Shell Renews Option for Land in Pennsylvania

"The land in Beaver County is owned by Horsehead Holding Corp. ZINC -0.61% , a metal-processing company based in Pittsburgh. A Horsehead spokesman earlier said Shell's option on the land, which had been due to expire in early January, had been renewed but that terms were confidential.

Ms. Windon said in an email that the company was continuing to evaluate the site and hadn't made any decision on whether to proceed with the project. "The demolition work is being initiated to begin preparation of the site for potential construction," she said. That work is due to begin early in 2014."

Article in the WSJ today:

http://online.wsj.com/news/articles/SB10001424052702303799404579282...

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Replies to This Discussion

Permalink Reply by Trapper on May 1, 2014 at 2:45am
About two-thirds of that value within the Marcellus and the Groundbirch, both gas asset, one in Canada, one in the U.S., what we said before was the liquids asset that the remaining liquids asset by and large they look okay, and obviously still to be proven when we develop.

WHEN not if we develop! Sounds encouraging to me....what is your take on this?
Permalink Reply by Gary on May 9, 2014 at 11:11am

I went by the site 2 times in the last week..today there were 7 crains sitting in the waiting area and in the beginning of the week there were about 30 cars in the lot by the Midway bar. Now that the plant is closed I think things will start happening ..report any activity u see.

Permalink Reply by Jerome M Rosenberger on May 21, 2014 at 9:31am

The Power House at Horsehead Ind. { ST JOE} is almost torn down. That was as today Wed 5-21-14 around noon. By Thursday only the stack should be standing!!

Permalink Reply by Gary on May 21, 2014 at 1:24pm

Please keep us informed as to the demolition progress ...Thx

Permalink Reply by Jerome M Rosenberger on May 24, 2014 at 6:00am

The old poor house buildings, guardhouses. Bolierhouse only stacks up,as of Friday afternoon. Starting demo  on buildings. east of 376. Train tracks removed in certain areas.

Moving right along.

Permalink Reply by Todd on June 9, 2014 at 12:41pm
Permalink Reply by Trapper on July 13, 2014 at 6:29am
What's the latest?
Permalink Reply by craig on July 13, 2014 at 6:47am

I can't report anything new. I drove by the area today, it appears things are abit quieter however there is still equipment there with the piles of material cleaned up pretty good. 

Permalink Reply by Trapper on July 13, 2014 at 7:02am
Thanks Craig. I don't get down that way very often.

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