geologyMcAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Geology News
Earth Science Current Events


Chesapeake to Drop New York Leases?
August 14, 2013 | Reuters

Chesapeake Energy has been sitting on thousands of acres of natural gas leases in New York without the ability to drill. The company could be walking away from those leases as they expire instead of renewing them.


  Related Stories

Zero Demand for Natural Gas Leases in New York
September 11, 2013 | Bloomberg.com
An article on the Bloomberg website tracks Chesapeake Energy's natural gas activities in New York, from acquiring their first leases in 2000 for a few dollars per acre to walking away from the state and leaving their investments behind.

$12,000 Per Acre for Utica Leases
August 22, 2013 | NASDAQ.com
Aubrey McClendon, former CEO of Chesapeake Energy, and current head of American Energy Partners, is making big bets on the Utica Shale in southeastern Ohio, paying over $12,000/acre for leases. Related: What is the Utica Shale?

Should Royalty Owners Be Paid for Flared Gas?
February 4, 2014 | NPR
An energy company leases your land and starts drilling a well. The well starts flowing oil and natural gas. The oil can be collected and hauled away in trucks but dealing with the natural gas when there is no nearby pipeline is a nuisance. So instead of shutting the well in and waiting on pipeline the energy company decides to flare the gas and sell the oil. That wastes gas that the royalty owner might have been paid for. Natural gas is being flared from so many places on this planet that you can see it from space.


We are constantly looking for interesting items related to geology and general science. When we find something interesting we share it here. Bookmark this page and visit often. You can also receive our news for free by RSS feed or email. We publish updates three or four days per week.





© 2005-2013 Geology.com. All Rights Reserved.
Images, code and content of this website are property of Geology.com. Use without permission is prohibited. Pages on this site are protected by Copyscape.