Sierra Partners

As a result of its involvement in Indiana, in 2010 Sierra became aware of the Utica Shale opportunity in Eastern Ohio
In 2010, Sierra partnered with Denham Capital who provided a commitment to acquire leases and develop the play
Sierra analyzed 100+ wells from the Ohio Geologic Survey and based on the results, began a very aggressive leasing program
After a series of sales and swaps, Sierra aggregated a core position of 60,000 acres
Sierra monetized 11,000 acres
Sierra currently holds 25,000 acres in the play

Utica Shale