Chevron, according to NGI’s Shale Plays Factbook, is the fourth largest acreage holder in the Marcellus Shale with some 700,000 acres. It appears Chevron is looking to sell off at least some of that acreage. MDN received an email notice (below) from EnergyNet, hired to broker a sale for two of what they say will be an eventual 12 tracks of Marcellus acreage that Chevron owns. The current two are located in Bedford, Blair and Cambria counties in Pennsylvania and represent just over 17,000 acres total. EnergyNet is accepting sealed bids on various tracks, some held by production, some not… Continue reading
Work is resuming on a new frack wastewater treatment facility in Johnstown (Cambria County), PA, according to the Aspen Fluid Logistics, the company building the plant. The project is expected to cost on the order of $100 million by the time it’s done, and create “hundreds of jobs.” However, the new plant has been plagued by delays due to permits and “financing.”
An update on the new plant and the latest guesstimate as to when it will be operational… Continue reading
Chevron is about to ramp up drilling on some of their half million plus Marcellus Shale acres located in Cambria County, PA. Construction will begin this summer and drilling will begin in the fall at the Goldenrod Sportsmen’s Club in Jackson Township: Continue reading
The Pennsylvania Game Commission voted on Wednesday to approve oil and gas drilling agreements on state land in five PA counties—some of the deals are new and some are extensions/renewals of existing deals. That’s newsworthy in and of itself (and sure to drive anti-drillers bonkers).
The news for landowners in this story, however, is the royalty percentages for the new land deals. Some impressive numbers:
Recently Seneca Resources, a company that will turn 100 years old in March, gave Johnstown, PA WJAC-TV News a tour of what happens at a drill site. During the tour, WJAC got the real story of what goes on “behind the scenes” at a drilling company. They also got the real story about fracking. Refreshingly, WJAC reported it accurately!
A regional economic development group made up of officials from Blair, Cambria, Somerset, Huntingdon, Fulton and Bedford counties in Pennsylvania is asking the state for a $700,000 grant to help them help businesses located in the southern Allegheny region identify new business opportunities in the shale gas drilling industry. The group hopes that their geography, strategically located between PA’s northeastern and southwestern Marcellus gas fields, will bring new business to the area, and along with that new business, more jobs.
A new landowner coalition, The Loretto Landowners Group, is forming in Cambria County, PA on February 2. Their hope is to negotiate a lease with gas companies looking to drill in the Marcellus Shale. Continue reading