Per-Acre Bids Rise at Pennsylvania Sale

摘要

Escalating interest in the Marcellus Shale natural gas formation in Appalachia was illustrated last week with a successful lease sale on Pennsylvania state forest land that generated $128 million in high bids. Winning bidders included Seneca Resources with two tracts and Exco Resources, Perm Virginia Oil and Gas, Chesapeake and Anandarko with one tract each.