Our camp has almost always had a lease on it for gas/oil of some sort. We used this for a little extra income. Most of these were in the $5 acre range. We just looked at it as if nothing would happen.
Then a lease expired and suddenly the terms got more favorable for us. Not great but better. this was a $20 acre year 1 then $5 for the remaining 4 years.
Then the boom hit midway or sooner. We got a one time option for $300 or so acre. Which is where we are…
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Added by Theodore Koncsol on October 26, 2009 at 1:40pm —
4 Comments
A
quick video intro to the significance of developing the
Marcellus shale play featureing Penn State's indefatigable Dr. Terry Engelder who "talks turkey" about what policy makers should be taking away.
Added by Tom Copley on October 15, 2009 at 3:00pm —
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Tom, In your opinion, we have an offer in se allegheny county of 1000 and 17%. Assuming the lease language is favorable, is this a competitive offer. Thanks, Scott
Added by scott m on October 13, 2009 at 12:59pm —
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From Hart's Press Release.
"Houston, TX (October 5, 2009) – Due to the overwhelming response, Hart Energy Publishing announces the inaugural Developing Unconventional Gas (DUG) East Conference in Pittsburgh, Pennsylvania, on Monday, October 19, 2009, is relocating from Westin Hotel to the adjacent David L. Lawrence Convention Center, 1000 Fort Duquesne Boulevard, in downtown. The Westin and the convention center are located across the street from each other and are connected…
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Added by Keith Mauck (Site Publisher) on October 6, 2009 at 12:30pm —
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I've had visits from East Resources and Little Pine, any comments on either????
Added by Robin Maines on October 5, 2009 at 8:34am —
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Looking for your valued opinions, do you think the above will bring out more players and bring up the lease and royality rates along with it. I am in SW Pa. Thanks to all. Scott
Added by scott m on October 1, 2009 at 12:14pm —
2 Comments
Aubrey McClendon, CEO of
Chesapeake Energy, and John Pinkerton, CEO of
Range Resources have both called for demystifying the
chemicals used in…
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Added by Tom Copley on September 24, 2009 at 9:31pm —
6 Comments
Added by Keith Mauck (Site Publisher) on September 23, 2009 at 9:41am —
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A quick question on viable gas companies operating in the above area. Ever since I put together a land group of about 800 acres, I have been asked to concider being involved on a much larger scale of perhaps several thousand in the same area of Elizabeth and Forward Twps. Chesapeake has shown much interest and are fine company. Atlas and Range to date are not players. With this much acreage and still very much in this marcellus formation, I welcome any thoughts or suggestions. Thanks to all,…
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Added by scott m on September 22, 2009 at 12:12pm —
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Bill Powers has an
article
Highlights.
"The two most important factors in the production profile of a play are its decline curve and its reserve life."
"I believe we are about to experience a big mismatch between US reserves and gas deliverability due in large part to long-lived shale gas reserves."
"Given that an increasing percentage of US reserves…
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Added by Keith Mauck (Site Publisher) on September 22, 2009 at 10:02am —
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Here's a great
op-ed from Representative Glenn Thompson on developing the Marcellus
Added by Rita McConnell on September 21, 2009 at 11:11am —
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Upload your links here and share them with site members.
Added by Keith Mauck (Site Publisher) on September 15, 2009 at 3:15pm —
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Has anyone done any research into the financial well-being of the Co.'s that are going to work The Marcellus Play?
Added by christian on September 9, 2009 at 1:50pm —
3 Comments
Gov. Ed Rendell said more time is needed to see how the industry develops in Pennsylvania.
[In other words, lets wait until we lure them here and then we'll really fleece them]
An economic impact study by Penn State researchers said curtailment of drilling activity that would result from the imposition of a proposed severance tax would generate $1.4 billion less state and local total tax revenue between now and 2020 than if the industry is allowed to grow without the…
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Added by Keith Mauck (Site Publisher) on September 3, 2009 at 9:55pm —
5 Comments
Drilling and Fracturing
Both vertical and horizontal wells are used in shale gas drilling and completion; however, horizontal wells are the increasing trend due to both environmental concerns and economic efficiency (DOE, 2009). Horizontal drilling allows more exposure within the formation to optimize capture of natural gas as well as reducing the environmental footprint of drilling activity (DOE, 2009). The United States Department of Energy’s recently released document on shale gas…
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Added by Keith Mauck (Site Publisher) on September 1, 2009 at 10:44am —
1 Comment
Does anyone have info on the results of the drilling in This well ? (8-26) The rig has been pulled after
sampling w/ a core I presume. Also any info on the state of negotiations w/ the Rail Trail for a new
pipe line. The Redling well is approximately 2,000 ft from the trail.
Added by Girdon E. Buck on August 31, 2009 at 3:47pm —
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The
Barnett shale formation lies directly underneath Ft. Worth, Texas, a metro area of some 1.6 million. Urban drilling has become commonplace in the suburban areas there and even in downtown Ft. Worth. Any open field can be a potential drilling site for a gas well.
Range Resources is one of the companies that is leasing…
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Added by Tom Copley on August 26, 2009 at 10:20pm —
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We are getting "local" as we continue to organize and grow this website. We have begun the process of narrowing our discussions down to the county level with the creation of
county groups within GoMarcellusShale.com.
The county groups will allow us to share relevant information to our locales; such as leasing activity. These groups need you. The value of each group really depends on our willingness to share what we…
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Added by Keith Mauck (Site Publisher) on August 18, 2009 at 12:00pm —
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Cabot Oil and Gas has recently started using
fit-for-purpose rigs. These have been optimized for pad drilling. They have a smaller footprint than conventional rigs and minimize damage to environmentally sensitive surface areas, and, all the while, get world-class drilling results. One of Cabot's Susquehana Co. wells just produced 1/2 Bcf of natural gas in its first 60 days. For the latest…
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Added by Tom Copley on August 12, 2009 at 1:58pm —
4 Comments
Should the land owner in a 640 acre horizontal site that has multiple landowners involved, receive additional compensation if the well is placed on his property. We are in discussions with Chesapeak. Thanks for your thoughts. Scott
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Added by scott m on August 11, 2009 at 7:41am —
9 Comments