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Thursday, August 2, 2012

PennState Gas Leasing Workshop Set For August 13th

More Than One Type of Gas Leasing?


Remember Old … Learn New

Next Monday, August 13, 2012 @ 6:30 PM, Penn State will be presenting a workshop intended to help landowners currently under lease to understand what their options are if “shale” gas production is going to be happening on their land. The meeting will be held in the Allegheny College Shafer Auditorium, 520 N. Main St., Meadville, PA.

Pennsylvania has a 150 year long history of drilling for natural gas in “conventional” shale reservoirs, and many landowners have held leases on their acreage for an extensive period of time, in some cases down through the generations. Depending on the document’s wording, these leases may not allow natural gas drillers to drill down into the Marcellus, Utica, and Upper Devonian Shale formations that are now proving very profitable for companies using modern drilling techniques, e.g. fracking and horizontal drilling. These methods are used more than a mile below the surface, and currently up to 2 miles horizontally.

Many owners of old leases are now being approached to have their leases amended (altered) in order to meet unit size standards and allow other conditions favoring unconventional shale production to be placed into their leasing documents … but are not aware nor being informed of their options by the company agents/landmen.

How these requested changes affect landowners with older leases focused on gas production at shallower depths, and or with restrictive language written in, is the topic that will be covered in this workshop. It is also one that frequently comes up during landowner group meetings. It is important.

Please RSVP by Sunday, August 12, 2012. Being a borderline region, don’t let a New York address stop you from attending.

The email address: ExtensionCVENT@ag.psu.edu

Hopefully this workshop can be brought closer to our area in the near future. Education is the answer.

Janice L. Hancharick
jlhanch@nc.rr.com
Shinglehouse, PA and Raleigh, NC

2 comments :

Anonymous said...

Give it up, the jig is over! The hype is long gone.

Anonymous said...

I'll be there to demonstrate the Hucklebuck! At least something positive will be learned.