QuakerOats;1039638 wrote:The deal is not to "take our natural gas", it is to become a partner in the development of the resource. Chesapeake by itself does not have the ability to completely develop the plays as aggresively as they would like, in fact they are reducing debt levels right now. Bringing in SA allows them to reduce some debt now and at the same time expand on the resource development at a faster pace. SA will get a signficant return on their investment regardless of who the end users of the gas are. There is, at least, over 500 trillion cubic feet of nat gas here --- that is almost an incomprehensible figure. If we play our cards right, this region will benefit in an enormous fashion for decades if not a century or more.

QuakerOats;1040025 wrote:http://marcellus.psu.edu/resources/drilling/index.php

good, basic video

Penn St has an entire department devoted to Marcellus -- great resource.

QuakerOats;1039638 wrote:There is, at least, over 500 trillion cubic feet of nat gas here --- that is almost an incomprehensible figure. If we play our cards right, this region will benefit in an enormous fashion for decades if not a century or more.

QuakerOats;1039630 wrote:The big derricks are only on site for a brief time period --- for the drilling etc, and then after the frack, the big equipment is removed. The gas will then flow into tanks and on to transmission pipelines. Not a lot of equipment remains and the footprint is relatively small. I think some have the misconception that these large platforms and derricks remain forever, that is not the case. All told, the sites I have seen look good and are well maintained. And the amount of natural gas being produced from some of the early wells is tremendous. Win/win for all.

I Wear Pants;1040296 wrote:Yeah, no one cares about this thing. The one I'm talking about was literally in the middle of a big field. I was just curious where all the shit went.

ts1227;1040298 wrote:Yeah, that one is in the middle of fucking nowhere.

I Wear Pants;1040674 wrote:AKA Homeworth.

Doverbuck;1040850 wrote:Schlumberger Limited will be locating in Strasburg, Schlumberger had revenues of 27.45 BILLION last year Schlumberger is an oil field service provider and will create several hundred jobs,Schlumberger will also create numerous spin off buisness. Wages at Schlumberger are 40-50,000 to start and benefits are in the top 10% of fortune 500 companies.

This is the 3rd major jobs story in about 7 days for Tusc county,and we have not yet begun to do much drilling,that will start around Feb or March.

Tiernan;1041132 wrote:Maybe NE Ohio will crack off and slide into Lake Erie. Be kinda nice to have some beach front property in Mansfield.

QuakerOats;1064103 wrote: And, I am hearing underneath all of this is the potential for mega oil - Black River oil.

Taking a drastic step to stem a glut of natural gas that has pushed prices down 45% in the last year, the nation's second-largest producer said it will slash gas drilling by nearly half.