Pin Oak Energy Pins Hope on Northern Utica

March 2, 2018

Where others have experienced nothing short of a bust, an Akron oil and gas company envisions nothing but opportunity.

Pin Oak Energy Partners LLC is jockeying for position in the northern tier of the Utica shale, especially in Trumbull County and parts of Mahoning County in Ohio, and Mercer County in Pennsylvania. In February, the company announced it has acquired more than 70,000 leasehold acres in the southern and northern Utica and a collection of active wells.

"We're not buying acreage," says Mark Van Tyne, Pin Oak chief business development officer. "We are buying cash-flowing assets. We've acquired assets that others didn't feel were producing."

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