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Wednesday, February 3, 2010

Heimel: Marcellus Shale " A Verified Gold Mine"

Potter County on verge of Marcellus Shale drilling boom

After years of population loss and economic hardship, a Potter County official said the area is on the cusp of a boom, with help from the Marcellus Shale.

Potter County Commissioner Paul Heimel said the Marcellus Shale is a more productive field than oil and gas industry officials had anticipated, indicating that 2010 will start 30 to 50 years of gas drilling in the region.

“It’s now being looked at as a verified gold mine,” said Heimel, also an official with the Potter County Natural Gas Task Force, “especially when gas prices go up.”

Seen as experimental when interest first piqued in 2007, Heimel said gas collected from the Shale is of high quantity and rich quality. More...

28 comments :

Anonymous said...

It all boils down to this: If you own a business up here, you will make out. If you own your mineral rights, and get a well, you will make out. If you own neither, you get to put up with a lot more traffic and noise.

Anonymous said...

That's not entirely true. I don't own my mineral rights, I don't own a local business either. I am a mason and I just signed a contract to build the indoor waterfall and pool at the Millstream. Jobs and money will also come with the traffic and noise.

TCR Aquatic Scapes

Anonymous said...

Cool! Does anyone know if they are selling passes to the public?

Anonymous said...

Is the Potter County Government seeking any tax benefits for the tax payers of Potter County from their new found fortune or will the poor just get poorer while the oil company takes advantage of the citizens??

Potter County Government has the ability to tax the oil companies heavily allowing the citizens to have a reduction in taxes.

Take for instance, those huge trucks are going to have the roads torn into pieces [they are already falling apart] and there won’t be any money to fix them. I know the State is supposed to fix the roads, but if Potter County sits on its haunches and waits for the state to fix them, some small cars will be lost in some of the pot holes, never to be seen again.

Anonymous said...

30 to 50 years of drilling? Sounds like about 20 to 25 more than I heard.

Anonymous said...

The local jobs created will be minimal. Think about it.
The motels will be full and there are hundreds of temporary houses being brought in to house workers.
Local people would work all day and go home to their families. Workers brought in to the area need to have housing.
This may be the best thing that ever happened to this area, but it may also be the worst. Time will tell and their will be no repair if it turns out to be the worst.

Anonymous said...

to poster at 3:39
As I understand it any production taxes derived from gas drilling go into the General Fund. Sorta like the in-lieu-of-taxes we receive from timbersales on public lands. Harrisburg determines what the local government receives.
Pray for a decent chunk,but write your elected representatives.

Solomon's words for the wise said...

There is no tax on production or oil and gas mineral rights in Pennsylvania at this time. There is talk in Harrisburg of imposing a production tax, but the destination of this money has not been determined. The Oil & Gas mineral tax was declared illegal by the court in 2002 because oil & gas were not defined as minerals in the act. A move to correct this oversight was introduced by Rep. Bill DeWeese and has languished in committee for a couple of years with no action, allowing homeowners and business owners to continue to pay the gas & oil companies' share of the property tax.

Anonymous said...

Jim you are correct.
The person at 3:39 is misinformed. We are subcontracting with a gas company and I can tell you that they have a real sweet deal in Pennsylvania. Nothing the county or townships can do about it until the state steps up to it.

Anonymous said...

To 3:41pm. Yes that is right.I have been reading gas and oil journals for many years,as this is our work.The prediction is 35 years.Now,lets give these folks a friendly welcome,with good memories of residing in Potter County,while they have to work away from home.They travel a long way for their jobs,as I did,for many years,as there was not any work,here at home.Have many fond memories,of many fine people,that made me feel at home,while chasing the gas and oil work from one coast to the other.I am thankful for being able to stay home and work,finally.

Anonymous said...

The local people will have few opportunities to work on these rigs unless they have prior experience. I worked for a drilling company, the 2nd largest to be exact, and they have so many rigs stacked out in Texas,Oklahoma,Colorado, Wyoming, etc., that they are just bringing those roughnecks out here. I saw my fair share of turnover for totally bogus reasons just to bring the guys from out west out here and give them jobs. Until it picks back up out west, the majority of the roughnecking jobs around here will be filled by these individuals. I was hired on with no experience, but I was fortunate, or so it seemed at the time. It was hard work, but enjoyable work for me. It was tough being away from my wife and kids for 2 weeks at a time. I left with no regrets other than the amount of time I spent away from my family. If you are single, and you can get in with one of these companies, the money is very good, but it wasn't worth it for me to be away from my kids, or to God forbid have to have my wife get a call saying I was killed on the rig site. It's all about what you are willing to sacrifice, both personally, and as a community. The drilling and hydrofracturing processes are not environmentally friendly, but if companies do it correctly, contamination of water systems can be avoided. There are good and bad possibilities to just about anything, and gas drilling is no exception.

