Pa. Farmers Hope for Natural Gas Windfall
April 112010
PlusPa. Farmers Hope for Natural Gas WindfallPa. Farmers Hope for Natural Gas WindfallThe Associated PressFarmers in Northeast Pennsylvania are leasing their land to natural gas companies and hoping for a multi-million dollar windfall. (July 14)((Susquehanna County, PA)) NATS: cow noises It may look like an ordinary Pennsylvania farm – but what lies beneath appears to be worth millions of dollars. NATS: rooster Before she realized the REAL cash cow on her farm, Elizabeth Downey put the land up for sale, needing money to keep the family afloat. ((Elizabeth Downey, Farm Owner)) “We needed the money to help raise this child.” But in what has become an everyday occurrence here, a better offer came her way. NATS: natural gas well being drilled She leased her property to a natural gas company, and stands to make millions of dollars over the next several years in royalties. NATS: rooster crowing. There’s a land rush underway here. Just over two years ago “land men,” many from Texas; started leasing mineral rights from landowners here for as little as two dollars an acre. Now, the going rate has skyrocketed to 2 thousand, 500 dollars an acre, for a five year lease. ((Tom Murphy, Penn State University)) “You have whole communities that have essentially won the lottery, because of these lease payments.” Tom Murphy is an agriculturalist from nearby Penn State University. “This is a huge mineral resource that’s coming to market at a time the market is asking for more and more gas. There is really no land for sale any more. In about the last six to eight months any land that came to the marketplace has disappeared.” The source of the fuel, and thus the wealth, is a 300-million year old land formation called the Marcellus Shale that stretches from West Virginia to upstate New York. ((Ted Shaffrey, The Associated Press)) ((Susquehanna County, PA)) “Geologists have known for more than a century that the thick, hard shale here contains lots of natural gas. “But it wasn’t until now that it made economic sense to go deep underground and unlock it in large quantities. “New drilling technologies and rising fuel costs have changed all that. “But here in Northwestern Pennsylvania, the natural gas market is purely speculative. “Not even one cubic foot has been extracted and brought to market. Yet.” NATS: tractor Ted Barbour stands to make 15 percent of all the natural gas mined from his family farm – if it produces. “Hope changes a lot of things, and there’s a lot of hope here this is going to be a big thing. But that’s tempered with the fact they haven’t put a pipeline in yet.” Gas companies and others have plans to build a pipeline from these farmland wells into the huge markets of New York City, Philadelphia and other densely populated areas in the northeast – by the end of this year. Lester Greevy and Dale Tice are attorneys who broker deals between land owners and oil companies – and business is good. ((Lester Greevy, Lawyer)) “Just the energy crunch created a perfect storm.” ((Dale Tice, Lawyer)) “Who knows how high the prices are going to go? A lot of certainty and a lot of excitement right now.” Geologists speculate some of these prospect wells may produce up to three million cubic feet a day of natural gas. Ted Shaffrey, The Associated Press, Susquehanna County, Pennsylvania
Duration : 0:2:59
Another TurnHere.com and YellowPages.com Company Highlight i filmed and edited.
I talk about leasing your surface rights 2 Oil and Gas companies..
