The news from the PA Energy Games was the announcements from Shell last week about it Gee and Neal wells in Tioga County, PA. With the increased activity from Shell in the form of RFP’s, many people wondering how many rigs Shell will be bringing into PA. I heard a rumor that it will be bringing five (5) rigs next month. We’ll have to wait and see on that rumor.
There is also considerable excitement about Shell with its purchase of the Ultra leases. Shell representatives have told local businesses that the Ultra purchase strongly positions for significant growth in the Marcellus Shale.
The purchase of Shell leases is seeing a pick up activity at Rex also. We’ll be looking to see in Rex brings more rigs into PA.