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Clues to the Utica/Point Pleasant

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Kent A. Bowker and Jackie D. Reed
September 7, 2012

The Utica/Point Pleasant shale play in eastern Ohio has attracted the attention of both large and small E&Ps in the past year. Sierra Resources LLC, a Denham Capital-backed E&P headquartered in Houston, through its subsidiary, Sierra Buckeye LLC, acquired approximately 75,000 acres in the Utica/Point Pleasant shale play over the past two years. Sierra targeted its lease position based on geological and geochemical analyses of more than 100 wells. Because it was an early mover in the play, Sierra was successful in acquiring acreage it believed to be the most ...

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