There's a new player in Ohio's Utica shale.
Colorado-based Lario Oil and Gas has acquired 25,000 net acres and intends to drill a scientific well in the second quarter of 2013.
Horizontal wells will be drilled later.
The company said its acreage is based in the oil-rich northern part of the Utica shale and it has some land in Trumbull County.
Here is the company's statement:
We have built a solid interest in 25,000 Net Acres in the northern oil rich portion of the Utica/Point Pleasant with our industry partner. We’re focusing on drilling a science well Q2 ’13 with horizontal wells to follow.
Confident in the viability of the Utica Shale play, Lario Oil & Gas Company has moved aggressively in establishing an acreage position in select counties of Eastern Ohio. Landowners in this region have an important choice to whom they lease their oil & gas rights and Lario, with almost a century of experience, makes a great partner. From our early days in Kansas to our most recent successes in North Dakota and Colorado, Lario has the know-how needed to access the mineral wealth below while honoring and respecting the lifestyle and needs of the people who occupy the surface above. It is important to Lario that landowners be confident of our commitment to protecting our natural resources as well as the health and wellbeing of our lessors and their neighbors while helping the region realize the remarkable economic benefits of Utica Shale development.
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.