Marcellus Drilling News

Belden & Blake | Broome County | Chesapeake Energy | Energy Companies | EnerVest | Lease & Royalty Payments | New York

Broome County, NY Landowners Sue Energy Companies that Try to Extend Expired Leases with “Force Majeure” Clause
February 17, 2011February 18, 2011

Many landowners in the Broome County, NY area who signed gas leases years ago are now receiving letters from the energy companies holding those leases that the landowner is “locked in” to the terms of the lease even though the original term has now expired. Why? The legal term is “force majeure,” which roughly means “due to circumstances beyond our control—the fact that New York State continues to prevent drilling—you have to stick with us for a while longer.” Because this involves contracts and interpretation of the terms of those contracts, it’s now in the hands of lawyers, or heading in that direction.

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Broome County | Industrywide Issues | New York | Regulation

Free Bus Ride from Binghamton Area to DRBC Hearings in Liberty, NY on Feb 22 for Pro-Gas Supporters
February 17, 2011February 17, 2011

MDN received the following email from the Joint Landowner Coalition of New York, offering free bus rides to the Delaware River Basin Commission (DRBC) hearings scheduled for Tuesday, Feb. 22 in Liberty, NY. Pickup locations include Binghamton, Windsor and Deposit, NY. The hearings are to accept public comments on the DRBC’s draft regulations that will govern drilling in the Marcellus Shale within DRBC-controlled areas. The DRBC adds an extra layer of regulation for drilling within watershed areas as part of it’s charter to protect water supplies. As Dan Fitzsimmons points out, it’s important for those who support drilling to make their voices heard at the DRBC hearings.

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Atlas Energy | Chevron | Energy Companies | Reliance Industries

India’s RIL Loses Bidding War for Atlas Energy – $4.3 Billion Deal with Chevron Goes Forward
February 17, 2011February 17, 2011

India’s largest private sector company, and one of the world’s largest energy companies, Reliance Industries Limited (RIL), lost its bidding war with Chevron to buy Atlas Energy.

Read More “India’s RIL Loses Bidding War for Atlas Energy – $4.3 Billion Deal with Chevron Goes Forward”
Energy Companies | Westmont Resources

Westmont Resources Sells Gold Mines to Pursue Bigger Pot of Gold in the Marcellus Shale
February 17, 2011February 17, 2011

Westmont Resources, an independent oil and gas production company with headquarters in Bellevue, WA, just sold off their Canadian gold mining properties so they can concentrate on oil and gas drilling in the U.S., particularly in the Marcellus and Chattanooga Shale plays.

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