Thursday, November 20, 2008
Marcellus Shale Could Be Biggest Play In US
Penn State Geoscientist Terry Engelder points out in this article that Marcellus Shale may contain 7 times more Natural Gas than originally estimated. Range Resources, who has drilled many Marcellus Gas Wells, says that Marcellus could be the biggest Gas Play in the United States. The information further validates the information provided by Chesapeake in their Oct08 Analyst Meetings. http://biz.yahoo.com/ap/081104/ny_shale_gas_potential.html?.v=1
Sunday, November 16, 2008
Many Good Sources For Info
We have added the web sites for many local landowner groups, under Other Landowner Groups on the left of the page. We encourage our members to visit these sites and see what other groups are doing, and also to view information and links that may be different from ours. Also under Local News, the pressconnects.com site has made some changes, and you will find a wealth information, and helpful links.
Important upcoming meetings
Discussion On The Geology of Tioga County and a Presentation on Closed Loop Drilling
Don Zaengle - Petroleum Geologist
Nick Schoonover - Tioga County Landowners Group
Friday, November 21, 2008
6:30pm-8:30pm
Newark Valley High School Auditorium (click here for directions)
68 Wilson Creek Road
Newark Valley, NY 13811
Assistant Attorney General
Announces 2 forums to be held on Landowners' Rights: Oil & Gas Leases:
Tuesday, Nov. 25th, 6:30 p.m. at Candor High School
Tuesday, Dec. 16th, 6:30 p.m. at Delaware Academy
Please share the announcements with anyone you think would be interested in attending. Thank you very much.
Dennis C. McCabe
Assistant Attorney General in Charge
Binghamton Regional Office
44 Hawley Street
Binghamton, NY 13901
607-721-8771
Don Zaengle - Petroleum Geologist
Nick Schoonover - Tioga County Landowners Group
Friday, November 21, 2008
6:30pm-8:30pm
Newark Valley High School Auditorium (click here for directions)
68 Wilson Creek Road
Newark Valley, NY 13811
Assistant Attorney General
Announces 2 forums to be held on Landowners' Rights: Oil & Gas Leases:
Tuesday, Nov. 25th, 6:30 p.m. at Candor High School
Tuesday, Dec. 16th, 6:30 p.m. at Delaware Academy
Please share the announcements with anyone you think would be interested in attending. Thank you very much.
Dennis C. McCabe
Assistant Attorney General in Charge
Binghamton Regional Office
44 Hawley Street
Binghamton, NY 13901
607-721-8771
Thursday, November 13, 2008
StatoilHydro Cuts Deal With Chesapeake Energy
StatoilHydro inks deal with Chesapeake
Norwegian natural gas supplier StatoilHydro has inked a deal to acquire a 32.5-percent stake in natural gas producer Chesapeake Energy Corp.’s Marcellus shale gas acreage, the European company said Wednesday.
StatoilHydro added that its interest in the Marcellus Shale, a gas-rich land mass in the Appalachia region of the U.S., includes 0.6 million net acres of Chesapeake’s 1.8 million net acre-leasehold.
The company will pay Chesapeake $1.250 billion in cash, as well as $2.125 billion on a 75 percent carry on drilling and the completion of the wells, StatoilHydro said.
In a press statement, StatoilHydro said the deal includes more than 32,000 leases in Pennsylvania, West Virginia, New York and Ohio -- all states with areas in the Marcellus Shale region. Chesapeake intends to continue to buy leases in the shale, and StatoilHydro says it will have a 32.5-percent stake in participation associated with new leaseholds.
Norwegian natural gas supplier StatoilHydro has inked a deal to acquire a 32.5-percent stake in natural gas producer Chesapeake Energy Corp.’s Marcellus shale gas acreage, the European company said Wednesday.
StatoilHydro added that its interest in the Marcellus Shale, a gas-rich land mass in the Appalachia region of the U.S., includes 0.6 million net acres of Chesapeake’s 1.8 million net acre-leasehold.
The company will pay Chesapeake $1.250 billion in cash, as well as $2.125 billion on a 75 percent carry on drilling and the completion of the wells, StatoilHydro said.
In a press statement, StatoilHydro said the deal includes more than 32,000 leases in Pennsylvania, West Virginia, New York and Ohio -- all states with areas in the Marcellus Shale region. Chesapeake intends to continue to buy leases in the shale, and StatoilHydro says it will have a 32.5-percent stake in participation associated with new leaseholds.
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