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According to the CEO of Evep there is no oil in western Pennsylvania Utica. This is the location of the CRZO joint venture.Refer to recent presentation.
EVEP is in OHIO Utica (EOM)
The press release also said Ohio land, but did not say how much in each state.It also said they were after the liquids, not the gas (probably because gas is so cheap right now.)I merely wanted to show how much disparity there is in land valuations, not just in Utica but everywhere else, and people should not hang their hat on that metric alone.