Serving Western PA | Located in Greensburg, PA
724-834-1338
Information & Links
Information Regarding “Wet Gas”
Development of the Marcellus and Utica Shale formations as gas producing reservoirs has gained a tremendous amount of attention over the last several years. The formations are laterally extensive and contain a significant quality of gas potential reserves measured in the trillions of cubic feet (TCF). The gas contained in the formations can be generally characterized as dry or wet. The basic difference between the two gases is that wet gas can contain hydrocarbons that are liquid (natural gas liquids) and offer value to the petrochemical, refining and heating industries.
The price of natural gas has fallen as a result of over-production. The market price of natural gas ultimately drives development. As the price rises and ultimately stabilizes, more gas development will likely occur.
At Western Pennsylvania Gas Leasing Consultants, we try to understand the industry dynamics and respond accordingly to assist our clients in negotiating the best lease possible. Contact us
today!
Links
Landowners who negotiate with Shell Ethane Pipeline get more $
The Cooperative Extension is a service of Penn State that contains a wealth of resources regarding the Marcellus Shale Development.
View an educational video detailing the drilling process.
Pennsylvania Department of Environmental Protection
Frequently asked questions by landowners about oil and gas leases and drilling.
Basic information about mineral, surface, oil and gas rights.
Resources and information targeted to the Westmoreland County area.
Great site discussing the geologic formation and geographic location of the Marcellus Shale.
EQT Corp. plans to again cut its capital spending and shale gas drilling program as it faces the prospect of continued low prices next year.
The natural gas drilling frenzy is grinding to a halt, as the industry struggles with excess supply.
With companies spending hundreds of millions in 2015 on planning for two potential petrochemical plants along the Ohio River, officials in three states hope 2016 is the year that billions of dollars are committed to their construction.
Months of cost-cutting at some of Pennsylvania's top Marcellus shale gas producers hasn't stemmed the bleeding caused by low prices.
The growth of Pennsylvania's shale gas production cooled in 2015 as companies dialed back drilling and shut off some wells because of low prices, state data show.
Analysts for months have predicted that natural gas production from the Marcellus shale would tail off as prices tumbled to 16-year lows and drilling activity slowed.
Advantage: Marcellus
CNX - Central PA Overview: North & South - scroll to page 41 of pdf
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724-834-1338
We are the landowners' experts in providing professional and accurate representation. Contact us today!