Quote:
Originally Posted by targa911S
We are in the heart of it here in western PA. Everybody with more than 5 acres has signed up. The money is flowing like water. shell has been giving $4K an acre to sign on a 5 year contract. When they drill the Utica they will get 16% shares of what gets pumped. When they go deeper, marcellius, they make even more. we call them "shalellionares" around here. I'm afraid of what the hunger for money from the farmers around here will do to everything around here. The profits will be huge as the plan from Govt. is to mandate all heavy transport, trains, trucks, etc convert to gas by something like 2017. I hear Halliburton is doing the conversions. Of course. They are saying we are sitting on the equivalent of 5 Saudi Arabia's here volume wise.
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Naw... PA isn't the heart of it... PA is where crews from here go when they have a slow week.
They do tons of fracking around here. My uncle works for a company that is developing soap based, enviromentally friendly chemicals for some of the processes.
I haven't heard a single one of those complaints around here either. I also know plenty of people that are getting $1mm +/yr in gas leases.
Chesapeake is supposedly fixing to start on 500 new gas wells in my county alone...