BOWLING GREEN, Ky., July 30, 2012 /PRNewswire/ -- Today, Encore Energy, Inc., serving as an advisor and leasing agent, announced that the Company now represents approximately 175,000 acres of the Utica Shale primarily located in the "wet gas" and "oil" windows off-set to Anadarko's (APC) production operations in Noble County, APC future drill-sites in Morgan County and other extensive operator lease activity and pilot program(s) in Southeast Ohio.
Encore has formed an alliance with southern Ohio operators, producers, mineral lease owners and the legal counsel, professional landmen, petroleum engineer(s) and consultants of landowner groups in Morgan, Muskingum (southern), Washington, Athens and Meigs Counties, Ohio to compile a significant amount of detailed production, geophysical, geological and engineering data regarding the Utica Shale trend in this area.
"Production data, well pilot program(s), aggressive leasing activity and geoscience for this area suggest that the productive oil and/or liquids trend may potentially be moving to the south remaining close to the "wet gas transition" and at an approximated depth of 6,000' TVD", said Steve Stengell, Encore's President CEO.
Operators may evaluate acreage tracts of varying size and location and acquire lease acreage by township or in selected acreage tract(s).
If you are an operator or represent an operator that is interested in acquiring Utica Shale acreage, please contact Steve Stengell or Joe Turner at (855) 238-1242.
Encore will be attending Summer Nape 2012 in Houston.
Cautionary Statement: This release contains forward-looking statements and certain goals and/or timelines may or may not be achieved by the Company. Through various agreements, the Company serves as a representative and not the owner of the above mineral lease acreage. Information regarding the mineral owners and their agents is private and confidential. There exist tremendous risk and uncertainty associated with oil and natural gas lease acquisition, trend development, exploration and production. No assurances can be made as to the future production rates, reservoir trends, reserves, timelines, etc. for any given lease acreage. It is impossible to accurately forecast oil and/or natural gas production rates, reserves, commodity prices, lease operating expenses, etc. Production estimates may be reported in barrels of oil equivalent.
SOURCE Encore Energy, Inc.