Replies to This Discussion

Permalink Reply by BuckinghamGasMan on October 6, 2011 at 3:10am

From a personal point of view, I would not buy land in Pleasant Mount for gas speculation. I thjink it is too far south and too far west. It is close to the "Lackawanna Synclinorum" where mountain building changed the Bituminous Coal in Scranton into Anthracite. It also may have toasted the gas out of the Marcellus for some distance east of the line. The geological formation appears to run north and south on the Wayne County western boundary line.

Permalink Reply by Hooch on October 6, 2011 at 4:53am

Thank you for the insight...

I have heard stories similar to what you just wrote.  Guess I'll just have to settle for the lease money and not dream of the royalties!  LOL

Wish my 40 acres were in Ohio right now.

Permalink Reply by nick on October 10, 2011 at 2:51am

If the geology is not favorable why is there a big fight to drill there? Why wouldn't Hess/Newfield folks pack up and go away like Encana did in Luzerne Co? Their test wells must have shown something worth sticking around for. Where is the north/south line in Wayne Co for better prospects?

Thanks again BGM

Permalink Reply by brian kulp on October 19, 2011 at 2:34am

they need to start drilling first any news about that yet?

Permalink Reply by nick on October 19, 2011 at 11:15am

The DRBC has to make a decision here one way or another on drilling(or not) in the basin. They are supposed to announce their decision in early November.