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Drilling Down
How Oil and Gas Drillers Avoid Paying Royalties
Tuesday, August 13, 2013NEW YORK -- Don Feusner ran dairy cattle on his 370-acre slice of northern Pennsylvania until he could no longer turn a profit by farming. Then, at age 60, he sold all but a few Angus and aimed for a comfortable retirement on money from drilling his land for natural gas instead.
It seemed promising. Two wells drilled on his lease hit as sweet a spot as the Marcellus shale could offer – tens of millions of cubic feet of natural gas gushed forth. Last December, he received a check for $8,506 for a month’s share of the gas.
FrackFree Mahoning Valley Turns in Ballot Petitions
Monday, August 12, 2013YOUNGSTOWN, Ohio -- Anti-fracking activists this afternoon turned in petitions containing the signatures of 2,450 city voters, taking the next step to place the so-called “Community Bill of Rights” on the city’s Nov. 5 ballot.
The signatures they collected exceeded by nearly 900 the required number. The petitions were handed to the clerk of Youngstown City Council who, according to the city’s Home Rule charter, will then take the documents to the Mahoning County Board of Elections for certification.
EVEP Sells Utica Acres to Undisclosed Buyer
Saturday, August 10, 2013YOUNGSTOWN, Ohio -- EV Energy Partners and the EnerVest institutional partnerships it manages is selling 22,535 leasehold acres in three southeastern counties for $284.3 million, the Houston company announced Friday. The buyer was not disclosed.
The total acreage associated with the sale includes 22,535 acres in Guernsey, Harrison and Noble counties. Of that total, EV Energy Partners is selling 4,345 acres for approximately $56 million, net to its ownership interest. EV will retain its overriding royalty interests in these acres, the company said.
Bluegrass Pipeline Project Explained to Landowners
Thursday, August 08, 2013COLUMBIANA, Ohio – Residents of Mahoning and Columbiana counties last night grasped a better understanding of a massive pipeline project that is slated to pass through the Mahoning Valley, as representatives of Bluegrass Pipeline LLC held an informational event for the public.
"I have some property that the right-of-way of this pipeline goes right through," said Don Floding, a resident of Columbiana County. "The property's been in the family since 1903 and there's a forest there. It's only about 11 acres and I'd hate to see them break it up."