell, Encore’s President CEO.

“We are proud to work directly with some of the most successful Utica Operators”, Stengell added.

Encore’s available acreage includes a featured property of 18,000 +/- contiguous acres for lease (primarily HBP), or JV development, in Washington, Athens and Meigs Counties located off-set to “Utica vertical well pilot program(s)” that report TOC (total organic content) estimates of 2 to 3 times higher than original ODNR reports and comparative to that of proven areas to the north. Encore also has extensive well data to support reservoir characteristics that are almost identical to that of Noble and Guernsey counties as the Utica trend moves to the south.

Encore’s inventory includes proven acreage for lease in 10 different townships of Noble, Morgan, Guernsey and Monroe counties. The company has entered into landowner agreements and is compensated by the mineral owners only upon the successful close of the property.

Encore’s management are experts of all facets of horizontal drilling operations, lease acquisition, due diligence/title review, landowner relations and contract negotiation.

For the long-term, Encore is working with industry investors to develop prospects and operate its own lease properties in the Utica Shale.

If you would like to find out more about Encore’s services or available Utica properties for lease, please contact Steve Stengell or Joe Turner at (855) 238-1242, or e-mail us directly at info@encore-energy.com*

*Encore Energy, Inc. (Feb 13, 2013) – Encore Energy, Inc. Assist E & P Companies in Leasing Proven Acreage of the Utica Shale

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