In the mid to late 2000s, the Utica Shale deposits were detected in many parts of Ohio. Soon after the discovery, drilling and production of natural gas and crude oil began in much of the eastern part of the state.
According to current estimates from the United States Geological Survey, the Utica Shale contains about “38 trillion cubic feet of natural gas, 940 million barrels of oil and 208 million barrels of natural gas liquids.”
As a landowner in the Utica Shale deposit region of Eastern Ohio, your land is incredibly valuable. The deposits in this area are considered to be the richest among all of the states located within the shale area.
Oil companies, fracking entities and many other enterprises are very much eager to work with you to retract the deposits and reap the rewards.
However, they are interested in protecting only their interests — not yours.
Before speaking with anyone, it is extremely important to get a legal representative who is on your side, one who knows the laws and can make sure to protect your rights and entitlements.
Our team at Baker, Dublikar, Beck, Wiley & Mathews can help.
We have extensive experience helping individuals in your same situation with all matters pertaining to Utica Shale oil and gas contracts, leases, royalty payments and other legal issues.
Our attorneys have over 300 years of combined experience handling litigation and other matters for those located in Stark County and across the state of Ohio.
We know the law and procedures involved with this complicated process. Our lawyers are here to offer advocacy during the negotiation process against large oil companies that have enormous influence and resources.
We offer no-obligation consults. Let us provide you with the information you need to protect your rights before you move forward with any transaction pertaining to your land.
Call 330-499-6000 today.