NEOS GeoSolutions, Inc. today announced that it has delivered the final results of its integrated geological and geophysical study of the Marcellus and Utica unconventional shale plays in Venango County, Pennsylvania to the project’s underwriters. Results will be available to non-underwriters on March 15, 2013 following a ninety day waiting period.
In response to inquiries from Appalachian E&P operators, NEOS is looking to consolidate underwriting interest in several expansion options in the vicinity of Venango County. These include the Allegheny National Forest area and Butler, Clarion, Mercer, and Lawrence counties, all in Pennsylvania. Underwriting is expected to close on the expansion project(s) during the first quarter of 2013.