VIDEO LIBRARY

Our video library contains several educational videos to help you learn more about what we do at DPS Penn.


NEWSROOM

Industry/Company News

August 2010 - Pitt researchers map gas and oil leases in Allegheny, Pittsburgh
A "who's-who"of leaders in Pennsylvania's Marcellus Shale gas industry will convene in Pittsburgh on Monday for the Pennsylvania Marcellus Shale Policy Conference, already considered the most important forum on this "once in a generation" energy source.

The event will last from Monday, May 3, 9:00 a.m. through Tuesday, May 4, 4:00 p.m.

The Marcellus Shale formation is the largest unconventional natural gas reserve in the world and is considered a "super giant" natural gas field stretching across much of the Appalachian Basin. Pennsylvania is the location for vast Marcellus deposits, which are estimated to contain enough gas to meet the natural gas needs of the United States for at least twenty years. However, extraction of this gas poses a number of environmental challenges for private land owners, local communities, the gas industry and government regulators.

August 2010 - Chesapeake Hopes To Hire in the Valley
WHEELING - With well over 100,000 acres in West Virginia's Northern Panhandle leased for natural gas development, Chesapeake Energy now hopes to put some local residents to work. The company will hold a career information open house from 10 a.m. to 4 p.m. Wednesday at the PPG McKenna Shelter in New Martinsville. With property owners gathering lease payments of $5 per acre, $750 per acre or even as much as $3,600 per acre - and royalties set from 12.5 percent to 18.75 percent - Chesapeake continues pumping millions of dollars into the local economy. With local steel, aluminum and chemical plants facing uncertain futures, some residents may appreciate the chance to work for a company that has made such a large investment in the Upper Ohio Valley.
>>Read More.
May 2010 - Marcellus Shale Conference Set to Convene in Pittsburgh
Gas and oil drillers have access to 2,600 pieces of land in Allegheny County, signing more than half of those leases between January 2009 and May 2010, according to research released today by the University of Pittsburgh.

A team of graduate students from the University Center for Social & Urban Research spent six months sorting through county records and plotting every oil- and gas-drilling lease signed in the county since 2003. Drilling in the gas-rich Marcellus shale started a drilling boom throughout the state, but so far Allegheny County has only seven of about 4,000 Marcellus wells in the state...

April 2010 - Watch Out For This Gas Supply Game-Changer
Is U.S. natural gas production really going up, or is it flat or down, compared to 2008 and 2009 data? That's been the key question this year for producers, traders, speculators and end-users. With the lag in drilling last year, the sharp decline curves in the shale plays, and the overhang of uncompleted shale wells in second-half 2009, many people find it difficult to say.

Many analysts thought that production would start to decrease this year, thereby enabling prices to rise later in 2010.

The supply picture is cloudy due to many factors—but that may be about to change for the better.

April 2010 - League of Women Voters to host series on Marcellus Shale
MONTROSE - An educational series on Marcellus Shale will be hosted by the League of Women Voters at Montrose Area High School, with the first forum on Friday. The discussion will continue May 7. Both begin at 7 p.m.

The Susquehanna County chapter of the league has been reviewing the natural gas issue as part of a study.

April 2010 - Ending America's energy deficit
By ROBERTA COMBS & LARRY SCHWEIGER

America works best when Americans work together.

We have been encouraged in recent months by the bipartisan efforts in the Senate to break through the energy gridlock.

Now, though political divides threaten to stall progress, Congress must not turn aside from the continuing crisis.

America's energy policy is in a rut — and getting deeper by the day. Every 24 hours, we spend $1 billion dollars on imported oil — largely to nations that don't like us and put our sons and daughters in harm's way.

April 2010 - Democratic candidates for governor emphasize differences
By James O'Toole, Pittsburgh Post-Gazette

The Democratic campaign for governor has been a study in civil, muted tones. Three weeks before the election, the first negative ad has yet to be aired.

But the lack of rancor doesn't mean a lack of difference. In style and ideology, the four candidates have significant distinctions and occupy different points on their party's spectrum.

August 2009 - Energy company rep courts Jefferson Hills landowners
By Laura Van Wert
TRIBUNE-REVIEW NEWS SERVICE

Neighbors have heard more about a plan to drill for gas in Jefferson Hills.

Representatives from DPS Penn, which leases land for Chesapeake Energy, an oil and gas drilling company, spoke to residents at a meeting last week.

They didn't ask for landowners to sign agreements on the spot, but wanted to offer information about the company and give people time to consider it, said Chad Mackert, a DPS Penn representative.

"We want to let you kind of digest that over time. We're not making any offer to anyone tonight," he said. "We create relationships with the landowners and we want to build relationships with the community."

July 25, 2009 - Web site launched
DPS Penn is pleased to announce the launch of the new DPSPenn.Com. Working with Morgantown, WV-based design firm Asayo Creative, DPS Penn has established its new home on the World Wide Web. The new site combines a clean, professional aesthetic with an easy-to-navigate interface, designed to meet the needs of our growing numbers of clients. The new site contains much more information for parties interested in working with DPS Penn, along with an Education Center, a Video Library, a routinely updated news section and plenty of contact information that our visitors may need.
June 9, 2009 - Leaders Cite Opportunities from Marcellus Shale
Members of the Natural Gas Caucus, with the support of the Marcellus Shale Committee, brought a sampling of people to the Capitol today to discuss the economic success being realized in communities across the Commonwealth through the extraction of natural gas from the Marcellus Shale formation. Business executives, government officials and industry employees presented diverse perspectives on their experiences with this important economic and energy development opportunity.

Members of the Marcellus Shale Committee also brought a drill rig and a computerized van used in the fracture stimulation process for the public to view and tour.

"The Marcellus Shale story is being told in many counties, but it also needs to be told here in Harrisburg. It's a story of new jobs, economic investment, energy development and environmental stewardship," said State Rep. Tim Solobay (D-Canonsburg), co-chair of the House Natural Gas Caucus. "Washington County was the home to the first Marcellus Shale well almost five years ago. It has improved all aspects of the county's economy, and has great promise for decades to come."

"This is a great opportunity for Pennsylvania to become a leader in developing the clean-burning energy our nation needs, and it is being realized without government subsidies, tax-increment financing or other incentives that are too often required for economic development initiatives," said State Rep. Brian Ellis (R-Butler), co-chair of the caucus. "We need to support this industry by working with them on challenges such as water treatment technology and infrastructure investment, and not work against them by imposing a severance tax just as drilling activity is getting a foothold here."

Natural gas boost expected
The Energy Department will likely report a 106 billion- to 111 billion-cubic foot jump in natural gas reserves on Thursday for the week ended June 5, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

The Energy Information Administration releases its weekly report at 10:30 a.m. EDT.

A reading above or below estimates can influence market trading.