Potter County

Lease & Royalty Payments | McKean County | Pennsylvania | Potter County | Tioga County (PA)

Leasing Activity Picks Up in Northern PA – for Utica!
November 7, 2014November 7, 2014

One of the most-drilled Marcellus Shale counties in Pennsylvania has been Tioga County–just about dead center (horizontally) and at the top (vertically) of the state, sharing a boarder with New York State. Four to five years ago there was a leasing frenzy in Tioga and Potter counties, followed by a lot of drilling in Tioga and a little bit of drilling in Potter. Leasing activity all but stopped–then something really interesting happened. Recently Shell reported drilling 6 Utica Shale wells in Tioga County, the first two of which have turned in truly impressive production rates (see Shell Drills 2 Successful Utica Wells in NEPA Marcellusland). Apparently because of Shell’s success, leasing activity in Tioga and Potter (and even in McKean County) has once again picked up the pace–this time for leases to drill Utica wells…
Read More “Leasing Activity Picks Up in Northern PA – for Utica!”
Elk County | Industrywide Issues | Jefferson County (PA) | Mercer County | Pennsylvania | Potter County | Taxation | Tioga County (PA)

PA Republican Senator Hands Out $2M+ in Impact Fee Money
October 22, 2014October 22, 2014

Being President Pro Tempore of the Pennsylvania State Senate has its privileges–like handing out $2,086,132 in grants for six energy, trail and water and sewer projects in your district–just two weeks before the election. Senator Joe Scarnati (R-Jefferson) announced awards yesterday to fund projects including $150K for a recreation trail in Elk County, nearly half a mil for a flood mitigation project in Senator’s home county of Jefferson, and $546K to buy some sort of biogas contraption for a pig farm in Tioga County (something that turns pig crap into electricity). All of these projects are funded by PA shale drillers through the Act 13 law and the impact fee collected…
Read More “PA Republican Senator Hands Out $2M+ in Impact Fee Money”
Anti-Drilling/Fossil Fuel | Erie County (NY) | Industrywide Issues | New York | Pennsylvania | Potter County | Statewide PA | Tioga County (PA)

MDN Prediction Comes True: Anti Criticizes Bills Sale to Fracker
October 15, 2014October 15, 2014

Just last week, with respect to the sale of the Buffalo “Marcellus” Bills to East Resources CEO Terry Pegula, we said the following tongue-in-cheek: “What’s interesting to us is that there’s zero talk about how Marcellus “blood money” has purchased the Bills. No talk that Pegula is an evil, nasty fracker….The talk, universally, is of a really great guy with a big heart that’s whip smart and committed to the Buffalo region (he previously bought the NHL Buffalo Sabres team). Where are the crazies and their loony toons criticisms? Where are the protesters? Nowhere to be found” (see Buffalo “Marcellus” Bills – Team Sold to Fracker for $1.4B). Well, such a loon has now been found, and a Wilkes-Barre newspaper published his rantings…
Read More “MDN Prediction Comes True: Anti Criticizes Bills Sale to Fracker”
Butler County | Energy Companies | Pennsylvania | Potter County | Rex Energy | Shell | Tioga County (PA) | Ultra Petroleum

After Selling 208K Marcellus Acres, Shell “Buys” 155K More Acres!
August 15, 2014August 15, 2014

In a seemingly strange twist, Shell has just picked up more Marcellus and Utica Shale acreage. Say what? Yesterday MDN told you that Rex Energy just bought 208,000 Marcellus acres from Shell in southwest Pennsylvania’s wet gas area (see Rex Energy Takes Shell to the Cleaners – Picks up 208K Acres). We pointed out that many majors like Shell seem to have a hard time turning a buck in American shale plays, and that Shell CEO Ben van van Beurden had warned of scaling back their shale operations. So what happened a day later? Shell further divested itself of both conventional and unconventional holdings–this time in Wyoming and Louisiana. As part of the same deal, the picked up new Marcellus acreage (155,000 acres) in Pennsylvania’s dry gas area. Let’s try to sort through these Shell gyrations…
Read More “After Selling 208K Marcellus Acres, Shell “Buys” 155K More Acres!”
Endeavour International | Energy Companies | McKean County | Pennsylvania | Potter County | SM Energy

