Marcellus Drilling News

Landowner News & Resources – Drilling for Natural Gas in the Marcellus Shale

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Archive for 'Potter County'

Penn Virginia Corporation Acquires 10,000 Marcellus Shale Acres in PA for $19.5M

Penn Virginia Corporation (“PVA”) announced it has acquired approximately 10,000 net Marcellus Shale acres primarily in Potter, Somerset and Tioga Counties, Pennsylvania in two transactions for approximately $19.5 million in cash and overriding royalty interests on a portion of the acquired acreage. The first acquisition was from a private oil and gas firm who was [...]

Ultra Petroleum Expands Marcellus Leases to 486,000 Acres and 110 Active Wells in 2010

Ultra Petroleum News Release (Feb 12) Ultra Petroleum Reports Strong Financial and Operating Results and Record Production for 2009 A portion of the release relating to its operations in the Marcellus in PA is extracted below: During 2009, Ultra drilled 37 gross (22.5 net) wells in Pennsylvania. The company’s first production in the Marcellus program [...]

Pennsylvania Offers 32,000 Acres of State Land for Drilling Leases

Wellsboro Gazette (Nov 18): Marcellus Shale, climate change, money, politics and the environment Pennsylvania is offering state-owned land for lease to energy companies interested in drilling in the Marcellus Shale. According to the article: Monday, the secretary of the Department of Conservation and Natural Resources (DCNR), John Quigley, announced that six tracts of land are [...]

St. Mary Completes First Two Wells in McKean County, PA

St. Mary Land & Exploration (Nov 2): St. Mary Provides Operational Update; Updates Performance Guidances for 2009 From a press release from St. Mary Land & Exploration, a drilling company headquartered in Denver, CO: St. Mary has drilled and completed its first two horizontal wells in this program. The wells are the Potato Creek 1H [...]