Southwestern Energy Offers $5/Acre for Seismic Testing in WV

In 2014, Southwestern Energy cut a massive deal to buy 413,000 Marcellus/Utica acres from Chesapeake Energy, most of it in northern West Virginia, for $5.375 billion (see Chesapeake Sells Close to 25% of Marcellus/Utica Operation). Southwestern has done some drilling on that acreage since, but all the signs are now visible that the company intends to really ramp up their WV drilling program. In August, Southwestern nailed down some missing acreage in the Wheeling area by leasing 66 acres from the Wheeling Park School District for $231,000 (see Wheeling Park HS Signs Lease with Southwestern for $3500/Acre). Just last week we reported that midstream giant Williams has cut a deal with Southwestern to provide gathering and processing for over 200,000 acres in Marshall and Wetzel counties (see Williams Launches Major WV Expansion to Serve Southwestern Energy). And now, further evidence: A contractor working for Southwestern plans to begin seismic testing covering 260 square miles–stretching from Donegal (Westmoreland County), PA through northern WV all the way to Shadyside (Belmont County), OH–next year. The contractor, in speaking with members of the Bethlehem Village Council (Wheeling, WV area), said Southwestern is offering the “standard” price of $5 per acre for seismic testing…

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