Longwall coal mining

Has the Century coal mine stopped or slowed down drilling in Belmont and Monroe counties? 

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Permalink Reply by evan on September 2, 2014 at 10:42am

Not positive Philip but I think so.  My nephew works for Murray which he owns Century I believe.  I know one of the mines are still doing it and I'm pretty sure they both are ,, sorry if that's confusing  but  my guess is that yes Century still is mining like that . 

Permalink Reply by Den on September 2, 2014 at 1:20pm

I believe I read they had an agreement now.  Gulfport has started drilling in that area.  Someone today made a post about all the rigs popping up in that area.

http://www.shaleplaypa.com/page/content.detail/id/500147/UMWA--Murr...

here it is:  it says "Gulfport has signed a new agreement with Ohio-based Murray Energy Co. to lease about 8,000 acres in Belmont and Monroe counties. That project will enable Murray’s coal-mining operations and Gulfport’s well-drilling operations to co-exist in a first in the Utica shale."

http://www.ohio.com/news/gulfport-energy-takes-hit-after-company-do...

Permalink Reply by Philip Brutz on September 2, 2014 at 2:42pm

Thanks Den, I missed that one.  Does anyone know what the "agreement" is?

Permalink Reply by Finnbear on September 3, 2014 at 2:08am

I suspect the "agreement" is that GPOR paid Murray a metric $#!+ton of money to lease their acreage and in return Murray would play nice when GPOR wants to drill.

Let me guess here, 8000 acres times what, $5000/acre to be conservative, equals what, $40 million dollars?

The entire energy industry is about, you guessed it...MONEY.

Permalink Reply by Philip Brutz on September 3, 2014 at 3:16am

Murray might be hedging his bet.  As most old electric plants are switching to natural gas.

Permalink Reply by Chris on September 3, 2014 at 3:19am

I know its something like Gulfport drills one Murray gross well a year, and Murray works with them on location.  The Irons and Perkins, I believe are both Murray Gross Wells.

Permalink Reply by Finnbear on September 3, 2014 at 5:32am

Murray Gross Well???

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