Tuesday, July 26, 2011

Shale Gas - NY v. PA

Welcome to the Collaborative Revolution!

Below is an excerpt from and a link to an interesting article detailing some of the economic benefits of participating in a shale gas play.  The article focuses on the different apporach to the Martellus Shale Play by New York and Pennsylvania.

More than 2,000 wells have been drilled in the Keystone State since 2008, and gas production surged to 81 billion cubic feet in 2009 from five billion in 2007. A new Manhattan Institute report by University of Wyoming professor Timothy Considine estimates that a typical Marcellus well generates some $2.8 million in direct economic benefits from natural gas company purchases; $1.2 million in indirect benefits from companies engaged along the supply chain; another $1.5 million from workers spending their wages, or landowners spending their royalty payments; plus $2 million in federal, state and local taxes. Oh, and 62 jobs.

Read the whole thing

James L. Salmon, Esq.
Collaborative Construction
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