http://www.ntv.co.ke
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BusinessPa. Farmers Hope for Natural Gas WindfallPa. Farmers Hope for Natural Gas WindfallThe Associated PressFarmers in Northeast Pennsylvania are leasing their land to natural gas companies and hoping for a multi-million dollar windfall. (July 14)((Susquehanna County, PA)) NATS: cow noises It may look like an ordinary Pennsylvania farm – but what lies beneath appears to be worth millions of dollars. NATS: rooster Before she realized the REAL cash cow on her farm, Elizabeth Downey put the land up for sale, needing money to keep the family afloat. ((Elizabeth Downey, Farm Owner)) “We needed the money to help raise this child.” But in what has become an everyday occurrence here, a better offer came her way. NATS: natural gas well being drilled She leased her property to a natural gas company, and stands to make millions of dollars over the next several years in royalties. NATS: rooster crowing. There’s a land rush underway here. Just over two years ago “land men,” many from Texas; started leasing mineral rights from landowners here for as little as two dollars an acre. Now, the going rate has skyrocketed to 2 thousand, 500 dollars an acre, for a five year lease. ((Tom Murphy, Penn State University)) “You have whole communities that have essentially won the lottery, because of these lease payments.” Tom Murphy is an agriculturalist from nearby Penn State University. “This is a huge mineral resource that’s coming to market at a time the market is asking for more and more gas. There is really no land for sale any more. In about the last six to eight months any land that came to the marketplace has disappeared.” The source of the fuel, and thus the wealth, is a 300-million year old land formation called the Marcellus Shale that stretches from West Virginia to upstate New York. ((Ted Shaffrey, The Associated Press)) ((Susquehanna County, PA)) “Geologists have known for more than a century that the thick, hard shale here contains lots of natural gas. “But it wasn’t until now that it made economic sense to go deep underground and unlock it in large quantities. “New drilling technologies and rising fuel costs have changed all that. “But here in Northwestern Pennsylvania, the natural gas market is purely speculative. “Not even one cubic foot has been extracted and brought to market. Yet.” NATS: tractor Ted Barbour stands to make 15 percent of all the natural gas mined from his family farm – if it produces. “Hope changes a lot of things, and there’s a lot of hope here this is going to be a big thing. But that’s tempered with the fact they haven’t put a pipeline in yet.” Gas companies and others have plans to build a pipeline from these farmland wells into the huge markets of New York City, Philadelphia and other densely populated areas in the northeast – by the end of this year. Lester Greevy and Dale Tice are attorneys who broker deals between land owners and oil companies – and business is good. ((Lester Greevy, Lawyer)) “Just the energy crunch created a perfect storm.” ((Dale Tice, Lawyer)) “Who knows how high the prices are going to go? A lot of certainty and a lot of excitement right now.” Geologists speculate some of these prospect wells may produce up to three million cubic feet a day of natural gas. Ted Shaffrey, The Associated Press, Susquehanna County, Pennsylvania
Recorded in Miami in 1969, this is a rare look at the band. Notice no drum kit. The seeds of Pacific Gas & Electric were sown in Los Angeles back in 1966 when self-taught guitarist Tom Marshall formed Bluesberry Jam, whose ranks included drummer Charlie Allen. Allen turned out to be such a fine vocalist that he ended up becoming the frontman; his drum chair was filled by Adolfo de la Parra in 1968. Later that year, de La Parra left to join Canned Heat, replacing Frank Cook who then joined Bluesberry Jam. After adding guitarist Glenn Schwartz and bassist Brent Block later in 1968, the group changed their name to Pacific Gas & Electric.Their first album, Get It On, was released by Kent in 1968, but failed to make much of an impact. However, following their appearance at the Miami Pop Festival in late 1968, Pacific Gas & Electric signed with Columbia, who released Pacific Gas & Electric in 1969. Their next album, Are You Ready, supplied their first hit, the title track, which made it into the Top 20 in the summer of 1970. Despite this success, all the bandmembers left, forcing Charlie Allen to build a new Pacific Gas & Electric around him. Enter guitarist Ken Utterback, bassist Frank Petricca, Ron Woods on drums, Jerry Aiello on keyboards, trumpet player Stanley Abernathy, sax players Alfred Gallegos and Virgil Gonsalves, and percussionist Joe Lala. Around this time, the Pacific Gas & Electric Utility Company asked the band to change their name, which was shortened to PG&E, also the title of their 1971 album. They also appeared in and provided music for the Otto Preminger film Tell Me That You Love Me, Junie Moon starring Liza Minnelli.After 1972 or so, PG&E basically turned into a solo Charlie Allen vehicle. They released Starring Charlie Allen on Dunhill in 1973, then called it quits.
from 24 soundtrack