Energy company Dominion leased an estimated 100,000 acres of the Marcellus shale in West Virginia to drill for natural gas. The company plans to expand its delivery of natural gas to two Ohio pipeline points that connect with the Texas Eastern pipeline in Mullet, Ohio, and the Rockies Express pipeline. Of the two natural gas producers that have secured drilling rights to Marcellus shale resources, Pittsburgh-based CONSOL Energy will be able to produce on almost 90,000 acres and West Virginia firm Triana Energy has leased 13,000 acres.
The agreement with CONSOL, which has rights to acres in Lewis and Harrison counties and Gilmer and Ritchie counties in West Virginia, could allow CONSOL to have access to more than 350 long lateral drilling locations at the Marcellus shale, West Virginia business newspaper The State Journal reported.
"This transaction reinforces CONSOL Energy's commitment to being a leading natural gas producer in the Appalachian Basin," CONSOL Energy Chairman and CEO J. Brett Harvey said in a news release. "These parcels represent what could be the largest untapped contiguous acreage in the southern core of the Marcellus shale."
CONSOL Energy has already paid 50 percent of its gas rights with the rest to come after drilling begins.