Airey Quoted in Akron Beacon Journal Story Titled “Unitization: Ohio's Little-Known Rules Being Used More Often by Drillers”
Jonathan Airey, a partner in the Vorys Columbus office and member of the energy subgroup, was quoted in an Akron Beacon Journal story about the use of unitization in Ohio.
The story states:
“Chesapeake told the state that its ultimate recovery from the Rufener Unit could be as much as 3.4 billion cubic feet of natural gas, plus 4.5 million barrels of oil and 500,000 barrels of natural gas liquids (ethane, butane and propane), worth as much as $71 million.
That’s enough natural gas to heat more than 25,000 homes for a year, according to industry estimates.
Without unitization, the production would be ‘substantially less,’ said Columbus attorney W. Jonathan Airey, who filed Chesapeake’s request.
Rejection would require shorter laterals and cut production perhaps 75 percent, the company argued.”
To read the entire story, visit the Akron Beacon Journal website.