British Petroleum recently announced a huge $330 million investment in Trumbull County, buying up 84,000 acres of land from the Associated Landowners of the Ohio Valley to be leased for oil and gas drilling.
On Monday, company leaders were in town to introduce themselves to elected officials on the state and local levels, saying it is excited about what the Utica and Point Pleasant Shale can offer in northeast Ohio.
"We're very excited about Trumbull County and what potential it may have, but it's really early and until we drill some wells, and take some sub-surface data, it's really unclear what the potential will be," said Bruce Abbuhl, BP Ohio program manager.
BP representatives are in town to start signing close to 2,000 leases starting Tuesday. In the meantime, they scheduled a meet and greet at Squaw Creek Country Club in Vienna to get to know some of the local and state leaders, and address any questions or concerns they might have.
"And we'll be very interested to hear what they have to say as far as safety precautions, and certainly how they are going to make sure that those that are leasing their mineral rights are appropriately compensated as well," said State Sen. Capri Cafaro, D-Liberty.
On Monday, company leaders were in town to introduce themselves to elected officials on the state and local levels, saying it is excited about what the Utica and Point Pleasant Shale can offer in northeast Ohio.
"We're very excited about Trumbull County and what potential it may have, but it's really early and until we drill some wells, and take some sub-surface data, it's really unclear what the potential will be," said Bruce Abbuhl, BP Ohio program manager.
BP representatives are in town to start signing close to 2,000 leases starting Tuesday. In the meantime, they scheduled a meet and greet at Squaw Creek Country Club in Vienna to get to know some of the local and state leaders, and address any questions or concerns they might have.
"And we'll be very interested to hear what they have to say as far as safety precautions, and certainly how they are going to make sure that those that are leasing their mineral rights are appropriately compensated as well," said State Sen. Capri Cafaro, D-Liberty.
WYTV
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