SHALE by Crain's Cleveland Business

102 ways NEO is benefitting from tapping into utica Shale

SHALE magazine

Uncracking Ohio’s SHALE

UTICA

NEO’s Shale Hot Spot

page 20

page 30

page 26

Where has the money been spent so far? page 10

Lead Advertiser

www.SHALEmagazine.com

page 18

December 2012

CONtents

December 2012

VoLume 1 Issue one

SHALE MAgazine 4 FROM THE EDITOR 6 Contributors 8 Show me the money - feature story 12 Next up- repeating feature story 14 State of things - charts/graphics 16 MAP: THE UTICA

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Departments:

18 Steel- supply-side story 22 Life on lease - profile Ohio Landowner 24 careful Counsel- Leagal/finance advice 26 Rig Count - number of rigs operating in state 28 Permits list - permits in the last 3 months 30 Report Card - How the industry is Performing 36 Real Deals- Biggest & important Real Estate 40 Newbie - profile Ohioan in Shale Product of:

In Partnership with:

2 www.SHALEmagazine.com

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From the editor

ALL HAIL SHALE Min vullan henim zzrit praesto consequam ilit, quismod min hent nibh esting eraestrud miniat. Em zzrillandre et, vel utat. Em zzrit illut lut vero od modipit alit wis nim accum nit velis nulputatue ercil in hent veliquamet prat. Ud tat. Cum quissit augait dolobore dolor sim et lan ut lor sustisim illa con utpatis cidunt utpat, sed dolore magna commy nos eu faci exero odigna conum nos dunt prat. Ut wis dolut ullutate con vulputet ulluptat. Ut lutate dolore doloreet lore magna feugiatis aliquatet essendi amcortio od tate consed eu faciliquate et praessed te et lore molore consed magniat. Ut nim adit vercipit, consenit dunt luptati onsequis ad magna facilluptat alis nisi. Ugueraessim vel ullam quiscilla ad tisciduip ex essi et atue el inim dolore min ver si blaorer sumsand ignisl ullandre dit nit praestrud tet lutat, suscing ex eros ad magnim dolorer ip er sustionse te endio core faci esecte modolum in velit iriurer atuero odit laorem il dunt ipis aut wis atuer se velenibh ea aciduis alit velendi psuscilit vel ipisse dipisl dolut la facilla feuguerit non utem iureet dolor alisit ad ea feuis ea facing erci bla am zzrit non ero odolore molum qui blaoreet diamcom modolor susto od tem ing ea commodigna feum in vendipi smodolum ver ilis nis autpat wisim do dunt ut nullum vendiam quam zzrit atie ent dolenit at la ad tio commy nonsecte do odit pratio dolenim dolummy nim niam velisis el dit diat, vendigna amcommy nullam ad te tat, consent velisissed tet irillaor incipit et, vel utet at. Duismod magna accum ip essi blamcore duisl dolendit, commy nonsectem. Raestrud molupta tumsand igniamcommy nonsectet alis augueratue core feugiam iure do enim inciduisisi. Ugueraessim vel ullam quiscilla ad tisciduip ex essi et atue el inim dolore min ver si blaorer sumsand ignisl ullandre dit nit praestrud tet lutat, suscing ex eros ad magnim dolorer ip er sustionse te endio core faci esecte modolum in velit iriurer atuero odit laorem il dunt ipis aut wis atuer se velenibh ea aciduis alit velendi psuscilit vel ipisse dipisl dolut la facilla feuguerit non utem iureet dolor alisit ad ea feuis ea facing erci bla am zzrit non ero odolore molum qui blaoreet diamcom modolor susto od tem ing ea commodigna feum in vendipi smodolum ver ilis nis autpat wisim do dunt ut nullum vendiam quam zzrit atie ent dolenit at la ad tio commy nonsecte do odit pratio dolenim dolummy nim niam velisis el dit diat, vendigna amcommy nullam ad te tat, consent velisissed tet irillaor incipit et, vel utet at. Duismod magna accum ip essi blamcore duisl dolendit, commy nonsectem quat. Raestrud molupta tumsand igniamcommy nonsectet alis augueratue core feugiam iure do enim inciduisisi.

SHALE magazine

www.SHALEmagazine.com 700 West St. Clair Ave. Suite 310 Cleveland, OH 44113 (216)522-1383 • (877)824-9373

PUBLISHER Brian Tucker EDITOR Dan Shingler

AD SALES MANAGER Nicole Mastrangelo

MARKETING DIRECTOR Lori Yannucci Grim ART DIRECTOR Lauren Rafferty

DIGITAL STRATEGY & DEVELOPMENT MANAGER Stephen Herron CONTRIBUTING WRITERS xxxx xxxx xxxx xxxx

CONTRIBUTING PHOTOGRAPHERS xxxx xxxx

SENIOR ACCOUNT EXECUTIVE Adam Mandell (amandell@crain.com)

ACCOUNT EXECUTIVES Dawn Donegan (ddonegan@crain.com) Andy Hollander (ahollander@crain.com) Lindsey Nordloh (lnordloh@crain.com)

AUDIENCE DEVELOPMENT MANAGER Erin Miller (emiller@crain.com)

SUBSCRIPTIONS To start receiving Crain’s Shale Magazine, please purchase a subscription to

Crain’s Cleveland

Business for one year at $64 or two years at $110. For subscribers outside Ohio, one year is $110 or two years is

$195. Call the Crain’s Cleveland Business

Customer Service team at 1-877-824-9373 or email

Dan Shingler, Editor Crain’s Cleveland Business dshingler@crain.com 216-771-5290

them at customerservice@crainscleveland.com.

You may also purchase a subscription online at www.crainscleveland.com/shale

REPRINTS AND PERMISSION Reprints: Call 1-800-290-5460 ext. 125

CONNECT TO CRAIN’S Facebook Twitter 4 www.SHALEmagazine.com

HORIZONTAL UTICA-POINT PLEASANT WELL ACTIVITY IN OHIO LAKE

ERIE

CHK

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CRZO

24430 24428

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24206

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24219

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21059

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24184 24183

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Recommended citation:

contributors

6 www.SHALEmagazine.com

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1. Name, title

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MOCK 1/2 PAGE VERTICAL AD FPO

24 www.SHALEmagazine.com

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MOCK 1/2 PAGE VERTICAL AD FPO

Display Ad Sample Sizes

magazine

Full page ad : (.375” white boarder) 7.75” W x 10”H Full page with bleed: 9”W x 11.5”H

1/4 page ad: 3.75” w x 5” H

SHALE

1/4 page ad: 3.75” w x 5” H

Double Truck : (.375” white boarder) 16.25” W x 10”H Full page with bleed: 17.5”W x 11.5”H

Half page ad (vertical): 3.75”W x 10”H

Dimension

Half page spread (horizontal): 16.25”W x 5”H

Half page ad (horizontal): 7.75”W x 5”H

Size

3.75”W x 5” H

1/4 Page

7.75”W x 5”H

1/2 Page (horizontal)

3.75”W x 10”H

1/2 Page (vertical)

7.75”W x 10” H 9”W x 11.5”H

16.25”W x 10”H

Gross Rate $2,300 $3,900

Full Page non-bleed Full Page

$5,500

bleed 2-page spread non-bleed

17.5”W x 11.5”H

2-page spread

16.25”W x 5”H

horizontal spread

$8,800

bleed Half page

$6,500

For advertising information, contact Nicole Mastrangelo at 216-771-5158 or nmastrangelo@crain.com