From Rigzone.com.
For a number of these companies seeking to cash in, the big payoff never came. Plummeting natural gas
prices made acquiring acreage in a largely dry gas play much less
appealing. Speculators caught up in the initial rush to the Marcellus
found themselves saddled with overpriced leaseholdings that were not
generating income.
In the view of one long-time observer of U.S. oil and gas industry
trends, the "bubble" that characterized much of the activity in the
Marcellus in recent years has not burst per se. Rather, Raymond Schmaus
maintains the bubble has morphed into a more stable and predictable
environment that favors the long-term investor. The president of the
Pittsburgh-based oil and gas title abstract firm Armstrong Search
Associates, Inc. welcomes this change, which he said favors operating
companies looking to maintain a lasting presence in the Marcellus and
the overlapping, liquids-rich Utica shale formations.
Transferable to the Bakken? It just keeps getting more and more interesting. Go to the link for an interesting read --
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