Marcellus Shale Drilling Goes International
As companies discover how lucrative the Marcellus Shale region has become, more and more are trying to buy a stake to the rights of the mineral-rich property. Reliance Industries Ltd., India’s largest private-sector company, has just acquired a 60 percent stake in 104,400 Marcellus acres in central and northeastern Pennsylvania.
Reliance, which has already invested $3 billion in the purchase of shale-gas assets in Pennsylvania, believes they could yield close to 3.4 trillion cubic feet of gas. They also anticipate drilling 1,000 wells in the area over the next decade.
Other international investors include companies from France, Norway and Japan.
If you are a property owner whose property has been harmed by natural gas exploration, talk to an attorney who is experienced in Marcellus Gas drilling issues. The attorneys at Munley, Munley & Cartwright represent victims who have been injured through no fault of their own, including those who have suffered personal injury and those who have been harmed through the loss of enjoyment of their property. Contact us at 1-800-318-LAW1 or submit a free online claim evaluation.
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