Background
More than a mile beneath parts of Pennsylvania lies a mostly untapped reservoir of natural gas.
Geologists and energy companies have known for decades about the gas in the Marcellus Shale, but only recently have figured out a way to extract it from the thick black rock about 6,000 feet underground.
Now gas drillers are leasing local land - more than 25,000 acres in Luzerne County alone - in an attempt to find and remove the gas, the value of which increases as energy prices soar.
In January 2008 leases were being signed for values near $100 per acre. By May that value had increased to over $2000 per acre.
With lease values changing so rapidly, landowners are unsure at what price to accept a lease offer.
Kenneth L. Balliet, a forestry and business management educator with the Penn State Cooperative Extension, recently took a trip to Fort Worth to see the economic impacts of those deposits. He said leases are being signed for $18,000 per acre in areas where production has proven strong.
There were 195 Marcellus Shale wells drilled in Pennsylvania in 2008 and another 768 in 2009, according to the state Department of Environmental Protection. Another 364 have been drilled this year as of May 5. There were only about 20 wells in Pennsylvania when Balliet was first interviewed, and he expects local production to eventually rival Texas’ Barnett Shale. He said a gas company confided it planned to spend $1 billion in 2008 in leasing agreements in Pennsylvania.
That kind of investment could mean a big boost to the area's economy as a whole. But many people are concerned that the state doesn't have adequate safeguards in place to properly regulate the natural gas industry.
Finding a good balance between economic prosperity and environmental safety appears to be the state's greatest challenge in the Marcellus Shale play.
Natural Gas Leases - Marcellus Shale
Latest Headlines
August 25, 2010
A licensed geologist from Tunkhannock says people living near natural gas drilling operations should have their well water tested prior to drilling activities, but he warns that not everyone who offers testing services is qualified to take water samples.
August 24, 2010
State Rep. Karen Boback wants to see authority over erosion and sediment control...
August 22, 2010
PITTSTON – Gubernatorial candidates Tom Corbett and Dan Onorato are...
August 22, 2010
LEHMAN TWP. – The Northeast Pennsylvania Citizens in Action Group got a little help from their friends Saturday at their first ever Gas Stock concert and rally.
August 22, 2010
Penn State will create the Marcellus Center for Outreach and Research, an education and research center to focus on the growing natural gas industry.
August 20, 2010
SCRANTON – U.S. Sen. Robert Casey returned to his hometown Thursday to extol...
August 18, 2010
As the flow of the Susquehanna River and its tributaries...
August 18, 2010
PITTSBURGH — City Councilman Doug Shields will introduce a bill next month that would ban corporations from drilling for natural gas in the city.
August 18, 2010
With natural gas drilling beginning in Luzerne County...
August 18, 2010
HARRISBURG — The state’s Department of Environmental Protection has fined a natural gas drilling company nearly $100,000 for a wastewater spill that contaminated a southwestern Pennsylvania watershed.
August 17, 2010
LEHMAN TWP. -- Despite negative feedback in recent months from...
August 17, 2010
An energy company is on track...
August 16, 2010
SCRANTON — State conservation officials in Pennsylvania have...
August 13, 2010
State Rep. Phyllis Mundy is seeking support from House members for more stringent ....
August 13, 2010
August 13, 2010
SCRANTON – Two of the biggest names in the debate over regulation of gas drilling in the Marcellus Shale region are headlining an educational public forum at Marywood University next week.
August 12, 2010
Jerry Reisinger said his Iroquois ancestors were commissioned by the creator to protect...
August 10, 2010
Experts trained to deal with catastrophic events at natural gas wells now will be stationed 24 hours a day, seven days a week in Pennsylvania.
August 7, 2010
SCRANTON – In order for Johnson College to keep up with the future of Pennsylvania’s industries, the technical school has gone back to its past.
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