On march 29, 2010, the Norwegian based Statoil ASA reported that it had acquired an additional 59,000 acres in the Marcellus shale gas area of Pennsylvania. The acreage was bought from U.S. based Chesapeake Energy Corporation and the total deal cost was approximately $253 million at $4,325 per acre.
Statoil had already bought the rights to approximately 600,000 [...]
In March 2010, Pennsylvania oil and gas royalty owners in Susquehanna County lost a lawsuit that challenged the “net-back method” where gas companies pay royalties after deducting one-eighth of the cost of bringing the gas to market. The court also rejected landowner claims that gas companies might inflate post-production costs to drive down royalty payments. The [...]
Apparently, Chesapeake Energy has decided to cut out the landman by mailing letters directly to Marcellus Shale landowners in the greater Towanda area of Pennsylvania. The letter invites mineral rights owners to a “lease-signing event” to be held on March 20 at the Wysox Fire Hall in Wysox, PA.
According to the Daily Review, a copy of [...]
According to a recent Reuters article, Reliance Industries may jointly develop Atlas Energy’s Marcellus Shale gas project through a joint venture.
UPDATE: Reliance Said to Be in Talks to Buy Atlas Shale Asset
Atlas Energy has oil and gas leases on approximately 519,000 acres in the Marcelluss Shale. Most of the leases are located in the southwestern Pennsylvania, [...]
The largest-known pocket of natural gas in the United States is located in the Marcellus Shale Formation. Depending on how much gas can be extracted, there is most definitely enough to meet the needs of the U.S. for many years to come.
According to Wikipedia, “The Marcellus is found throughout the Allegheny Plateau region of the northern [...]
On March 1, 2010 The West Virginia Surface Owners’ Rights Organization expressed serious concerns for a Senate bill that would affect well-drilling laws in the natural gas Marcellus Shale Formation.
According to the Charleston Gazzette, “the Senate Energy, Industry and Mining Committee signed off on the measure (SB369) during a meeting at the back of the [...]
News from the blog
- Wyoming Based Niobrara Shale Mineral Rights Owners Plan To Auction Off Oil & Gas Royalties
- BP Slapped With $5.2 Million Fine For Colorado Royalty Mistakes
- Selling Mineral Rights on eBay?
- Statoil ASA Acquires Another 59,000 Acres In The Marcellus Shale
- Earth Search Sciences Set To Drill In Green River Formation
