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September 9, 2010 Marcellus boom makes state man multimillionaire NEW MARTINSVILLE, W.Va. -- The rush to tap the Marcellus shale natural gas field has made one West Virginia landowner a millionaire -- 22 times over. By The Associated Press The Associated Press AdvertiserNEW MARTINSVILLE, W.Va. -- The rush to tap the Marcellus shale natural gas field has made one West Virginia landowner a millionaire -- 22 times over.
Ed Broome, who owns an oil and gas company of his own in Glenville, says Chesapeake Energy offered him $22 million for 22,000 acres of oil and gas rights in Wetzel County.
Broome told The Intelligencer of Wheeling he knew it was a good deal. He didn't pay anything close to that in the mid-1990s.
Broome's land is on 250 plots stretching from New Martinsville to the borders of Marion and Monongalia counties.
Oklahoma-based Chesapeake says it won't comment on deals it makes.
Broome, who lives in Glenville, says it was just the right time to sell.
I want to point out that if you want to keep up with them most current marcellus shale news, I have several news feeds going into http://www.marcellus-wv.com/ . This includes Yahoo News, a customized feed I programmed for WVSORO to pickup their news items from their site, and our own news items. I knew about this article that Frank is sharing even before he did. :)
-Jonathan
On 9/10/2010 10:49 AM, Frank Young wrote:
September 9, 2010 Marcellus boom makes state man multimillionaire NEW MARTINSVILLE, W.Va. -- The rush to tap the Marcellus shale natural gas field has made one West Virginia landowner a millionaire -- 22 times over. By The Associated Press file:///C:/Program%20Files/Common%20Files/Microsoft%20Shared/Stationery/contact/jroznfgre+nc+bet+return=/News/201009090256 The Associated Press Advertiser
NEW MARTINSVILLE, W.Va. -- The rush to tap the Marcellus shale natural gas field has made one West Virginia landowner a millionaire -- 22 times over.
Ed Broome, who owns an oil and gas company of his own in Glenville, says Chesapeake Energy offered him $22 million for 22,000 acres of oil and gas rights in Wetzel County.
Broome told The Intelligencer of Wheeling he knew it was a good deal. He didn't pay anything close to that in the mid-1990s.
Broome's land is on 250 plots stretching from New Martinsville to the borders of Marion and Monongalia counties.
Oklahoma-based Chesapeake says it won't comment on deals it makes.
Broome, who lives in Glenville, says it was just the right time to sell.
http://www.wvgazette.com/News/201009090256
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Jonathan Rosenbaum