Magnum Hunter in the Utica Magnum is among a handful of major Utica operators, commanding just over 61,000 net acres in the play. In February, the company acquired roughly 15,500 gross leasehold ...

It identifies a 10.8-million acre core area for drilling in the Utica shale, the newspaper reports. That area stretches from Ashtabula County to Guernsey County, the newspaper reports.

EOG Resources said on Friday it would acquire U.S. oil and gas firm Encino Acquisition Partners for $5.6 billion, including debt, to bolster its Utica shale position.

Appalachia is known for natural gas production, mainly from the Marcellus shale - the largest US natural gas basin. It also includes the Utica shale which offers an emerging oil opportunity.

EOG has been drilling in the Utica shale for months now, and it just reported that the play can “compete with the best plays in America.”. Oil production in the Utica has been on the rise in 2023.

The acquisition will elevate EOG's Utica position to 1.1 million net acres, with undeveloped net resources of more than two billion barrels of oil equivalent per day (bboe/d).

EOG Resources unveiled Utica Shale Combo Play and suggests it has similar potential to many of its prospects in Permian. Find out why EOG stock is a Strong Buy.

French oil major Total <TOTF.PA> has agreed to sell its 25 percent stake in Cardinal Gas Services, a gas transport company operating in Ohio's Utica shale gas basin, to a group of Korean ...

Next month, the shale formation drilled mostly in eastern Ohio should produce 1.667 billion cubic feet of gas per day, up from the 1.581 billion for November, the U.S. Energy Information ...