NEOS GeoSolutions, a company that measures and analyzes what’s under the ground to help energy companies figure out “what’s down there” announced yesterday they have completed a new geological and geophysical study of the Marcellus and Utica Shale plays in and around Venango County, PA. NEOS delivered the findings to the unnamed party or parties that paid for the project (the “underwriters”). According to NEOS, the rest of us (euphemistically called non-underwriters) will get to see the study results on March 15, 2013.
Landowners in Venango County: Between now and March 15, if someone turns up on your doorstep eagerly wanting to sign you to a lease, take a deep breath and ask to see a copy of the survey results before you sign anything. Information is power, and the information in these kinds of studies can give those who possess it an advantage.
