Understanding Legal Issues Related to Marcellus Shale by Ross H. Pifer

Understanding Legal Issues Related to Marcellus Shale Pennsylvania Association for Sustainable Agriculture Marcellus Shale Choices: Information to Action Series August 2011 Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

Pennsylvania Oil and Gas – The Early Years ,[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

Agricultural Law Resource and Reference Center Professor Ross H. Pifer

Source: PickensPlan.com Agricultural Law Resource and Reference Center Professor Ross H. Pifer

Marcellus Wells Drilled ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

Marcellus – acreage locations NY PA WV Legend APC / Mitsui Atlas COG CHK Chief / Enerplus CNX / CXG East Resources EnerVest EOG Epsilon EQT EXCO Hess / NFX NFG (Seneca) PDC Range Rex / Williams Samson Stone SWN TLM UPL XOM / XTO NJ OH MD DE Columbia Dauphin Perry Huntingdon Forest Northumberland Jefferson Warren Cameron Bedford Wayne Lackawanna Susquehanna Pike Potter Allegheny Washington Fayette Lebanon Lycoming Clearfield Somerset Westmoreland Elk Tioga Armstrong Centre Clinton Garrett Monongalia McKean Bradford Tioga Indiana Sullivan Mercer Butler Lawrence Greene Wetzel Marshall Doddridge DC Adams Berks Bucks Carbon Clarion Crawford Mifflin Beaver Chester Cumberland Erie Fulton Lehigh Luzerne Montour Philadelphia Snyder Cambria Delaware Franklin Lancaster Monroe Schuylkill Wyoming Montgomery Northampton Venango York Juniata Union Chemung Steuben Brooke Hancock Harrison Marion Ohio Preston Tyler Erie Taylor Berkeley Grant Hampshire Hardy Jefferson Lewis Mineral Morgan Pleasants Ritchie Tucker Wirt Wood Barbour Allegany Broome Cattaraugus Chautauqua Chenango Cortland Delaware Erie Livingston Otsego Schoharie Schuyler Sullivan Tompkins Ulster Wyoming Yates Blair Carbon Fulton Luzerne Monroe Montour Schuylkill Snyder Union Source: Credit Suisse, company filings, company presentations and Wall Street research . Antero Carrizo REXX Drilling Range Res. (RRC) 13 Rigs (6 spudder) IPs up to 26 MMcfe / d EQT: 30-Day Rates 15.8 MMcfe / d 14.3 MMcfe / d CXG: 30-Day Rates 1.6 MMcfe / d 0.8 MMcfe / d CHK: 3 rigs ATLS Drilled 17 Horizontals IPs: 3 - 10 MMcfe/d 170+ Verticals Avg IP: 2.2 MMcfe/d REXX Drilling Recent well: 3.3 MMcfe/d (14-day) XCO Drilling EOG / NFG JV: 2 rigs running NFG Drilling UPL: 2 rigs running IPs Avg: 7.5 MMcf / d Range: 3-4-10.4 MMcf / d TLM: 6 rigs running IPs: 2.3-6.0 MMcfe / d (30-day ) NFG (Seneca) 3 IPs: 5–10 MMcf / d 7 wells drilled APC: 3 rigs running RRC: 2 wells 13.5 MMcfe / d (7-day ) SWN Drilling CHK: 14 rigs Epsilon (EPS) CHK Farm-out CHK: 8.7 MMcfe / d CHK: 8.7 MMcfe / d CHK: 8.7 MMcfe / d COG: 5 rigs running Recent IPs: 2.6-16.1 MMcf / d CRZO vert activity ECA

Change in State Sales Tax Collections, by County Level Marcellus Drilling Activity July, 2007- June, 2010 Source: PA Department of Revenue ‘Statistical Supplements for the Tax Compendium Counties by Number of Marcellus Wells Between 2007 and December, 2010 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Change in Rights, Royalties & Patents- State Personal Income Tax Collections, by County Level Marcellus Drilling Activity, 2007-08 Source: PA Department of Revenue ‘Statistical Supplements for the Tax Compendium, Tim Kelsey - PSU Counties by Number of Marcellus Wells Between 2007 and 2008

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],Image by: Robert Milici and Christopher Swezey, 2006, Assessment of Appalachian Basin Oil and Gas Resources: Devonian Shale–Middle and Upper Paleozoic Total Petroleum System. Open-File Report Series 2006-1237. United States Geological Survey. The Oil and Gas Conservation Law does not apply to wells that do not penetrate the Onondaga horizon, meaning wells drilled into the Marcellus Shale generally are not covered by this law. Depth of Marcellus Shale Depth of Ondaga Horizon Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],Payment Terms Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],Rights Granted by Landowner Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],Mineral Estate vs. Surface Estate Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],Mineral Estate Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],Surface Estate Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],Surface Estate Limitations Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],No Surface Rights Lease Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],Protection Against Adverse Financial Events Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],Property Damage Provisions Agricultural Law Resource and Reference Center Professor Ross H. Pifer

Indemnification Provisions ,[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],Farmland Preservation Provisions Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],Storage Rights Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],Transportation of Foreign Gas Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],Considerations in Hiring an Attorney Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],Ownership of Mineral Estate Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],Rule of Capture Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Surface Impacts Generally Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],Mineral Estate vs. Surface Estate Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],Notification Requirement Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],Notification Requirement Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],Mineral Estate vs. Surface Estate Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],Agricultural Law Resource and Reference Center Professor Ross H. Pifer

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Understanding Legal Issues Related to Marcellus Shale by Ross H. Pifer

Recommandé

Recommandé

Contenu connexe

Similaire à Understanding Legal Issues Related to Marcellus Shale by Ross H. Pifer

Similaire à Understanding Legal Issues Related to Marcellus Shale by Ross H. Pifer (20)

Dernier

Dernier (20)

Understanding Legal Issues Related to Marcellus Shale by Ross H. Pifer

Notes de l'éditeur