Marcellus Shale Wednesday deadline

THE DEADLINE IS WEDNESDAY FOR A BIG MARCELLUS SHALE TRANSACTION IN MCKEAN AND POTTER COUNTIES.  A SUBSIDIARY OF ENDEAVOR INTERNATIONAL AGREED TO PAY ROUGHLY $80 MILLION DOLLARS FOR THE ASSETS.  BUT THE SUBSIDIARY HAS ALREADY PAID A SIX MILLION DOLLAR DEPOSIT IN ORDER TO CONDUCT ADDITIONAL DUE DILIGENCE…AND WHETHER OR NOT THE DEAL CLOSES REMAINS TO BE SEEN.  THE DEAL INCLUDES SM ENERGY’S ENTIRE MARCELLUS SHALE LEASEHOLD POSITION OF ROUGHLY 42-THOUSAND ACRES—INCLUDING THREE PRODUCING WELLS…AND ALSO 100% OWNERSHIP OF POTATO CREEK LLC, WHICH OWNS GATHERING AND RELATED FACILITIES IN SOUTHERN MCKEAN COUNTY…INCLUDING A TEN MILE SIXTEEN INCH TRUNKLINE CONNECTED AND FLOWING TO THE TENNESSEE GAS PIPELINE’S 24-INCH MAINLINE.