Pennsylvania and Ohio have recently been hit with a wave of leasing frenzy caused by the
Marcellus and
Utica shale. The natural gas drilling activity has caused lease rates to be raised from several dollars per acre to several thousand dollars per acre. This new upsurge has created a number of questions and concerns for landowners.
The competitive environment of Natural Gas leasing requires current knowledge and information regarding gas leasing values and the legal terms associated within the industry. Leasing is a serious market. Negotiating a gas lease requires significant understanding of the market and direct involvement as the values being offered to acquire a lease will constantly change. It also requires knowledge of oil and gas law, which is necessary in advising our clients on lease terms.
Northeast Natural Resource Advisory Board, Inc. was founded for all of these reasons, to independently represent the landowners within these booming regions. Northeast can and will be extremely helpful for you and your family. By building land groups and increasing acreage is the best way to create leverage for the landowners. This is our specialty in which Northeast has a proven system. By taking that land mass leverage and utilizing some of the most prestigious oil & gas attorneys for the negotiating, lease language and the lease review process is the Northeast difference.
Leasing your natural gas rights is a very important long-term decision. We are the leader in negotiating and or renegotiating Natural Gas Leases and our clientele receive what they are owed. Don’t you want early retirement? Wouldn’t a summer home be nice? Maybe send your kids through college, whatever it may be, you may be leaving thousands to millions of dollars on the table and these companies are continuing to benefit from it. Northeast’s proprietary system was put in place for your needs. Don’t try to do this alone. A phone consultation will only take minutes.
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What They Don’t Want You to Know
The Marcellus Shale Formation and
Utica Shale Formation is the second largest Natural Gas deposit in the world. Only second behind the formation located in Iran. Together they just may be the largest, only time will tell.
Why You Should Not Trust a Gas Company’s landman
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What’s all the Talk About
The Marcellus Shale, also referred to as the Marcellus Formation, is a Middle Devonian-age black, low density, carbonaceous (organic rich) shale that occurs in the subsurface beneath much of Ohio, West Virginia, Pennsylvania and New York. Small areas of Maryland, Kentucky, Tennessee, and Virginia are also underlain by the Marcellus Shale.
The Marcellus Formation contains large natural gas reserves which makes it an attractive target for energy development.
See the map
The Utica Shale is a rock unit located a few thousand feet below the
Marcellus Shale. It also has the potential to become an enormous natural gas resource. The Utica Shale is thicker than the Marcellus, it is more geographically extensive and it has already proven its ability to support commercial production for natural gas exploration. The potential source rock portion of the Utica Shale is extensive. In the United States it underlies portions of Kentucky, Maryland, New York, Ohio, Pennsylvania, Tennessee, West Virginia and Virginia. It is also present beneath parts of Lake Ontario, Lake Erie and part of Ontario, Canada. This geographic extent of potential Utica Shale source rock is shown on the map linked below. If the Utica is commercial throughout this extent it will be geographically larger than any natural gas field known today.
See the map