Marcellus Shale and Utica Shale Development Projects
Marcellus Shale and Utica Shale Development projects, relate to extracting minerals from land located in eastern North America. The Marcellus Shale and Utica Shale both consist of rock formations buried deep under parts of eastern North America. Currently Marcellus Shale and Utica Shale formations locations include Pennsylvania, New York, Ohio, Maryland, Kentucky, Tennessee, West Virginia, and Quebec. The Macrellus Shale starts at the surface and ends after approximately 9,000 feet. The Utica Shale is a few thousand feet below the Marcellus Shale. These rock formations contain large amounts of crude oil, and natural gas and liquids distributed within the cracks and pores.
Whereas, the US Geological Survey’s unfound resource estimates show, the Marcellus Shale has 84.198 billion cubic feet of natural gas. In addition to the Marcellus Shale holding 3.379 million natural gas liquids. While the Utica Shale contains natural gas (782 trillion cubic feet), oil (2 billion barrels), and liquids (208 million barrels). Although, firms drilled these shales for over 50 years, new technology upgrades, including deep drilling created better profitability opportunities. Also, recently many new resources firms opened to extract other minerals from their Marcellus Shale and Utica Shale development leases. These firms leased thousands of acres, while working directly and almost exclusively with the parcel land owners.
Cornerstone Guides You Through the Governmental Approval Process
Winning approvals from the many town, county, state, health, and environmental agencies, imposes a long complex process. In Pennsylvania, Department of Environmental Protection, Delaware and Susquehanna River Basin Commissions, control Marcellus Shale and Utica Shale development projects. While preparing a Marcellus Shale and Utica Shale development well, the driller first pumps water and sand into the well. The high pressure mix cracks the shale and props its cracks open. Some water returns to the surface with the extracted materials while the remainder stays deep underground, absorbed inside the shale. The Marcellus Shale and the Utica Shale both remain isolated from the water table. The parties operating the site must identify the location for water treatment and storage.
Most noteworthy, the majority of land over the Marcellus Shale and Utica Shale consists of undeveloped rural acreage. Many counties, especially in Western Pennsylvania, desire to prevent suburban sprawl and large to medium scale residential and business development. Many of these communities’ desire to preserve their unique character and firmly oppose strip malls, plus, multi-level and unit dwellings.
Cornerstone supports these rural land owners and knows many belonged to their communities for decades. These persons desire more income to provide for their families while also preserving their town’s unique character. We also work with all parties involved in Marcellus Shale and Utica Shale development projects for the best possible outcomes. Moreover, many counties funded land preservation easement deed trusts. Essentially, the county, will pay the land owner a monthly fee so no large-scale development takes place on the property. Yet, these agreements, usually pay owners while allowing them to build homes, remove shale minerals, farm, hunt, and harvest timber.
Experience For Your Marcellus Shale and Utica Shale Development Project
Cornerstone therefore brings value to our clients by helping navigate these complex laws, environmental regulations, zoning rules, and ordinances. First, we start with land design, then the application, while also identifying potential tenants, handle negotiations, compliance, and aid growth. Our firm also has experience handling land preservation easements, and Marcellus Shale and Utica Shale development properties. Because Marcellus Shale and Utica Shale development could benefit you get all the benefits possible by contacting Cornerstone immediately. Additionally, we will work tirelessly to get you the best deal possible for your assets.
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