West Virginia Marcellus Shale is getting hot. From an article* in the Steubenville (OH) Herald-Star, we get a mountain of good intelligence on what energy companies have and are paying in the West Virginia panhandle:
AB Resources is paying the New Vrindaban Hare Krishna Community in Marshall County $2,500 per acre for approximately 4,000 acres, and [...]
Chesapeake Appalachia, a subsidiary of Chesapeake Energy, has received clearance from two townships in Washington County, Pennsylvania, to move forward with plans to drill five gas wells. Three of the wells will be drilled in Robinson Township, and two in North Fayette Township. Supervisors in both townships voted unanimously (3-0) to allow drilling to begin. [...]
Syracuse Post-Standard (Feb 21) Plan to truck hydrofracking wastewater to Finger Lakes shelved, for now
Readers of Marcellus Drilling News know that we advocate for landowners, and that we support safe drilling. But, drilling companies sometimes do themselves no favors and deservedly receive suspicion and condemnation. Case in point: Chesapeake Energy, one of the [...]
El Paso Press Release (Feb 16) El Paso Corporation Announces Northeast Upgrade Project
Part of the development required to tap the huge natural gas reserves in the Marcellus includes the infrastructure to get the gas from well to market. El Paso Corporation’s subsidiary Tennessee Gas Pipeline is helping provide the pipeline piece of the [...]
Houston Star-Telegram (Feb 16) Chesapeake reports 19 percent production increase
Chesapeake Energy, one of the largest gas drilling companies in the U.S., recently reported a 19% increase in its natural gas production across all of its shale plays. With respect to the Marcellus, we learn from a Houston Star-Telegram article that:
Chesapeake has a huge [...]
Crain’s New York Business (Nov 1):
The new gold rush
With heavy dollops of anti-drilling sentiment (so the reporter keeps his job), this article is worth a read because of the fountain of good information about economics for landowners in the Marcellus Shale. The theme that runs through it is the story of a truck driver [...]
Albany Times Union (Oct 29):
Gas company backs off drilling
There is an important lesson to be learned today: Anti-drilling groups will not be satisfied until there is zero drilling anywhere. This truth is now on full display for all to see. An article in today’s Albany Times Union trumpets the announcement that Chesapeake Energy, sole [...]
Intelligencer Wheeling News Register (Oct 7):
Drill Vote Delayed
Wheeling, WV city council members have delayed a vote to allow Chesapeake Appalachia (a subsidiary of Chesapeake Energy) to begin drilling on city-owned land. From the article:
Though the Wheeling Park Commission has approved the lease allowing the company to drill on its property at Wheeling and Oglebay [...]
The Fort Worth Business Press reports European companies are making major investments in American shale plays, including the Marcellus. The article reports the following details about Chesapeake Energy’s new partner Norwegian-based StatoilHydro:
Norwegian state-controlled energy company StatoilHydro would pay $3.375 billion for a 32.5-percent stake in [Chesapeake's] 1.8 million net acres of Marcellus Shale assets, according [...]
Wayne County, PA may see the first Chesapeake-drilled well as soon as late March:
Chesapeake Appalachia, a West Virginia subsidiary of the natural gas development giant Chesapeake Energy, filed a permit application last week for permission to drill a natural gas well on a Oregon Township property located near Fox Hill Road, according to state and [...]
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