Gas Company Has Ambitious Plans For Potter County Drilling

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Officials from one of the gas companies planning to drill into the Marcellus Shale formation held a meet-and-greet session in Potter County this week for emergency service providers and community leaders. Penn Virginia Corporation will be one of the bigger players in the region, with ambitious plans for gas production in townships surrounding Coudersport, including a major lease of state forest land. Penn Virginia submitted the high bid of $13.9 million on 3,640 acres in Eulalia and Roulette townships, north and west of Coudersport. The state will also receive 18 percent of production royalties. During the same round of state forest land leasing, Seneca Resources of Houston, Texas, was high bidder on 7,440 acres between Denton Hill and Fox Hill, offering $23.3 million.