Replies to This Discussion

Permalink Reply by elliemae82 on January 29, 2014 at 11:12am

Anyone have any updates on Enervests plans with the leaseholds they held on to?

Permalink Reply by theo and vincent on January 29, 2014 at 3:03pm

However...its just announced...Hess decided to divest itself of Ohio's Utica play...they are heading back home...but with hefty profit on its sale of east Ohio gas play......all sold to Aubrey McClendon's new upstart

Permalink Reply by TM on January 29, 2014 at 3:10pm

Hess is not heading home or out of the play. They still are drilling Consol Energy joint venture acreage wells in the wet gas window. They are spending $550 million in 2014 to drill utica wells.

Permalink Reply by Ryan N Nyardy on January 30, 2014 at 1:35am

That is correct... I believe they still own a percentage of some 80,000+ acres in the Utica, partnered with Consol Energy in their drilling efforts. Much of what they sold was in the "dry gas" areas, and their purpose for doing so is simple: Narrow their concentration to oil/wet gas production.