An update from Greg Hill, President, Worldwide Exploration and Production with Hess Corporation, about their activities in the Marcellus (from a recent earnings call): “We’re continuing to build our position in the Marcellus. We’re at about 80,000 net acres now in the Marcellus, primarily in Wayne County, Pennsylvania. About 50,000 of that is Hess operated [...]
The Delaware River Basin Commission (DRBC) continues to obstruct drilling in the Marcellus Shale in Pennsylvania. The latest energy company to experience frustrations in dealing with the DRBC is Hess, which holds leases to 126,000 acres in Wayne County, PA: “It’s a big issue,” said Gene Linscomb, a Hess Corp. business manager based in Honesdale. [...]
Drilling is coming to Wayne County, Pennsylvania this summer according to officials with Newfield Exploration. They are waiting for approvals from regulators to begin drilling up to 10 exploration wells. If those wells show promising results, they will likely be turned into full production wells. A Houston-based natural gas production company is laying the groundwork [...]
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 [...]
Binghamton Press & Sun-Bulletin (Oct 16): DEC hearings to allow public comment on natural gas regulations In an article about the upcoming hearings being held by the New York DEC about draft drilling regulations, we have this tidbit of interest to landowners negotiating with drilling companies: Others are eager for the state to complete its [...]
Elmira Star-Gazette (Oct 17): Slow down in gas drilling activity allows chance for consideration A generally anti-drilling “article” by the business writer for the Elimra Star-Gazette. But he includes some helpful and interesting information for landowners: I’m also watching how Fortuna and Hess are slugging it out for leasing rights in the counties to our [...]
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