Carrollton, Malvern, Dellroy: the original Utica boom county, number one in Ohio oil, and the place where 2010 era lease terms matter more than geology.
Carroll County was the epicenter of the original Utica boom in 2011 through 2013, went quiet as operators chased dry gas east, and has come back. It is now first in Ohio for oil at roughly 4.1 million barrels a quarter, about 36 percent of the state total, driven by Encino and now EOG drilling the volatile oil window with modern completions.
But geology is not the main question here. Lease terms are. Carroll holds the oldest Utica leases in the play, signed in 2010 through 2012 before anyone understood the rock, frequently at 12.5 to 15 percent with poor deduction language and no Pugh clause. A great many are held by production from a first generation well while the surrounding acreage is being redeveloped today. Whether that old instrument still holds all your depths and all your acreage turns on the specific habendum, Pugh, and depth clauses, and early Utica lease validity litigation originated in this county.
So we read the lease before we quote a number, and we tell you what we think it holds and what it does not. That analysis is free and it is yours whether or not you sell to us.
EOG Ohio is the dominant operator with roughly 516 active wells, following its Encino acquisition, alongside Infinity Natural Resources. Roughly 608 wells are active out of 4,000 drilled.
And as everywhere in Ohio, if nothing has been recorded in your name in decades, the Dormant Mineral Act and the Marketable Title Act both put your interest at risk. Record a claim to preserve first.
Roughly 4.1 million barrels of oil in a recent quarter, about 36 percent of all Ohio oil and first in the state, plus about 37.2 million Mcf of gas.
Wherever your tract sits in Carroll County, we will research it free and value it with the work shown.
Free, no obligation, and no pressure. We reply within one business day, usually faster.
Prefer the phone? Call or text 918-984-1645 and you will get Stephen, the owner, not a call center. If we miss you, we text back the same day.