Thursday, October 23rd, 2014
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Friday, 27 June 2014 09:26

Energy company celebrates well pad in Belmont County

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Rice Energy holds ceremonial "valve turning" at its first Ohio well site

BELMONT COUNTY, Ohio -- A Pennsylvania-based energy company celebrated its first well pad in Ohio yesterday with a ceremony at the Belmont County site.

County officials and local land owners stood alongside representatives from Rice Energy for the ceremonial "valve turning" at the so-called Big Foot well pad. Rice Energy Co-Founder Toby Rice said that the well pad "was built in just over three weeks" and would provide "a great platform to build off of in the future."

Commissioner Matt Coffland said "we feel that we did a very good job for the residents in Belmont County" in securing lucrative lease agreements on county land.

Rice Energy has spent more than $7 million in leasing agreements with the county just this year. To date, the company has secured close to 3,000 lease contracts within the county.

The Big Foot well pad is expected to produce more than 40 million cubic feet of natural gas each day - more than any other well in the Utica Shale, so far.

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