Pin Oak Energy Partners LLC, Akron, Ohio, has acquired 70,000 net acres and midstream properties in the northern Utica-Point Pleasant gas play of Ohio and Pennsylvania from multiple sellers.
The acquired lease interests, 90% held by production, are in Mahoning, Trumbull, and Guernsey counties, Ohio, and Mercer County, Pa. Associated pipeline rights-of-way are included.
Midstream properties include gas processing facilities and taps into interstate pipelines.
Pin Oak also acquired 33 vertical conventional wells producing from Cambro-Ordovician Knox Group formations at depths averaging 8,500 ft with offset and deeper potential.