Ohio Court of Appeals: Point Pleasant Formation is Separate from Utica Shale in Oil and Gas Lease Depth Severance
On January 18, 2023, the Seventh Appellate District Court of Appeals upheld a trial court ruling that language in certain 2013 and 2014 oil and gas leases limiting the leased formations to the “formations commonly known as the Marcellus Shale and the Utica Shale,” did not include the Point Pleasant formation (Terra, L.L.C. v. Rice…