Texas-based EV Energy Partners LP is expecting to drill a well in Ohio’s Tuscarawas County this fall as part of concentrated efforts to tap into Utica shale oil.
Work on the exploratory well will likely begin about Oct. 1, said John B. Walker, the company’s executive chairman, in an earnings call with analysts and the media on Monday.
The company did not disclose the location of the planned well except to say in mid-Tuscarawas County.
That effort will include testing new completion techniques that might enable the company to produce significant quantities of Utica oil, said company president and CEO Mark Houser.
The company’s plans will dovetail with similar efforts from Oklahoma-based Chesapeake Energy Corp. that has drilled a well in southern Tuscarawas County for oil. It has plans to add two to four additional wells in Stark and Tuscarawas counties.
The two companies are working together with French company Total to drill in 10 eastern Ohio counties.
EV Energy Partners, the publicly traded arm of EnerVest Ltd., has about 65,000 leased acres in Stark and Tuscarawas counties.
The company is still interested in selling off many of its Utica wells and pipelines as the value of those assets climb, officials said.
In other news, the EnerVest companies are selling portions of its Eagle Ford shale holdings in Texas to an unnamed buyer for $218 million. That deal is expected to close on Oct. 15.
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.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
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.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.