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Lario Oil & Gas Company Announces Intent to Develop Utica Shale in Eastern Ohio

Confident in the future of the Utica Shale play, Kansas based Lario Oil & Gas Company has acquired an interest in 25,000 acres situated in the oil-rich northern portion of the Utica/Point Pleasant Formation in eastern Ohio with an un-named industry partner.  The announcement comes on the heels of Lario’s recent drilling success in North Dakota and Colorado.  In a statement released via its website, Lario detailed that it intends to drill a scientific well in the second quarter of 2013, with horizontal wells to drilled later.