Do you know Marcellus & Utica? Let us introduce you to Mid-Atlantic’s most popular household names.
Throughout the latter part of the past decade, most people in north central WV and southwestern PA had never heard of Marcellus or Utica. Fast forward ten years, Marcellus and Utica have become household names. How did it all happen? What changes in the energy field have we experienced in the past decade? Where are things heading in the future? What challenges must we overcome in order to maximize natural gas’s potential? This article drills down (pun intended) into Mid-Atlantic’s next energy powerhouse.
During the first wave of oil and gas energy expansion, which started in 2008 and began declining in 2013-2014, drillers were using key geological metrics to “explore” Marcellus and Utica shale plays. In the early years, positive results led to increased drilling activity. Other companies took notice. Before we knew it, north central WV and southwestern PA had a natural gas and oil boom occurring in its backyard. Heavy drilling activity led to many service providers flocking to the area to secure profitable service contracts. Service contract work includes all aspects of servicing a well, from start to finish, such as engineering, excavation, fracking, pressure control, water hauling, valve repair/monitoring, amongst many others. Thousands moved to the area. Many of the workers were brought in from out-of-state because, our local workforce did not have the experience and expertise these companies needed. Many of these workers stayed in local hotels/houses, ate at our restaurants/taverns and shopped in our malls and retail outlets. Some businesses experienced exponential growth during this period. As drilling activity continued to increase, OPEC nations flooded the global energy market. Saturation led to quickly declining commodity pricing. Once the commodity pricing dipped to a level close to or at “break even”, it no longer made economic sense for drillers to drill. Over a period of a couple years, drillers slowed or completely halted drilling plans. Why? Supply outpaced the market. Additionally, infrastructure, via pipelines, was not in place to efficiently transfer the gas to larger markets.
Click the button below to learn more about Marcellus and Utica activity in North central WV and southwestern PA.
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There has been quite a bit of activity in Westover with
five new businesses
recently committing to lease space in the various Wesmon Plazas. See the detailed list of new businesses below.
Interested in bringing or expanding your business to the Westover area? There are still locations available to join in on the synergy already created by the newest additions and existing tenants. Call
Black Diamond Realty
at
304.413.4350
to learn more about available opportunities and click on the button below to view our detailed marketing flyer.
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Mountain Man Axe Throwing
Located at 30 Commerce Drive, this up and coming sport allows you to have some fun
have some fun while getting in touch with your inner lumberjack.
This business is great for parties, corporate team building, and just a night out with friends or family. Call
304.692.6469
or visit their website
HERE
to find out more information.
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Make It Awesome - Craft and DIY Studio
Gather your friends and head to 18 Commerce Drive in Westover for classes and open studio time. Specializing in canvas painting, woodcrafts, clay sculpture, macramé and many more to come, this business is perfect for learning a new craft skill or perfecting an existing one. Call
304.241.4587
and check out their Facebook page to learn more about what can be achieved at this business.
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Sync Me Up
This local small business is aimed at meeting all of your technology needs. Located at 829 Fairmont Road, Suite 206, Sync Me Up installs totally customized solutions such as security systems, video surveillance, smart home automation and more. They work closely with clients to tailor both the hardware and user interface to match their exact needs. Check out their website
HERE
or call
877.210.SYNC
to set up a free, no hassle assessment of your technology needs.
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King Tire Service
At 24 Commerce Drive, Kings Tire Service recently opened their 12th location. Kings Tire Service offers a variety. K
ing's Tire Service offers a variety of products and services to enhance your vehicle’s performance. Their philosophy is simple, never promise more than can be delivered and always give the customer more than they expect. Give them a call at
304.212.5576
, visit their website
HERE
or stop by the shop after a delicious lunch at Haught Diggity Dogz located right around the corner.
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Capital Caring
Capital Caring recently placed their administrative office at 34 Commerce Drive, Suite 210. Their mission is to improve care for those facing life-limiting illness through direct support of patients and their families, public education and public advocacy. Their work is invaluable to those in need. Call
800.869.2136
or visit their website
HERE
to learn more about how they may be of service
to a loved one needing care.
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UNDER CONTRACT
within 6-Months!
Black Diamond Realty is pleased to announce the recent sale of
151 Walnut Street
in Morgantown, WV. The property was generously donated to the Mountaineer Area Council of the Boy Scouts of America by Wes Metheny of Wilson, Frame, and Metheny. The ultimate goal was to eventually sell the property and use the funds to benefit the non-profit organization. When the time was right, the BSA chose to hire Black Diamond Realty to achieve their real estate goals. Black Diamond Realty quickly and efficiently got the property to the market and produced multiple competitive offers for the property.
This was a fun and exciting project that benefitted all of those involved. The Mountaineer Area Council of the Boy Scouts of America will be able to use the funds for the support of scouting in the area and the buyer, a local accounting firm, is excited about moving their office to downtown Morgantown. We would like to thank both the seller and purchaser for the opportunity to work with them on this transaction.
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On November 3, Mountaineer Nation was celebrating a big win for WVU over the 17th ranked Texas Longhorns. On that same night, Black Diamond Realty’s leadership dressed in their finest black attire to attend the
56th annual ball for the Mon Health Medical Center.
The fundraising effort at the 2017 event raised over $100,000. Proceeds were used to purchase a flexible HD videoscope to detect early bladder cancer. Proceeds from this year’s Ball of the Year will go toward purchasing a Plethysmograph machine and software for the hospital’s respiratory/pulmonary care department. It was a winning night!
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Industrial / Dealership
100 Free Soil Road, Mount Morris, PA
- Three buildings containing a total of 40,521 (+/-) square feet
- Honda Building: 20,021 sq. ft
- Mazda Building: 11,500 sq. ft
- Pre-Owned Building: 9,000 sq. ft
- 6.11 acres
- 250 parking spaces
- Available for sale or lease
- Excellent interstate visibility
- Located immediately off I-79, Exit 1
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Industrial / Retail
35 Ash Street, Jane Lew, WV
- Four Buildings
- Warehouse: 16,460 sq. ft
- Retail: 7,680 sq. ft
- Storgage 1: 960 sq. ft
- Storgage 2: 450 sq. ft
- 18.05 total acres
- No zoning restrictions
- 600+ feet of interstate frontage
- Located 0.7 mile off I-79, Exit 105
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Land
Point Marion/West Run Road, Morgantown, WV
- 43.58 total acres
- Point Marion Road: 30.88 acres
- West Run Road: 12.7 acres
- Access to all utilities
- No zoning restrictions
- Prime location for residential housing
- Close to West Virginia University, hospitals, shopping, restaurants and more
- Located roughly one mile from I-79, Exit 7
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Land
Sterling Drive, Anmoore, WV
- 0.86 acre parcel elevated
- High interstate visibility
- No zoning restrictions
- Located at the base of the New Pointe Plaza shopping center
- High traffic area
- Positioned immediately off I-79, Exit 117
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We want to make it as easy as possible for our clients to find exactly what they are looking for. Whether it be for office, industrial, retail, land, or investment, we take pride in all of our offerings and believe each one has something special. Click the images below to see what's new in our inventory.
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“Real Service. Real Value. Real Results.”
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