And now Pennsylvania | Arkansas Blog

Tuesday, April 8, 2008

And now Pennsylvania

Posted on Tue, Apr 8, 2008 at 6:46 AM

The New York Times reports that the shale-gas frenzy has spread from Texas, Oklahoma and Arkansas to Pennsylvania.  Triggered by the success of horizontal exploration in the Barnett Formation underneath Fort Worth and thereabouts, new drilling technology and spiking natural gas prices, energy companies like Chesapeake Energy, a big player in the Fayetteville shale, are madly gathering leases across Pennsylvania, where for a hundred years gas has been known to exist in the deep rock. The Marcellus Formation spreads from upstate New York to Ohio and south to West Virginia and may have 50 trillion cubic feet of recoverable gas. Oh, and Pennsylvania doesn’t have a severance tax — yet. See, they will all pick up their rigs in Arkansas and head east to avoid the tax, we'll soon hear.

Sign up for the Daily Update email
Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

Readers also liked…

  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016
  • LR Police Chief Buckner in running for Charleston, S.C. job

    KATV reports that Little Rock Police Chief Kenton Buckner is one of five finalists for the job of police chief in Charleston, S.C., and will be visit Charleston next week as part of the process.
    • Feb 2, 2018
  • Campus gun bill clears committee

    The so-called compromise amendment that will allow anyone 25 or older with a training certificate carry a concealed weapon on public college campuses was approved in a Senate committee this afternoon.
    • Feb 21, 2017

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation