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New Research Finds PA Lease Deals Not Tied to Well Productivity

Purely by happenstance, we stumbled across an interesting "working paper" published by the National Bureau of Economic Research. The paper (we'd call it a study) is titled "Negotiations of Oil and Gas Auxiliary Lease Clauses: Evidence from Pennsylvania’s Marcellus Shale" (full copy below), first published in December but subsequently updated in January. Researchers scanned and

Detailed text transcripts for TV channel - FOXNEWS - 20120615:13:38:00

years ago still begs the question why? diana vaughn has been a county commissioner for 17 years. unemployment she argues is better than most. 6.7% last month. well below the national average. the recession really hasn t had a huge impact on washington county. we re third in the nation in job growth. 40% of that due to a marcellus shale play. bill: the marcellus shale, a giant formation of sedimentary rock that covers new york, pennsylvania, west virgina and ohio. and washington county sits in the very heart of it all. mining this play for oil and natural gas has made this county a mini boomtown. that is a natural gas platform. it drills 9,000 feet below to the marcellus shale. the government says there is enough natural gas in that shale to power all of america s needs for six years. companies locally argue that

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