Good question, and one that Brandon Otis, a CPA and valuations specialist with Alpern Rosenthal, an accounting advisory firm, addressed at a recent meeting in Pittsburgh. Otis has done research on 384 Marcellus wells in Susquehanna County, PA and has come up with a list of criteria for determining value. Among the criteria he uses:
Those who oppose drilling in Pennsylvania are changing tactics and are now turning to the court system to try and stop drilling:
Chesapeake Energy and Statoil ASA are making a major commitment to drilling in the Marcellus Shale over the next two decades:
Another Pennsylvania University is now offering training for those who want a job working in the Marcellus Shale, this time in Western PA.