Join our newsletter and get a free copy of "Maximizing Your Minerals"

Discover how you can:

  • Negotiate the best lease for your minerals
  • Understand how the oil companies work
  • Prevent costly mistakes

*Your information will not be shared with others.

Posts tagged as:

marcellus shale

Range Resources Test Doubles Marcellus Well IPs

by Kenneth E. DuBose on April 27, 2012

Range Resources tested reduced cluster spacing on two wells in a producing unit in the Marcellus Shale. The results are intriguing to say the least. Production came online at roughly double rates of wells that didn’t receive the treatment. The Marcellus has already proven to be resilient to low natural gas prices and an uplift […]

{ Comments on this entry are closed }

Chesapeake Energy is slashing natural gas spending and re-directing rigs and capital dollars toward liquid-rich plays like the Eagle Ford and Utica shales. Chesapeake is also planning shut-ins of 0.5 Bcfd and will increase that amount to 1 Bcfd if prices don’t begin to recover. The company is targeting a natural gas rig count of […]

{ Comments on this entry are closed }

Drilling Grows in Urban Areas

by Kenneth E. DuBose on October 26, 2011

Drilling is expanding in urban areas like Denver, Dallas-Fort Worth, and Pittsburgh. Don’t expect that to change any time soon. The industry will go where it can make a margin. The side effect is the industry is much more visible to the average citizen. Oil & gas producers will be educating people about the industry […]

{ Comments on this entry are closed }

PA Prisons and Colleges May Lease Minerals

by Kenneth E. DuBose on October 21, 2011

Pennsylvania prisons and educational facilities may be granted the right to lease their minerals. Currently, only the conservation commission and the game commission benefit from mineral rights that sit atop the Marcellus Shale. The bill will broaden authority for oil & gas leasing on commonwealth lands. If a separate bill passes, the facilities will get […]

{ Comments on this entry are closed }

Statoil Acquires Brigham – Gains Bakken Acreage

by Kenneth E. DuBose on October 17, 2011

Statoil is acquiring Austin based Brigham Exploration in an all cash transaction worth $4.4 billion. The deal builds on Statoil’s current positions in the Marcellus and Eagle Ford shales, as well as giving the company its first operated position in the onshore U.S. The company paid a 36% premium to BEXP’s previous 30 day average […]

{ Comments on this entry are closed }

In Pennsylvania, Is Natural Gas a Mineral?

by Kenneth E. DuBose on September 26, 2011

In Pennsylvania, if the mineral rights have been severed it does not necessarily mean the natural gas rights were severed with it. A court in Susquehanna County hearing might change everyone’s perception completely. Pennsylvania state law does not explicitly define minerals as oil & gas. That means mineral owners who severed their rights and didn’t […]

{ Comments on this entry are closed }

Allegheny Forest Drilling Ban Overturned by U.S. Court

by Kenneth E. DuBose on September 23, 2011

A U.S. appeals court that has thrown out a ban on drilling in the Allegheny National Forest brought by the National Forest Service. The decision will allow for additional Marcellus Shale drilling in Pennsylvania. A U.S. appeals court has thrown out a ban on drilling in the Allegheny National Forest in western Pennsylvania, concluding that […]

{ Comments on this entry are closed }

Anschutz Sues Dryden NY for the Right to Drill Marcellus Gas

by Kenneth E. DuBose on September 21, 2011

Anschutz Exploration will take a case to the New York Supreme Court to challenge Dryden’s, a suburb of Ithaca, NY, ban on drilling. This is legal precedence that needs to be set as the state readies to allow for drilling in the Marcellus Shale. Local jurisdictions that oppose drilling will likely try to do everything within their […]

{ Comments on this entry are closed }

CHK’s Aubrey McClendon Hails the Marcellus, Natural Gas, Fracking

by Kenneth E. DuBose on September 15, 2011

Aubrey McClendon of Chesapeake spoke at a conference in Philadelphia last week and had several great statistics to share: Marcellus natural gas development generated $11 billion in value-added regional gross domestic product last year. That number will rise to $13 billion in 2011 and reach $17 billion in 2015. For our part, Chesapeake has 2.4 […]

{ Comments on this entry are closed }

Hess Acquires Marquette Exploration’s Ohio Utica Shale Acreage

by Kenneth E. DuBose on September 15, 2011

Hess announced the acquisition of 85,000 net acres in Ohio’s Utica Shale from Marquette Exploration for $750 million. For those keeping track, that’s over $8,800 per acre in counties that border Pennsylvania in east-central Ohio. This announcement is on the heals of a joint-venture with Consol Energy that gave the company 100,000 net acres for […]

{ Comments on this entry are closed }