Washington County, PA Airport Considers Offer to Lease
Washington County, PA commissioners will vote today on a proposed lease of the county’s airport property–to allow shale drilling under (but not on top of) the property. According to the deal offered, the county would receive $6,400 per acre as a signing bonus and 18.25% royalties on any gas produced. It’s unclear how much of the 360 airport-owned acres will generate revenue for the county because when the county purchased the property some landowners retained mineral rights. However, the deal, if signed, is sure to generate a boatload (or planeload) of money for Washington County.
Here’s more details about the proposed offer, and which drillers (plural) are cooperating to do the drilling…
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Who doesn’t like a Top 10? We have one for you: What are the Top 10 producing Marcellus Shale wells in Pennsylvania? Would it surprise you to learn that 8 of the top 10 wells are found in a single PA county, drilled by the same driller?
The recently signed Pennsylvania Royalty Bill SB259 provides extra transparency for landowners in how royalties are calculated, but it also introduces forced pooling for some landowners with old, pre-Marcellus leases (see
It seems as if “out of the blue” the Upper Devonian Shale (UD) has popped up on the radar screen–quite suddenly and in quite a big way. The Upper Devonian is located a few hundred feet above the Marcellus Shale layer in the northeastern U.S. Over the past few weeks, MDN has highlighted stories of drillers expanding their UD drilling programs–including CONSOL, Rex Energy, Range Resources and EQT Corporation (see
EQT has distinguished itself by becoming the second Marcellus Shale driller to join the “1 billion cubic feet per day club” in Marcellus Shale gas production. Cabot Oil & Gas was the first member (see
Those who hate fossil fuels and want to stop all shale drilling because of their irrational beliefs are logic-challenged. Witness their claim/belief that fracking fluid (99.5% water and sand, 0.5% chemicals) pumped a mile or more below the surface will magically travel up to the surface and contaminate groundwater supplies. Never mind that 80% of the fluid disappears into small cracks a mile down. Never mind there’s a mile of solid rock between the fluid and the surface. Never mind there have been more than 50,000 horizontally fracked wells since the early 2000s with not a single case of water contamination from migrating frack fluid. And never mind there have been more than 2 million vertically fracked wells worldwide over the past 60+ years with not a single case of water contamination from migrating frack fluid. Anti-drillers cling to their irrational faith that fluid migration has and continues to happen and hucksters like Josh Fox of Gasland and Gasland 2 fame are all too willing to feed their delusion.