C/G management proactively pursuing Marcellus gas drilling
Representatives of C/G Electrodes, LLC recently came before members of St. Marys City Council concerning applications to subdivide two parcels from C/G's property for use as potential Marcellus Shale drilling sites.Council members voted unanimously to approve each of the subdivision requests. Wilson Fisher Jr. of Hess & Fisher Engineers, Inc. of Clearfield addressed council members regarding C/G's plans for the site. He explained that the company was requesting two separate lots be subdivided off of the company's main 150-acre property. "The one parcel is just across from C/G's main office building. It is a little over seven acres. The larger parcel is just a tad over 10 acres," Fisher said. Fisher noted that the use of the lots for future Marcellus gas drilling sites is dependent upon a number of factors and is by no means guaranteed. "That's not an absolute, because it is going to be extremely dependent on other properties in the area, as well as the driller's determination of the proper location for orientation to maximize the productivity for that gas unit," Fisher said. He added that C/G's current management was trying to be proactive in subdividing the property and are keen in pursuing the benefits of Marcellus gas drilling. C/G is currently in the process of a merger with GrafTech International Ltd. of Parma, Ohio, which entered into an agreement in April to purchase the company, and Fisher noted that pursuing Marcellus gas drilling was not a venture that currently interested GrafTech. "GrafTech wasn't particularly interested in this particular resource development. Consequently, C/G's management wanted to retain that right and conclude this process before the merger concluded," Fisher said.