Sierra Resources
Sierra Resources
Sierra Buckeye Denham Capital

Utica Shale - Eastern Ohio

Background

  • As a result of its involvement in Indiana, in 2010 Sierra became aware of the Utica Shale opportunity in Eastern Ohio
  • In 2010, Sierra partnered with Denham Capital who provided a commitment to acquire leases and develop the play
  • Sierra analyzed 100+ wells from the Ohio Geologic Survey and based on the results, began a very aggressive leasing program
  • After a series of sales and swaps, Sierra aggregated a core position of 60,000 acres
  • Sierra monetized 11,000 acres
  • Sierra currently holds 36,300 acres in the play
Utica Map