Browner Touts Natural Gas! Pinkerton Tells Us What A Shale Acre Is Worth!
I have never seen these quotes before.
“Taking advantage of the new natural gas finds, the shale finds, would be an important piece of how we begin to break our dependence on foreign oil,” Carol Browner, President Barack Obama’s senior energy adviser, told a Washington audience in April.
Range CEO John Pinkerton says he got a bargain when his company paid $1,000 an acre for Marcellus drilling rights near Pittsburgh starting in 2004. India’s Reliance paid 14 times more in April, a price Pinkerton says he wouldn’t consider.
“If I sold today for $14,000 an acre, I’d be selling for a quarter of what it’s worth,” Pinkerton told investors in April.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a28NMApkl.R...
“Taking advantage of the new natural gas finds, the shale finds, would be an important piece of how we begin to break our dependence on foreign oil,” Carol Browner, President Barack Obama’s senior energy adviser, told a Washington audience in April.
Range CEO John Pinkerton says he got a bargain when his company paid $1,000 an acre for Marcellus drilling rights near Pittsburgh starting in 2004. India’s Reliance paid 14 times more in April, a price Pinkerton says he wouldn’t consider.
“If I sold today for $14,000 an acre, I’d be selling for a quarter of what it’s worth,” Pinkerton told investors in April.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a28NMApkl.R...
Views: 13
Replies to This Discussion
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Permalink Reply by Cheerleader on
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Alongview;
More great news from the Obama camp.
Lets see.....$14,000x4 can it be????? $56,000.00 an acre. I can hear the responses as I type!!!
Great post
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Permalink Reply by Bobi Carr ("parker") on
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Cheerleader,
I'll sell you all you want to buy at $56,000.00
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Bobi Carr,
Contact "India's Reliance" and don't shoot the messenger!!!!
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