Also, what obligation is there for them to provide information obtained during their recent survey?
Answer Dan, with natural gas and oil prices up like they are, companies are going after more expensive-to-get stuff than they were just a few years ago. It’s possible the request for a lease is due to the increase in activity to the south of you in the “Marcellus Shale” play. It costs more to get gas out of shale rock than it does to get it from other source rocks, but now that prices are up, its becoming economically feasible for companies to do so. It’s also possible that they’re after something called the ‘Trenton/Black River Formation” located in Yates County. Nearby discoveries by Fortuna Energy in the Trenton/Black River have yielded gas production in excess of 20 million cubic feet of gas per day, which is a lot for one well, or even a few wells to produce. Below is a link to an article about this particular play. Its a few years old, and a bit technical, but the info is good and there are a couple of maps which may be helpful. http://www.westernls.com/ny/TBR_Play.pdf The Marcel
