New Philadelphia, Dover, Uhrichsville: frontier Utica oil development on top of thousands of old Clinton wells, and the county where a stale valuation is most likely to be wrong.
Tuscarawas County is frontier Utica development, and that changes how it should be valued. Roughly 504,900 barrels of oil came out of the county in a recent quarter against only about 3.5 million Mcf of gas, from only about 22 producing horizontal wells. That is very strong per well, it puts Tuscarawas sixth in Ohio for oil on a tiny base, and it means the county is re-rating.
Of everywhere we buy in Ohio, this is the county where a valuation from a year or two ago is most likely to be wrong in your favor. If someone quoted you a number on Tuscarawas minerals before the current wells came in, get it looked at again.
Underneath sits a very large Clinton sandstone legacy: roughly 6,200 wells drilled, 1,600 permits on file. That old population is why shallow versus deep rights language dominates title work here. Many old shallow leases were never formally released, so a Utica operator frequently has to deal with a stale Clinton lease of record, and whether that instrument still holds anything is a real question rather than a formality.
Substantial coal mining in the Tuscarawas Valley adds coal severances to the chains as well.
EOG Ohio operates essentially all the horizontal production, with Infinity Natural Resources holding acreage.
And Ohio's Dormant Mineral Act and Marketable Title Act apply here as everywhere. If nothing has been recorded in your name in decades, record a claim to preserve before you consider selling. Send us a deed and we will tell you where you stand.
On the western edge of the play. Roughly 504,900 barrels of oil against only about 3.5 million Mcf of gas in a recent quarter, sixth in Ohio oil from only about 22 producing horizontal wells.
A very large shallow legacy population across the county, which is why shallow versus deep rights language dominates title here.
Wherever your tract sits in Tuscarawas County, we will research it free and value it with the work shown.
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