News junkies maybe not
Anyway... the interactive map of oil and gas leasing in Allegheny County is still up if you want to poke at it yourself. Everyone can find the leased parcel closest to them if you tried.
More general on Marcellus issues. The Atlantic has the in-depth piece of the week: Can the Fracking Industry Self-Regulate? Also, Marketwatch has some key points on Consol Energy's decision to sell away a lot of its Marcellus Equity. Inky has: Is Gas-Drilling industry sucking PA's creeks dry? And from Centre County here in PA a cautionary tale of negotating with the land man. What did they get for leasing their land in this big Marcellus boom? $125 and acre. Total net over the last 4.5 years probably does not pay a single years cost for a single teacher. Who is to say that in the future looking back the leases being signed today don't look equally ill-informed on the part of consumers? We need a statewide crowdsourcing project to find the landowner who signed the lowest valued Marcellus Shale lease. Folks quote that $3/acre number. Is that for real, and is that the lowest? Yes, I know there is a state minimum on royalities landowners have to get. Some might thing that an overbearing bit of regulation, but I wonder what royalites people would be accepting if not for state law that prevents anything too low from being valid.
More marcellus.... The Cleveland Plain Dealer has the most economically fascinating little story about Ohio, which even though everyone thinks it is about to be hit by the gas development wave, is actually at an all time low for gas drilling within the state. To be precise, the lowest level of activity since 1887. The cause it says is low natural gas prices causing drop in drilling by half in just the last couple years. So what is the cause of that natural gas price drop?? No time to get into the general equilibrium discussion at the heart of that, but think 2nd order effects to begin with. It's really an important little story in lots of ways. Some of the impact studies like to throw in the benefit consumers see from lower natgas prices if they can be attributed to Marcellus development. Fair enough if you do it right, but is not another indirect impact the lower employment/impact of non-Marcellus drilling also to be factored in if you are doing that comprehensive a report?