Oil and Gas Permit Interest Resumes in Columbiana County
YOUNGSTOWN, Ohio – EAP Ohio LLC, a division of Encino Acquisition Partners, Houston, has submitted permit applications to drill four new horizontal wells in Washington Township in Columbiana County, according to data from the Ohio Department of Natural Resources.
According to ODNR, the company plans to drill four new horizontal wells at its Sevek-18 pad. The permit applications are pending before the agency.
Meanwhile, Houston-based Hilcorp Energy Co. was awarded a permit to drill deeper and build out a horizontal leg at its 10H well at the Tarka pad in Fairfield Township in Columbiana County, according to ODNR.
Since January, ODNR has awarded 14 permits to the two oil and gas companies, which target the natural-gas rich Utica-Point Pleasant shale formation.
So far this year, EAP has been awarded two permits to drill wells in Washington Township, while Hilcorp has been awarded 12 permits for new horizontal wells in Fairfield Township, according to ODNR.
Natural gas production across the Utica-Point Pleasant and the Marcellus shale formation in Appalachia is expected to be lower in June compared to May, according to the U.S. Energy Information Administration’s latest drilling productivity report.
According to EIA, natural gas production across Appalachia is projected to decline in June by 52 million cubic feet per day. Oil production, however, is expected to increase by 1,000 barrels per day, EIA reported.
Copyright 2022 The Business Journal, Youngstown, Ohio.