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Duquesne U Anti-Drilling “Study” Based on 14 Interviews
Duquesne University (Pittsburgh) is hosting a conference on the effects of shale gas drilling in a “Boom and Bust” conference being held today and tomorrow at the university. Although the conference flies under the banner of “science” and will share the results of a “scientific study,” it is any but. It’s about the findings of a so-called study that interviewed 14 hand-picked anti-drilling women about their feelings and attitudes toward drilling. They were interviewed twice each.
So much for scientific inquiry at Duquesne.
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In March 2010, CONSOL Energy (Cecil, PA) paid Dominion Resources $3.5 billion for 500,000 acres of Marcellus Shale gas leases, instantly tripling their lease holdings. Since that time, CONSOL has continued to invest in Marcellus acreage and they now have 750,000 acres under lease. But CONSOL had a problem: Not enough money to develop their vast Marcellus acreage. So they did what is now a common practice—they found a partner to invest. Yesterday, CONSOL and Noble Energy (Houston, TX) announced that Noble will buy a 50 percent interest in 663,350 net undeveloped acres and fund drilling and completion costs in a deal worth $3.4 billion over an eight-year period.