The buying and leasing taking place in the Utica and Marcellus shale areas has had a positive affect on smaller, rust belt towns in Ohio. According to the ZanesvilleTimesRecorder, property is being snapped up due to its shale potential. Landowners in Zanesville, Ohio are banding together to lease their land at the best possible rate, and to receive royalties on drilling profits. Counties such as Muskingum, Coschocton, Licking, Perry and Morgan have such landowner groups being formed.
UticaMarcellus.com offers a platform for property owners to list their land and mineral rights for sale and lease, and is exclusively dedicated to land and mineral rights in the Utica and Marcellus shale region. By including information about zoning information, site plans and aerial photos, interested parties from around the world can view properties and contact owners to make offers on their land.
Monday, January 30, 2012
Utica & Marcellus Shale - The Potential Of Tapping In
There's been a frenzy of activity in the Utica and Marcellus shale zone. Almost daily, articles and reports on Utica or Marcellus Shale appear in the media. Why all the hype? Simply put, Utica shale alone has an estimated worth in the billions. Landowners in Ohio, Pennsylvania, New York and West Virginia may be sitting on a shale goldmine. Energy companies have taken great interest in the potential supply of natural gas trapped in the shale within these areas, and are competing to secure mineral rights and leases in order to harvest the gas.
According to geology.com, this map shows the geographic extent of what is suspected to be Utica shale source rock. Geologists believe this portion has the potential to yield natural gas.
Although the direct economic benefits to the Utica and Marcellus shale regions will consist primarily of royalties and lease payments, the development of these areas will have a positive impact on the local and national economies.
According to geology.com, this map shows the geographic extent of what is suspected to be Utica shale source rock. Geologists believe this portion has the potential to yield natural gas.
Although the direct economic benefits to the Utica and Marcellus shale regions will consist primarily of royalties and lease payments, the development of these areas will have a positive impact on the local and national economies.
About Us
UticaMarcellus.com is an online index of premium
industrial property listings in the Utica and Marcellus shale region.
UticaMarcellus fulfills the current need to aggregate these shale related
properties, and offers a platform for property owners to list land and mineral
rights.
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