Titan Energy, which used to be known as Atlas Energy/Resource Partners, is today listing what appears to be the rest of the acreage they still own on the Appalachian basin–some 494,229 acres–including rights for drilling in the Marcellus/Utica. An astonishing 100% of the acreage is HBP, or held by production–meaning there are working or drilled wells. Not all of it is shale-related. We suspect a good portion of the acreage is conventional (vertical only). However, there is a significant number of acres where Marcellus/Utica drilling can be done that the sale should pique the interest of competitors. The acreage is being offered in seven states: New York, Pennsylvania, West Virginia, Ohio, Indiana, Kentucky and Tennessee. In addition to rights in the Marcellus/Utica, rights are also available in the Upper Devonian, New Albany and Chattanooga shale plays. Here is the low down on the acreage sale, along with a reminder of who Titan (nee Atlas) is, and why this is an important sale…
Titan Energy, which used to be known as Atlas Energy/Resource Partners, is today listing what appears to be the rest of the acreage they still own on the Appalachian basin–some 494,229 acres–including rights for drilling in the Marcellus/Utica. An astonishing 100% of the acreage is HBP, or held by production–meaning there are working or drilled wells. Not all of it is shale-related. We suspect a good portion of the acreage is conventional (vertical only). However, there is a significant number of acres where Marcellus/Utica drilling can be done that the sale should pique the interest of competitors. The acreage is being offered in seven states: New York, Pennsylvania, West Virginia, Ohio, Indiana, Kentucky and Tennessee. In addition to rights in the Marcellus/Utica, rights are also available in the Upper Devonian, New Albany and Chattanooga shale plays. Here is the low down on the acreage sale, along with a reminder of who Titan (nee Atlas) is, and why this is an important sale…