“For us, it’s about maximizing our efficiency with the land we have,” said Senior Vice President and Chief Operating Officer Michael Wahl.” We have worked extremely hard to increase our lateral length because this allows us to also increase our resource development while only accessing one surface location versus two or three. It’s a win-win for both us and our landowners.”
“We launched the Plum Borough development with one delineation well on the Midas Well Pad,” said Wahl. “We spent a lot of time analyzing the results of this well and were careful to consider the region’s geological complexity. That investigation enabled us to abandon our previous assumptions about the area and come up with a strategy that would cut our number of planned surface locations in half.”
“The thoughtful minimization of surface disturbance allows our operations to more easily coexist with the residential and agricultural nature of our community,” said Wahl. “While our disturbance is temporary in nature, we remain fully committed to taking practical steps to reducing that impact.”
About Olympus Energy
Olympus Energy LLC (“Olympus”) is a privately-held energy company headquartered in Canonsburg that specializes in upstream and midstream development of natural gas resources in the Appalachian Basin. Olympus has a scalable asset base in southwestern Pennsylvania, having assembled over 100,000 largely contiguous and operated acres within the core Marcellus, Utica, and Upper Devonian fairways . Visit www.olympusenergy.com for additional information.