Energy company takes different approach to Marcellus, Utica shale

Pin Oak now has 363 wells and 5.7 million cubic feet of production in the Utica and Marcellus in Pennsylvania and Ohio. In August, the company acquired wells and leases, 22 miles of gathering pipeline, all in western Pennsylvania and eastern Ohio, and a five-acre field office in Hermitage, all from an undisclosed seller. In July, it made a deal with EQT Corp. for eight Utica wells and four miles of gathering lines in Ohio.

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