Archive for May 26th, 2011

Windsor, NY Landowners Receive $2,750 per Acre and 18 Percent Royalties in Lease Deal with Inflection Energy

Earlier this year, a group of 40 Town of Windsor (NY) landowners with a cumulative 3,000 acres signed a gas lease agreement with Denver-based Inflection Energy to allow Marcellus Shale drilling when New York’s moratorium is eventually lifted. The landowners expected their signing bonus checks by March 3rd, but that didn’t happen due to delays […]

WV Natural Gas Industry Already Employs 35K People with Average Salaries of $60K

The Independent Oil and Gas Association of West Virginia has just kicked off a new advertising campaign to educate the public to the benefits of natural gas drilling in the state.

Exxon Mobil, Chevron Face Shareholder Questions about Environmental Impact of Hydraulic Fracturing at Annual Meetings

Two of the worlds largest energy companies have made major investments in shale gas. Exxon Mobil made a $35 billion investment when it bought XTO in 2010. Exxon’s goal is to double U.S. natural gas output in the next ten years. Chevron has concentrated its investment specifically in the Marcellus Shale with the $3 billion […]

 

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