FOCUS: UNCONVENTIONAL OIL & GAS — Some E&P companies changing plans for Utica shale prospects

10/01/2012
Chesapeake Energy Corp. and most other companies having stakes in Ohio's Utica shale say they remain optimistic about the emerging play's potential, but one company, EnerVest Ltd., has said it wants to sell some of its Utica holdings. Meanwhile Devon Energy Corp. executives recently said they intend to move to the east of Devon's initial leasehold. Yet another company, PDC Energy Inc., dropped efforts to find a joint-venture partner to help PDC develop its Utica holdings. Although it received various joint ownership proposals, none were high enough to meet PDC's value expectations, executives announced in September. Separately, Chesapeake Chief Executive Officer Aubrey McClendon recently ...
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