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The lease expires after the primary term, unless drilling or oil and gas production has started on the lease. If production is established, the lease will remain in effect past the primary term, as long as the lease continuously produces oil or gas. The lease can however, be revived by virtue of delay rentals.
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EQT Corporation is an American energy company engaged in hydrocarbon exploration and pipeline transport.It is headquartered in EQT Plaza in Pittsburgh, Pennsylvania.. EQT is the largest natural gas producer in the Appalachian Basin [2] with 19.802 trillion cubic feet equivalent of proved reserves across approximately 1.8 million gross acres, including approximately 1.5 million gross acres in ...
Marcellus gas production has lowered the price of natural gas in the Mid-Atlantic states of the US, which previously were almost entirely dependent on gas pipelined in from the US Gulf Coast. From 2005 through 2008, wholesale gas prices at Mid-Atlantic states were $0.23 to $0.33 per million BTU above prices of the main Gulf Coast trading point ...
United Refining Company distributes its oil through its line of owned-and-operated convenience stores, totaling approximately 375 throughout upstate New York, Pennsylvania, and Northeast Ohio. The stores operate under the names Kwik Fill, Red Apple, or Country Fair. Many Kwik Fill locations, like the one in the photo above, are full-service ...
A Keystone Marker, with an atypical color scheme, in North East. North East is a borough in North East Township, Erie County, Pennsylvania, United States, 14 miles (23 km) northeast of Erie. Its name from its position in the northeastern corner of Erie County, despite being near the extreme northwest of Pennsylvania.
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Owning mineral rights (often referred to as a "mineral interest" or a "mineral estate") gives the owner the right to exploit, mine, or produce any or all minerals they own. Minerals can refer to oil, gas, coal, metal ores, stones, sands, or salts. An owner of mineral rights may sell, lease, or donate those minerals to any person or company as ...
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