April 12, 2012
CONTACT: K.E. Schwab
Workshop explains Marcellus leases
SLIPPERY ROCK, Pa. – A workshop offering information concerning Marcellus shale gas leases and the rights of landowners will be presented at 6:30 p.m., April 18, in Eisenberg Classroom Building Auditorium.
The program is being offered by Slippery Rock University’s Sustainable Enterprise Accelerator as part of the University’s observance of Earth Week..
Leading the discussions will be Ian Oman, a University of Pittsburgh School of Law graduate, who has reviewed countless Marcellus shale gas leasing documents as part of his work for an oil and gas consulting firm, and John Golden, instructor in SRU’s School of Business, who teaches management and finance courses and is the School of Business’ entrepreneur-in-residence. Golden is also project director for SRU’s Sustainable Enterprise Accelerator and has practiced real estate law for 33 years.
The program is designed to help landowners understand lease arrangements being proffered by a variety of drilling-related companies throughout western Pennsylvania and surrounding regions.
Marcellus shale extends throughout much of Pennsylvania, as well as into Ohio, New York and West Virginia. Natural gas drawn from the shale is being touted as an alternative energy resource to oil – and gasoline. Estimates of recoverable natural gas trapped in the deep shale deposits have been as high as 500-trillion cubic feet.
It’s been estimated that up to 211,000 jobs directly and indirectly related to Marcellus shale will be created in the coming decade as drilling and recovery operations come to the commonwealth.
Among the topics to be covered at the SRU workshop are land ownership, surface, oil and gas, minerals, coal, dominant estate vs. servient estate leases, ownership relationships, tenants in common, joint tenants with rights of survivorship, rights of individuals with respect to the ownership relationship, changes in ownership relationship and landowner information.
The session will cover title research, deeds, oil and gas extraction, the history of conventional wells as well as horizontal drilling and hydrofracturing involved in shale.
Slippery Rock University is Pennsylvania’s premier public residential university. Slippery Rock University provides students with a comprehensive learning experience that intentionally combines academic instruction with enhanced educational and learning opportunities that make a positive difference in their lives.