SWEPI Auctioning 189K PA/NY Conventional Acres, 1,500 Active Wells

SWEPI, formerly known as Shell Western E&P Inc., is the North American land-based drilling arm of giant Royal Dutch Shell. SWEPI has an active drilling program in the Marcellus/Utica region. Some of that active program has traditionally been in shallow, or conventional (not shale) drilling. Using a broker, SWEPI has put up a mammoth 189,000 acres of its conventional/shallow leases and wells for sale by auction. The leases and some 1,500 active oil and gas wells are located in Forest, Elk, McKean, and Warren counties in Pennsylvania, and Cattaraugus County in New York. The sale includes shallow rights (not shale rights) only. SWEPI claims there are another 10,000 potential well locations. Here’s the details…

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