The Friendsville Group

6/20/2009 Friendsville Group Status Update

By now you may have seen announcements in the Press&Sun-Bulletin about NY Land Groups putting an offer in front of their membership. See more detail in the attached newspaper article:

http://www.pressconnects.com/apps/pbcs.dll/article?AID=/20090615/NEWS01/906150356&s=d&page=1#pluckcomments

You may see other NY Groups, Eastern Susquehanna County Groups, and Wayne County Groups putting the read more »

6/15/2009 June09 Susquehanna County Marcellus Production Results

See the attached Cabot report on the production results from their Susquehanna County Marcellus Wells. Note that their first wells are coming in with IP's (initial production rates) of between 6.4 and 9.0 MMcfpd. After 30 days these wells are producing between 5.3 and 8.3 MMcfpd and they are estimated read more »

6/12/2009 DRILLING DONE RIGHT - It is possible!

Broader View Weekly, April 3, 2009

http://www.tiogagaslease.org/images/BVW_04_03_09.pdf

The above article is a balanced view on both sides of the gas drilling issue. Most of the folks in the Friendsville Group have not yet signed leases because they are looking for a read more »

6/11/2009 STATE OIL AND NATURAL GAS REGULATIONS DESIGNED TO PROTECT WATER RESOURCES

The main purpose of the attached study is to identify, quantify, and assess the relative value of state oil and gas regulations. It does not evaluate the effectiveness of the individual state programs, address the implementation of the regulations, or monitor their enforcement. However, "if a regulation is formally approved, it constitutes a requirement read more »

6/11/2009 Modern Shale Gas Development in the United States: A Primer

The introduction to this attached document says that the objective of the report is to answer questions and decisions about how to manage the challenges that may accompany shale gas development. The Primer describes the shale gases contribution to the U.S.'s future energy needs, natural gases role in alternative energy strategies and reducing greenhouse gas emissions. The report provides read more »

6/9/2009 Friendsville Group Update

Gas Company Status:

In early May two Major Energy Companies formed a Joint Venture (JV) that was established to explore and develop the Marcellus Unconventional Shale for natural gas. One of these companies is based out of Western PA, has been involved in PA Oil and Gas for over 100 years read more »

5/28/2009 U.S. Natural Gas Boom: The Race to Tap Shale's Potential

See the attached article from Popular Mechanics about the renewed interest in Natural Gas from Shales. A quote says:

"If energy companies can overcome the current recession and start exploiting shale gas, the volume of these deposits has the potential to change energy policy, Engelder says. If gas companies read more »

5/13/2009 12May09 Friendsville Group Update

By now you have probably seen the excellent Marcellus Production results announced by Range, Cabot, and Chesapeake in their 1Q09 Operational Reports. See postings earlier on this website for the specific details.

In particular, Cabot's outstanding natural gas initial production rates and exceptional decline rates have served to further read more »

5/13/2009 Chesapeake's 1Q09 Marcellus Operational Results

Like Range and Cabot, Chesapeake recently announced very good operational results from the Marcellus Play in 1Q09. Below is an excerpt from their report that talks about Marcellus. Note that even at current Natural Gas prices Chesapeake is seeing a 38% rate of return.

"Marcellus Shale (West Virginia, Pennsylvania and New York): read more »

4/30/2009 Colorado passes improved Oil and Gas Rules

See the attached article on recent Colorado Oil and Gas Rules put in place to regulate the Oil and Gas Industry. We need to encourage our politicians to organize and get behind a movement to enact similar improved legislation for PA.

http://durangoherald.com/sections/Opinion/Editorial/2009/04/26/Gas_and_oil_rules/

Read all news articles »