Endeavour International’s Stock Tanks – Why?
June 12, 2014June 12, 2014

In 2011, Endeavour International, an independent energy company from Houston, TX, cut a deal with SM Energy for 50,000 Marcellus Shale acres, three producing wells and a pipeline in McKean and Potter counties in Pennsylvania (see Endeavour International Buys Lease for Additional 50K Marcellus Acres & Local Pipeline in PA from SM Energy). At the time Endeavour had around 33,000 Marcellus Shale acres. However, by the end of 2011, Endeavour backed out of the deal (see Endeavour Leaves SM Energy at the Altar, SM Ready to Sue). After two and a half years of litigation, the two sides settled in April, costing Endeavour $19.25 million (see Endeavour & SM Energy Settle Lawsuit over PA Marcellus Properties). However, Endeavour’s stock price continues to bump along at the bottom of the barrel–something that has them mystified…
Read More “Endeavour International’s Stock Tanks – Why?”
Endeavour Intl | Energy Companies | Industrywide Issues | Litigation | McKean County | Pennsylvania | Potter County | SM Energy

Endeavour & SM Energy Settle Lawsuit over PA Marcellus Properties
April 17, 2014April 17, 2014

In July 2011 MDN told you that independent energy company Endeavour International entered into a deal with SM Energy for 50,000 Marcellus Shale acres, three producing gas wells and a pipeline located in McKean and Potter counties in Pennsylvania. The deal was worth $110 million (see Endeavour International Buys Lease for Additional 50K Marcellus Acres & Local Pipeline in PA from SM Energy). Five months later Endeavour pulled out of the deal and SM Energy threatened to sue (see Endeavour Leaves SM Energy at the Altar, SM Ready to Sue).

SM Energy made good on its threat and for the past 2 1/2 years the deal has been tied up in court with both sides suing each other. Endeavour said there were problems with clear title to the property and that the pipeline was not up to scratch. SM said they didn’t misrepresent anything and Endeavour simply got cold feet. Lots of lawyers and legal fees ensued. Today Endeavour issued an announcement that all of the suing and counter-suing is over and both sides have now settled…
Read More “Endeavour & SM Energy Settle Lawsuit over PA Marcellus Properties”
Economic Impact | Industrywide Issues | Pennsylvania | Potter County | Statewide PA

PA Report Card: 6,200 Shale Wells Drilled, 3,550 in Production
July 8, 2013July 8, 2013

A quick report card on Pennsylvania’s amazing Marcellus Shale drilling: “Across the state, 6,200 shale gas wells have been drilled, though only 3,550 are currently producing. Even with just that production, Pennsylvania rose to the third largest producer in the United States in 2012, behind only Texas and Louisiana. In 2010, the Commonwealth ranked 14th.” In 2012, PA produced 2.1 trillion cubic feet of natural gas, mostly from shale. That was more than double the previous year’s production. No wonder it went from 14th to 3rd in U.S. production in just two years.

The quote above comes from an article discussing the PA Marcellus Shale delivered at a bi-monthly talk in Potter County, PA. Here’s more insights from that talk, including the observation that 2013 will be “the year of the pipeline” in PA:
Read More “PA Report Card: 6,200 Shale Wells Drilled, 3,550 in Production”
Energy Companies | Energy Services | Industrywide Issues | Pennsylvania | Pipelines | Potter County | Tenaska Resources | Tioga County (PA) | UGI Energy Services

UGI & Tenaska Sign Deal to Build New Marcellus Pipeline in PA
January 15, 2013January 15, 2013

Pennsylvania electric & gas utility UGI Corporation announced yesterday they’ve cut a deal with driller Tenaska Resources to jointly develop Marcellus Shale projects in both Potter and Tioga counties in north-central PA. Over the next 10 years UGI will invest $65 million to build a new gathering pipeline system in Potter County, and another $25 million investment in return for a 19% interest in Tenaska’s Tioga County acreage/operations.

From the UGI announcement yesterday:

Read More “UGI & Tenaska Sign Deal to Build New Marcellus Pipeline in PA”
Pennsylvania | Potter County

Why has Potter County, PA Not Seen More Marcellus Drilling?
September 10, 2012September 10, 2012

The Potter County, PA Natural Gas Resource Center has just released the new issue of their bi-monthly newsletter for September/October covering natural gas drilling in and around Potter County. The new issue (embedded below) deals with the question: Where is the long-promised shale drilling boom in Potter County, and why is it taking so long to arrive?

