BARNESVILLE -- Boone Ellis, general manager of Turner Oil and Gas Properties, introduced Chris Triml, land manager of Colorado-based Antero Resources, at the Wednesday, April 10 Barnesville Area Chamber of Commerce meeting held at Barnesville High School.
Triml, after complimenting the culinary arts department students on the delicious lunch, spoke about the company’s leasing activities in the area. He said Turner, Antero’s leasing agent, had 150 employees working out of Caldwell.
Antero, formed in 2002, has 170 employees in Denver and is one of the largest privately owned oil and gas companies in the United States. The district office is located in Mount Clare, West Virginia. Triml said the company has produced 500 million cubic feet of oil and gas. He said 25 percent of the company’s drilling budget is being spent in Ohio. The company has acquired 400,00 acres, 90,000 of which are in Ohio.
Triml said Turner recently completed a three-month lease signing process in Barnesville with the help of village officials. A total of 1,060 acres, roughly 80 percent of village property owners, were signed at a rate of $5,700 per acre. He said those who have signed leases will receive bonus payments within 60 days.
On Tuesday, the company leased 63.25 acres of Barnesville Exempted Village School District-owned property for $5,700 per acre and 20 percent royalties. At the meeting Triml presented Superintendent Randy Lucas with a donation of $37,500. He also presented Barnesville Hospital CEO David Phillips with a check for the same amount. The hospital signed a lease with Antero in March.
Triml said the company “achieved a lot in a short period of time” because of the level of cooperation they received from the community.
Lucas thanked Antero, not only for the donation, but for providing guest speakers and other educational opportunities, including a possible scholarship.
Triml said drilling will not begin until pipelines are in place. He estimated it would take up to two years to resolve what he called, “infrastructure issues”. He said the company would have 20 wells in the Utica deposit by the end of the year. He said eight have been drilled and three have been completed.
“Geologically speaking, Belmont County is a great source,” Triml said. “We have invested between 12 and 14 million dollars in drilling and we want to begin drilling and producing as soon as possible.”
Answering a question by Clay Bethel, Triml said the company saw Ohio Department of Natural Resources oversight as a positive thing, and recently leased 6,800 acres in the Muskingum Watershed.
Ellis made a donation of $3,500, donated by Turner employees, to the culinary arts program for their trip to New York City in May 2-6, 2013.