Utica Shale

Operations Overview

The Utica covers hydrocarbon-bearing rock formations located in the Appalachian Basin of the United States and Canada. We have approximately 193,000 net reservoir acres located primarily in Belmont, Harrison, Jefferson and Monroe Counties in eastern Ohio where the Utica ranges in thickness from 600 to over 750 feet. During 2023, we produced approximately 784 MMcfe per day net to our interests in this area and it accounts for approximately 74% of our total production.

The Marcellus covers hydrocarbon bearing rock formations that overlay the Utica. We have identified approximately 17,000 net reservoir acres of our existing leasehold for Marcellus development and have 15 PUD Marcellus locations within our Utica operating area. In 2023 we drilled, completed, and turned to sales two Marcellus wells. Our Marcellus development area is approximately 3,500 to 4,500 feet shallower than the Utica.