Tom Doggett (REUTERS)
WASHINGTON
Tue Feb 16, 2010 7:34am EST

WASHINGTON (Reuters) - The U.S. economy will lose $2.4 trillion over the next two decades if the federal government does not allow oil and natural gas drilling in restricted onshore lands and in offshore areas previously closed to energy companies, according to a new study released on Monday.

Read the rest here:
http://www.reuters.com/article/idUSTRE61B2R520100216

By OGJ editors
HOUSTON, Jan. 27 -- Gastem Inc., Montreal, found gas in one sand and two shales with good thickness at its first well in a planned drilling program on 35,000 acres in western New York.

The Ross-1 vertical well in Otsego County yielded gas from Ordovician Utica shale, Silurian Oneida sand, and Devonian Marcellus shale, the company said. TD is 4,950 ft. The three zones “will be the subject of extensive programs in the coming months,” the company said.

By Richard (Rick) Mills

As a general rule, the most successful man in life is the man who has the best information

Chesapeake Energy Corporation Secures New Pipeline Capacity to Expand Natural Gas Market in New York City Metro Area

Posted on : 2009-12-28 | Author : Chesapeake Energy Corporation
News Category : PressRelease

For those of you who think that the gas companies are pulling out, make sure you read this:

http://www.cisionwire.com/norse-energy-corp-asa/us-operational-update-2

FROM THE PRESIDENT OF NORSE ENERGY- HEAR WHAT IS COMING FROM THE UTICA AND MARCELLUS SHALE PLAYS

You have to hear this webcast if your short on time fast forward to about the 30 min mark on the webcast and he spells out what is coming for the Utica and Marcellus shale plays. He also tells everyone why and how critical it was for the company to stay quiet about the leased land.

and learns to love low gas prices.   GO TO:

http://www.fool.com/investing/dividends

DON'T THINK FOR A SECOND THAT NATURAL GAS IS DOWN FOR THE COUNT.....

http://www.energyandcapital.net/newsletter.php?date=2009-01-26

Everything you need to know about leases, legal options, Marcellus Shale, gas companies and more, plus a place for you to share information in forums and blogs.

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There is tons of information on this page...If you have a question, chances are it is there...Take the time to go through all the links for a terrific understanding of what is going on.

• enviormental issues
• Lease Information
• Legal
• oil and gas co. profits
• pipeline
• Questions and answers
• Uncategorized

http://shaleblog.com/2008/chesapeake-cuts-natural-gas-production-estimates/ Chesapeake Energy is looking for a 25% partner in its Marcellus Shale natural gas leases.  They are in discussions with multiple parties and anticipate a close to the transaction by the end of year.  More details in their news release.