Brother Nature said...

Shut'em down baby, Shut'em down!!!

Anonymous said...

No, actually, the forecast of 30 to 50 years is right. The intense drilling period will probably be for about 15 years but they need to re-frac the wells every few years and the gas will still be flowing and the royalties will be rolling in to landowners for a good 40 or more years. Nobody really knows and it could be even longer. This thing is big folks, really big. We have a son and a daughter already preparing for careers on roughnecks (yes, they do allow women to hold those jobs if they are strong enough) and they plan to live their lives and raise their families here in God's Country.

Anonymous said...

Not speaking against nat gas industry here in Potter County, but I guess we did not learn our lesson from just a few years ago when we put all of our eggs in one basket (i.e. Adelphia).

This area never seems to learn..... timber boom and bust, first nat gas boom and bust, manufacturing boom and bust, adelphia boom and bust...... got to be diversified.

Spent the 80s/early 90s in Houston when the oil bust took place.....they learned.

Promote and welcome the natural gas industry. Absolutely. But lets also keep our eye on other local economies such as agriculture and tourism.

Anonymous said...

Thinking back to the Adelphia days I am not sure what you mean by "we put all of our eggs in one basket". I know what that saying means, but who are "we". Adelphia grew because it's owners decided to make it grow in Coudersport. It wasn't like some big conspiracy to bring in Adelphia and not do other things. So what do you mean by that?

Anonymous said...

My family owns over 1,400 acres in Potter County and I am very concerned about the enviornmental impact. Several companies have approached us about leasing, and we are holding back for the time being. None of them can give us enough comfort that the land won't be polluted for many generations growth. I think we are inclined to sit back for 10-15 years to see what happens. We don't need the money now anyhow - so it'll be finer (and perhaps more lucrative) to sit back and let the kids handle the money later. The environmental impact cannot be underestimated.

Anonymous said...

If Paul says it. I believe it.

And one smart cookie 9:13, my hats off to you.

Anonymous said...

All this whinning about tyhe water etc. Why doesn't somebody check with Texas people about their water instead of making a moutain out of what is probably a mole hill. It doesn't matter what it is someone will complain about it.I love to watch the wind turbines down state but I guess they whined so much they gave up on them.

Anonymous said...

We got a Potter County Natural Gas Task Force. Do we have a Potter County Drug Force?

Anonymous said...

February 3, 2010 9:57:00 PM

Not forgotten and have not given up on the wind turbines, they are coming to Potter County.

SGC people picked the wrong war to battle, delayed not stopped!

Anonymous said...

On the wind turbines what it amounts to is that township supervisors who were elected at the local level favor laws which will support these industrial developments. Democracy in action.
The only problem we see with this system is that some of the supervisors are feathering their own nests or their relatives' nests by enacting township regulations that welcome the turbines. I think everybody would agree that is wrong.
Also have these supervisors conducted enough research to make intelligent decisions on such an important issue?

Anonymous said...

8:36 - no one said it was a conspiracy. we got lazy. there was a job for everyone at adelphia so why bother bringing new employers, ideas, or develop existing enterprise when pappa john will take care of us.

same mentality with natural gas..... i'm going to sit back and wait for them riches to come to me!!! they will for a few which is great, but i'm not sure it will be the savior many of us think it will be.

Anonymous said...

I agree with 8:36 and I agree with 11:39.
Let's work for diversity. Tourism, manufacturing, techno jobs, timber cutting and processing, traditional agriculture, newer-age agriculture (organic and niche products) and let's work together and not bash each other so much on this blog.
I for one am guardedly optimistic that we can get this right and recover from the post-Adelphia malaise if we work together.
Who's with me?

Solomon's words for the wise said...

That works for me 12:02

Anonymous said...

12:02-No kidding.Trouble is,no matter what it is,this area trys to make it hard.Over regulate to try and keep this place poor and underdeveloped seems to be the war cry!Nobody seems to understand that the more you regulate,the more it costs to enforce,and the more it costs to produce.End result...No profit,no business,more cost to taxpayers and consumers.Too many groups with their nose in someone elses business!

Anonymous said...

February 4, 2010 11:02:00 AM

"supervisors who were elected at the local level favor laws which will support these industrial developments." Guess you are admitting that the majority of the voters in this township approve of this supervisors beliefs? Sure looks that way to me!

Maybe you have never had experience on a board of this type BUT if you are in this position and it could be a conflict of interest you abstain from the vote, been there done that, period!

Anonymous said...

I wish that was the truth 8:31 but if you look around at where the supervisors are voting to sell out their townships to the wind industry you will not see any "abstain" votes.
Maybe they should but they don't!

Anonymous said...

Threaten and bride your officials. Get what you want. Big government made it legal to now.