deal for drilling in Ohio
March 28, 2012
giant BP plc has stepped into Ohio’s shale play for the first time,
agreement to lease about 84,000 acres of land in northeast Ohio.
represents BP’s first exploration and production position in the
formation, spokesman Daren Beaudo said. The London-based oil and gas
not commenting on the cost of the leases, but the Vindicator has pegged
Trumbull County land deal at $331 million, based on a $3,900-an-acre
signed an agreement with the Associated Landowners of the Ohio Valley,
represents the northeast Ohio landowners who approved the accord
according to a press release.
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