BP Leases 84,000 Acres In Ohio
U.K. oil giant BP Plc (NYSE:BP) intends to reap the benefits of an impending northeast Ohio oil and gas boom in the Utica/Point Pleasant shale formation, with an estimated recoverable potential of approximately 5.5 billion barrels of oil. As part of this effort, BP has inked a deal with the Associated Landowners of the Ohio [...]
U.K. oil giant BP Plc (NYSE:BP) intends to reap the benefits of an impending northeast Ohio oil and gas boom in the Utica/Point Pleasant shale formation, with an estimated recoverable potential of approximately 5.5 billion barrels of oil.
As part of this effort, BP has inked a deal with the Associated Landowners of the Ohio Valley (ALOV) – a body representing individual mineral owners in the region – to lease around 84,000 acres in Trumbull County, Ohio, a high potential formation in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards