Norse Energy Corp, a drilling company headquartered in Norway but with local operations and 180,000 net acres of leases in New York State, filed the state’s first application to drill in the Utica Shale last week. Norse believes that the Utica Shale for New York will be what the Marcellus Shale is for Pennsylvania. Why? It all has to do with depth:
Yet another study is about to be launched looking for a connection between Marcellus Shale gas drilling and elevated methane (natural gas) levels in nearby water wells—this time from a group of researchers at Temple University.
You may recall that Duke University recently released a study which supposedly showed a connection between drilling and high levels of methane in water wells (see MDN story here). However, the Duke study cherry-picked the locations they used—locations where there was already high levels of methane in the water, methane that is naturally occurring (and has been for decades). Hopefully the Temple researchers will employ a more rigorous methodology in their study.
Range Resources, one of the largest drillers in the Marcellus Shale, had a very good second quarter (revenue-wise) because of increased production of natural gas liquids and because of an uptick in the price of natural gas in the commodity markets: