BP Leaving Ohio Due to Disapointing Well Results

YOUNGSTOWN, Ohio — Less-than-impressive results from test wells drilled in Trumbull County has caused BP America to abandon its interests in the Utica shale, two years after the energy giant spent more than $300 million to secure leaseholds in this section of the play.

“Following on from the decision to create a separate BP business around its lower 48 [states] onshore oil and gas activities, and as a consequence of its appraisal results, BP has decided not to proceed with development plans in the Utica shale,” the company said this morning in a statement released as part of its first quarter earnings report.

No additional information was provided.

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