Archive for March 11th, 2011

How Much is that Marcellus Shale Well Drilled on Your Property Actually Worth?

Good question, and one that Brandon Otis, a CPA and valuations specialist with Alpern Rosenthal, an accounting advisory firm, addressed at a recent meeting in Pittsburgh. Otis has done research on 384 Marcellus wells in Susquehanna County, PA and has come up with a list of criteria for determining value. Among the criteria he uses:

Anti-Drilling Groups Planning Federal Lawsuit to Try and Stop Drilling in Western PA

Those who oppose drilling in Pennsylvania are changing tactics and are now turning to the court system to try and stop drilling:

Chesapeake and Statoil to Drill 17K Horizontal Marcellus Gas Wells, Statoil Does Deal with MarkWest for Gas Processing

Chesapeake Energy and Statoil ASA are making a major commitment to drilling in the Marcellus Shale over the next two decades:

Colleges in Pennsylvania and West Virginia Launch New Programs to Train Workers for Marcellus Shale Jobs

Another Pennsylvania University is now offering training for those who want a job working in the Marcellus Shale, this time in Western PA.

 

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