This issue of the newsletter includes a guest column by John Hanger, former Sec. of the PA Dept. of Environmental Protection (and MDN’s first webinar guest, see here). The issue also sports this map from the DEP, which helps explain where Marcellus and non-Marcellus drilling is happening in PA:

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Accidents | Bradford County | Chesapeake Energy | Energy Companies | Industrywide Issues | Pennsylvania | Potter County

PA DEP Fines Chesapeake Energy $565K for Three Violations
February 10, 2012February 10, 2012

The Pennsylvania Department of Environmental Protection (DEP) yesterday fined Chesapeake Energy a total of $565,000 for major violations at three Marcellus Shale wells in Potter and Bradford counties in 2010 and 2011.

From the DEP press release:

Read More “PA DEP Fines Chesapeake Energy $565K for Three Violations”
Energy Companies | Industrywide Issues | Litigation | Pennsylvania | Potter County | Tioga County (PA) | Ultra Petroleum

Anti-Drilling Group PennFuture Sues Ultra Resources Claiming Air Pollution from Gas Wells, Compressor Stations and Pipelines
July 22, 2011July 21, 2011

Anti-drilling group PennFuture is suing driller Ultra Resources claiming they are causing air pollution from almost all of their operations. A copy of the lawsuit filed in U.S. District Court for the Middle District of Pennsylvania is embedded below.

Read More “Anti-Drilling Group PennFuture Sues Ultra Resources Claiming Air Pollution from Gas Wells, Compressor Stations and Pipelines”
Endeavour Intl | Energy Companies | McKean County | Pennsylvania | Potter County | SM Energy

Endeavour International Buys Lease for Additional 50K Marcellus Acres & Local Pipeline in PA from SM Energy
July 21, 2011July 21, 2011

Endeavour International, an independent energy company, has just picked up an additional 50,000 net acres in the Marcellus Shale along with three producing wells and a pipeline, all located in McKean and Potter counties in Pennsylvania, in a deal with SM Energy. From the Endeavour press release:

Read More “Endeavour International Buys Lease for Additional 50K Marcellus Acres & Local Pipeline in PA from SM Energy”
Energy Companies | Penn Virginia Corporation | Pennsylvania | Potter County | Tioga County (PA)

Penn Virginia Disappointed with Output from First Three Marcellus Shale Wells Drilled in PA
June 30, 2011June 30, 2011

The CEO of drilling company Penn Virginia has expressed disappointment with the output of the first three Marcellus Shale wells they have drilled in Pennsylvania. From a press release issued Tuesday:

Read More “Penn Virginia Disappointed with Output from First Three Marcellus Shale Wells Drilled in PA”
Chesapeake Energy | Energy Companies | Industrywide Issues | Pennsylvania | Potter County | Soil

Chesapeake Ordered to Stop Work on Drilling Pad in Potter County, PA Because of Erosion
March 24, 2011March 24, 2011

Chesapeake Energy has been ordered to stop work on preparing a drilling site in north central PA because the work they’re doing at the site is causing dirt to runoff into a local stream which in turn is the water source for a local township.

Read More “Chesapeake Ordered to Stop Work on Drilling Pad in Potter County, PA Because of Erosion”
Coterra Energy (Cabot O&G) | Energy Companies | Penn Virginia Corporation | Pennsylvania | Potter County | Tioga County (PA)

Cabot Oil & Gas Calls Marcellus Operations “Prolific”; Penn Virginia Will Drill 14 New Wells in Marcellus in 2011
February 24, 2011

More gleanings from year-end financial statements from drilling companies, this time from Cabot Oil & Gas and Penn Virginia Corporation. Of note, Cabot talks about the “prolific nature” of their 44 Marcellus gas wells, and Penn Virginia will drill their second Marcellus gas well in 2011 as they continue to shift their resources to the Marcellus with plans to drill 14 wells this year.

Read More “Cabot Oil & Gas Calls Marcellus Operations “Prolific”; Penn Virginia Will Drill 14 New Wells in Marcellus in 2011”
Clearfield County | Energy Companies | Fayette County | Lewis County | Marathon Oil | McKean County | Potter County | Taylor County | Triana Energy

Triana Energy and Marathon Oil Join Forces in Deal to Drill 350 Wells in the Marcellus Shale in PA and WV
February 3, 2011February 3, 2011

Triana Energy is stepping up its commitment to drilling in the Marcellus Shale by entering into a partnership with Marathon Oil. From the official press release:

Read More “Triana Energy and Marathon Oil Join Forces in Deal to Drill 350 Wells in the Marcellus Shale in PA and WV”