Reminder: Enter to Win $25K Prize in Shale Gas Innovation Contest
Attention small businesses, researchers and entrepreneurs in Pennsylvania or West Virginia. If you have a new product or service that serves the shale energy space, submit your application (FREE to enter!) for the Ben Franklin Shale Gas Innovation and Commercialization Center’s 4th Annual Shale Gas Innovation Contest before the February 1, 2015 deadline. If you do, you’ll be in the running to receive a $25,000 prize. Four such prizes are awarded each year. What are you waiting for?! Details…
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Antero Resources said on Monday it will lay off more than 250 contract land brokers operating in West Virginia, Ohio and Pennsylvania. The layoffs will not affect any Antero employees–only contract workers (landmen and others) who work to get leases signed, sealed and delivered for future drilling. Antero blames the low price of oil, which causes the price they get for their Marcellus/Utica natural gas liquids to be low, which means they’ll stick to drilling on the half million plus acres they already have under lease…
The Joint Landowners Coalition of New York (JLCNY) is a 70,000-member group of frustrated landowners who have had their Constitutional property rights stripped away by a spineless governor. In an effort to get the truth out about shale drilling and its affects–both good and bad–the JLCNY has taken to the airways with a periodic (every 3-4 weeks) radio program that airs Sunday evenings for an hour on Binghamton’s WNBF 1290 AM radio station. This past Sunday night the latest program aired and it was a must-listen program. The special guest was Dr. Theodore Them, MD, MS, PhD, MPH. Dr. Them is a specialist in environmental medicine working at Guthrie, the 19th largest health care system in the United States. Dr. Them lives in Bradford County, PA, within five miles of 100+ Marcellus Shale gas wells. Dr. Them was on the program to discuss the so-called “health impacts” report recently delivered by New York State Commissioner of Health Dr. Howard Zucker (see
Time to follow the bouncing ball–this is a tad complicated, but we’ll do our best to explain it. In 2008, Chesapeake Energy (under then-CEO Aubrey McClendon) took on a “silent” investing partner for 600,000 net acres in the Marcellus of West Virginia and southwest Pennsylvania. The non-operating partner for the acreage was Norwegian company Statoil, with a 32.5% interest in the acreage. Statoil put up buckets of money and Chessy did the drilling. Fast forward to October of this year. Chesapeake cut a deal to sell most of that acreage–some 413,000 acres with 435 drilled wells (see