A group of more than 400 Carroll County property owners has signed a lease agreement with a Pennsylvania oil company, earning $40 million in bonus money in the deal.
The group, called S.U.R.E. (Standing United Really Excel), signed the agreement June 1 with Rex Energy of State College, Pa.
The members — living in Washington, Augusta, Harrison, Center and Union townships in the central part of the county —…
Paul geiger's Blog (5)
$4000-5000 is here
ExxonMobil Corporation (XOM - Analyst Report) is all set to exploit Ohio’s Utica Shale, supposedly one of the biggest sources of crude oil in the United States. The company has made its entry into the oil-rich fields of Utica Shale by acquiring leases in…
ContinueAdded by paul geiger on September 24, 2011 at 10:01am — 2 Comments
UTICA PLAY
Hess and Consol team up for Utica
US independent Hess has staked a claim in the simmering Utica Shale play in Ohio after a $593 million joint venture with coal and gas giant Consol Energy, announced on Wednesday.
ContinueAdded by paul geiger on September 8, 2011 at 8:00am — No Comments
Marcellus earning
All of the major, publicly-traded companies drilling into the Marcellus Shale have reported their second-quarter earnings. Thanks to SeekingAlpha, transcripts from those calls are publicly available and easily searchable.
Here are some of the major takeaways in the reports:
Exco Resources:
- Spudded seven new operated wells and drilled and completed 6 gross (2.7 net) operated wells during the second quarter 2011 in the Marcellus shale. The IP [initial production]…
Added by paul geiger on September 3, 2011 at 7:21am — 1 Comment
Money can do wonderfull things
Please read the last sentence
Added by paul geiger on August 30, 2011 at 12:30am — No Comments
$ 5750 With out the oil
Found this OTE: Group signed lease with Chesapeake, terms: $5,750/acre and 20% royalty (see website for details)
Area covered: Wyoming County PA
Membership: 45,000+ acres
Added by paul geiger on August 19, 2011 at 1:35pm — 5 Comments
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pig dung replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PApig dung replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
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