Seems the Utica could be valuable asset, 2900 wells, 75k acres in Ohio. Companies have paid up to $15k per acre for positions. Companies touted as having concentrated positions, enterprise value/acre, the lowest companies are in the low $20k range, ATLS value is around $7k for the spun off resources partners MLP.
ATLS sold the deep rights in Ohio to Chevron. No Utica unless they buy anew. ATLS is targeting some Clinton formation oil wells in the next partnership units. The 70,000 acres does have useful right of ways that ATLS might be able to leverage. Also the Utica wells need significant acreage to profitably drill a horizontal well and ATLS would know which key acreage Chevron would need fill in the deep rights.