A Web-based seminar presented by Penn State Extension’s Marcellus Education Team will focus on the calculation of natural gas royalties using decline curve projections.
The one-hour presentation, which begins at 1 p.m. April 17, will feature James Ladlee, associate director of the Penn State Marcellus Center and director of special initiatives for the University’s Shale Training & Education Center. He will discuss his research on developing a tool using decline curves for Pennsylvania that helps to determine well revenues.
“With nearly 4,000 horizontal shale wells reporting production in Pennsylvania, we now have a clearer picture of possible cumulative production, potential royalty estimates and current spatial differences in unconventional shale production across the state,” he said. “This Penn State version of a royalty calculator and production tracker will be released soon.”
Mineral owners, landowners, professional services and the general public are interested in determining financial revenues from gas wells, Ladlee pointed out. Royalty calculators based on well data from other shale plays, such as the Barnett formation, were commonly used to determine these revenues.
“But Marcellus well data is unique,” he said. “With the high number of wells, there is enough data to provide more accurate royalty calculations.”
Penn State Extension’s Marcellus Education Team provides webinars at least monthly on a variety of topics. Upcoming webinars include the following:
— May 8: “Macroeconomic Impacts of LNG Exports from the United States,” based on the recently released report, Sugandha Tuladhar, vice president, NERA Economic Consulting. (special webinar)
–May 15: “World Oil and Gas Resources, Consumption, and New Trends, According to U.S. EIA,” presented by Aloulou Fawzi, industry economist and project manager for the Energy Information Administration, U.S. Department of Energy.
–June 19: Utica and Point Pleasant — Where are We Now?”, Manuj Nikhanj, managing director, head of energy research, ITG Investment Research.
The webinars are free, but participants must register on the events page of the Penn State Extension Natural Gas Web site .
The site also offers information about upcoming webinars.
Previous webinars, publications and information also are available on the Penn State Extension natural gas Web site, covering a variety of topics, such as natural gas production and waste figures; oil and gas best practices; Act 13 (Pennsylvania’s oil and gas law); the volume of gas in shale formations under Pennsylvania; seismic testing; air pollution from gas development; water use and quality; natural gas liquids regional development; royalties; gas-leasing considerations for landowners; gas pipelines and right-of-way issues; legal issues surrounding gas development; the impact of Marcellus gas development on forestland; gas pipelines and pipeline project trends; reclamation of cuttings from the drilling of Marcellus Shale natural gas wells; and how ongoing shale-gas development across the state is affecting land and property values.
For more information, contact Carol Loveland at 570-320-4429 or by email at cal24@psu.edu.