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226 acres in Chemung County, New York

$1,356,000 226 Acres
Property ID 1153449


Don't miss out on this INVESTMENT OPPORTUNITY! Two contiguous UNLEASED parcels of land totaling 226 acres located in core natural gas area in south east Chemung County, New York. Seismic tested in 2007. Unitized and marked for deep well in 2008 by Chesapeake, but never drilled. Chesapeake stopped drilling deep wells and started drilling the Marcellus Shale in 2008. Property sits between two exploratory Oriskany wells; the Kinsman (4,042 feet deep) one half mile to the north; and the Sullivan (4,375 feet deep) two miles to the south. The Oriskany formation sits just below the Marcellus shale. These wells were drilled by Chesapeake in 2008 and capped. Chesapeake then applied for 8 drilling permits for the Marcellus formation, 3 to 7 miles north and north west of the property, in and around the existing deep wells, with a planned total depth of 3,775 feet. Property has stacked play including but not limited to the Marcellus, Oriskany, Utica, Trenton Black River and Theresa formations. Marcellus depth is 3,500 - 4,000 feet with a thickness of 125-150 feet. Property is being sold with 100% of the gas, oil, mineral, sub-surface, hydrocarbon & timber rights included. Property is located outside of both primary and principle acquifers and only 4 miles from the millennium pipeline. Surrounding properties leased to Chesapeake, Talisman Energy and East Resources. Property is located 6.5 miles from Route 17/86 and Bradford County, Pennsylvania. Property is located 4 miles from Tioga County, New York. Secluded Valley with approximately 40 acres of level meadow. Water on property. Gated Road. No year round residents.

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