Marcellus Minutes is a subscription-based newsletter sent to all subscribers registered through the Marcellus Minutes website that contains information on legislation including bill tracking, committee hearings and news from the Capitol in Harrisburg. Access to the website is free and provided to those directly involved and those with an interest in Pennsylvania’s oil and gas industry.

Marcellus shale could be a boon or bane for land owners

When CNX Gas Corp. was spun out of Consol Energy Inc. in 2005, the infant company began life as a coalbed methane producer with tens of thousands of acres of land. Only later did it realize it held 161,000 acres that could produce natural gas from the sprawling geographical formation called the Marcellus Shale.

Not having to sign a lease or to pay third parties for the right to drill that acreage gave CNX Gas a nice start on its move into shale, but the company has moved aggressively to bulk up. CNX Gas now holds lease rights to the gas underlying 250,000 acres, and is aiming for 400,000, said spokeswoman Laural Ziemba.

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