Devon Energy buys leases in Ashland and Wayne County

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Mohican River Energy Holdings LLC has retained Meagher Energy Advisors to sell certain Utica shale leasehold in Ohio.

The package includes 100% working interest (80% net revenue interest) in 2,714 gross and net acres in Ashland and Wayne counties, with 1,293 acres covering all depths and approximately 62% of the acreage held by production. The assets are within the oil and wet ga-producing windows of the Utica and are surrounded by major Utica players, including Devon Energy Corp. and Chesapeake Energy Corp. to the west and north of the Mohican

 

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1w1vl8clda7t4Permalink Reply by 1w1vl8clda7t4 on May 2, 2012 at 11:55pm
And where does it say that Devon purchased leases?
Permalink Reply by Finnbear on May 3, 2012 at 4:34am

Exactly. I read that the Mohican holdings are surrounded by Devon and CHK holdings. The post does not say that Mohican has sold anything yet, only that they have retained Meagher to sell a package of Ashland/Wayne acres.

The post also fails to cite the source that J.Smith copied & pasted this from.

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