CoreLogic® (NYSE: CLGX), a leading provider of information, analytics and business services, announced today development of a comprehensive suite of parcel, ownership and mineral lease information for exploration and production in the Marcellus Shale which combines the ParcelPoint® data layer from CoreLogic and Western Land Services lease layer and lease attributes.
The Marcellus Shale formation, which spans Pennsylvania, New York, Ohio, Maryland and West Virginia, contains largely untapped natural gas reserves and has become a targeted focus for energy development. Companies expanding exploration and production operations to the Marcellus Shale will benefit from having an integrated view of the parcel boundaries, surface and subsurface details for the area.
The proprietary Marcellus Shale Data Suite provides companies investing in the region with parcel and owner information covering 98 percent of the counties in the region through ParcelPoint; spatial mineral lease layer and lease attributes from Western Land Services, including current lessee, lease expiration data, royalty percentage and acreage; and dozens of property attributes, including mailing address, deeded acreage, legal description and recording information.
“By providing a top-down, granular view of property information, the Marcellus Shale Data Suite provides a solid understanding of geographic traits for the region,” said Scott Little, vice president and general manager for Spatial Solutions for CoreLogic. “Combining the most accurate and comprehensive parcel data and the most extensive mineral lease data allows us to offer these players an unparalleled view of the activity and opportunity in Marcellus.”
“There is such a focus on gas exploration now given what's going on with energy usage and an increasingly intense desire to develop domestic resources,” said John Wilson, president of Western Land Services. “This product is timely and will enhance efficiencies and results with exploration in the area.”
The Marcellus Shale extends throughout much of the Appalachian Basin and is estimated to contain between 168 trillion to 516 trillion cubic feet of natural gas throughout its entire geographic span. The Marcellus Shale Data Suite gives natural gas producers and exploration departments greater insight into the ownership and availability of potential gas reserves within the formation. In 2010, natural gas producers drilled more than 1,300 new wells in the region alone. In northeast Pennsylvania, the area believed to have some of the highest production potential, producers have already invested more than $4 billion in lease and land acquisition, new well drilling, infrastructure development and partnerships with local businesses.
For more information visit www.corelogic.com/MarcellusShaleDataSuite.
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. Formerly the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.
About Western Land Services, Inc. Western Land Services, Inc. is a privately held leading provider of leasing, title, takeoff, GIS, right-of-way, survey and regulatory services to the oil and gas and utility industries. Western is headquartered in Ludington, Michigan and has business offices in Pennsylvania, Wyoming, Utah, North Dakota and Bakersfield California. For more information visit www.westernls.com.
CoreLogic is a registered trademark of CoreLogic.
Allyse SanchezINK Communications925-548-2535 firstname.lastname@example.org