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Krugliak, Wilkins, Griffiths & Dougherty Co., L.P.A. presents
Utica Journal Discoveries - An Electronic Oil and Gas Newsletter
With offices located in the heart of the Utica Shale play in
Canton, Akron, Alliance, Massillon, New Philadelphia & Sugarcreek, Ohio
KWGD – Gregory W. Watts, Esq.
In Gerrity v. Chervenak, Slip Opinion No. 2020-Ohio-6705, the Ohio Supreme Court addressed the reach of the notice requirements the Dormant Mineral Act (“DMA”) imposes as prerequisites to deeming a severed mineral interest abandoned and vested in the owner of the surface of the land subject to the severed mineral interest.
KWGD – Matthew W. Onest, Esq.
The Ohio Supreme Court finally answered a question which had been making its way through the Ohio Court System — does the Ohio Marketable Title Act apply to severed mineral interests? Well, the Ohio Supreme Court answered in the affirmative.
Natural Gas Intelligence
Lower 48 oil and natural gas permitting during November plunged by nearly one-third month/month, with activity in the Permian Basin and Haynesville Shale sharply down, according to Evercore ISI. However, the Utica Shale saw its gas permit count inch up 4% month/month to 28.
Natural Gas Intelligence
Notable increases in both oil and natural gas drilling sent the U.S. rig count surging 15 units higher to 338 during the week ending Friday (Dec. 11), according to figures from oilfield services provider Baker Hughes Co.
News Break
Ascent Resources LLC retained EnergyNet for the sale of multiple packages in the core of the Utica Shale with one of the play’s top operators in Ohio through a sealed-bid offering closing Dec. 17. The first package comprises nonoperated working interest in 68 wells plus PUDs and leasehold acreage in Jefferson, Harrison, Carroll and Guernsey counties, Ohio. The remaining package includes royalty and overriding royalty interest (ORRI) in Harrison and Jefferson counties, Ohio.
Natural Gas Intelligence
Bankrupt Gulfport Energy Corp. has accused Cheniere Energy Inc.’s Midship Pipeline subsidiary of illegally seizing $75.6 million to hold it “hostage” during contract renegotiations in anticipation of the Chapter 11 filing, according to court filings.
