Just curious...

     I am in Liberty township and a few months ago got an offer to buy my royalties for 1500 to 1800 per acre, but they would do a more in-depth look if I was serious which "mite change the numbers" slightly....even tho I am not drilled or receiving any royalties ..talked to a landsman rite b4 I contacted them and he advised caution as there will be "significant" activity in my area in the "near future"....how about it, anybody else get an offer or hear anything or see any activity here in Tioga Co. ?

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Thanks for your input Paleface. We need as input as possible about what is going in the gas and oil industry.

Granddad Ladd

Sure, your welcome.

The natural gas industry always has had the potential to be their own worst enemy. Unfortunate that at least some of the money being spent touting an additional gas pipeline(s) to Boston hasn't instead been spent supporting the the safe, reliable operation of its existing member companies.

"Pipe Pressure Eyed in Gas Blasts
... Preliminary indications were that too much natural gas was pumped into a five-mile section of pipe owned by Columbia Gas, causing the combustible fuel to leak into homes in Lawrence, Andover and North Andover.

On Friday, Mr. Baker (Massachusetts Governor) ordered Eversource Energy to take over the effort of restoring utility service to the area, after he and other officials expressed frustration with Columbia Gas’s response to the incident. ...

Columbia Gas, a unit of utility NiSource Inc., had been doing maintenance work in the area. NiSource shares plunged more than 11% on Friday as investors worried about government fines and lawsuits. ...

If NiSource is found liable, it could face substantial fines. Consolidated Edison Inc. paid a $153 million fine after a yearlong investigation into a gas-pipeline explosion in New York in 2014. PG&E Corp. faced $1.6 billion in civil and criminal fines for a 2010 pipeline explosion in the San Francisco suburbs. ..."

https://www.wsj.com/articles/officials-probe-fires-explosions-that-...

If the industry wants minimal regulation, it first should demonstrate the ability and willingness to effectively self-police.

Thank you Ann. And I agree with you. They need to get on the ball to ferret out possible problems before a serious disaster takes place.

Granddad Ladd

Exactly so Old Timer. Any relationship would come from the fact that producers might be bottled up slightly until the distribution,  what ever the problem might be, (deteriorating from age of pipelines to users or miscalculating pressure within these lines or simply someone accidently opening the wrong valve.

Example, some years ago an electrical transformer was replaced.  When it was brought on line one of the workers had somehow made a serious connection.  The voltage to distribution and  users was increased several hundred times normal.  Much damage was done to TV sets, refrigerators, freezers and other appliances.  Our own home damage was fortunately contained to a few light bulbs burning out.  A neighbor's freezer was burned out too I believe.  I presume that other electrical components were damaged too.

As a bit of personal worries....Lu Ann has a brother and a couple of sisters and their families riding out hurricane Florence right now. Their homes are right in the middle of Florence's wrath.  Hopefully they are not damaged  badly!

Granddad Ladd

Extraction, gathering, transmission, distribution, etc. are links in the same chain.  Milk does not go to market on cattle cars. 

For a while, the affected residents will be worse off than if they'd had no natural gas service. Thier electricity has been shout off (too) because of the risk of sparking another explosion.

BTW, I just was contacted by a solar farm developer. I'm thinking they haven't looked at a topi map of my property.

Old Timer : This was intended to be a reply to your comment, but the "Reply" control doesn't work.

If we humans were rational about "the odds", no one would play the lottery. Na

"Boston Gas Explosions Highlight Stalled Pipeline Safety Push

The series of deadly explosions and fires that tore through suburban Boston on Thursday has thrown a spotlight on proposed upgrades to safety standards for natural-gas pipelines, something that has languished amid opposition from utilities. ...

Federal filings show NiSource, which owns seven local gas distribution companies from Ohio to Virginia, has joined the broader pipeline industry in opposing rules on when certain pipelines need to be inspected, frequency of corrosion monitoring, and reporting leaks. ..."

https://www.bloomberg.com/news/articles/2018-09-14/boston-gas-explo...

Irtncidence rates of what "continue to decline"? From the Bloomberg article: "Pipeline-Related Deaths - Last year was the worst for U.S. fatalities since 2010".

Portraying the fossil fuel industry as a beleaguered victim just doesn't fly.

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