Forum

Pooling 6 Replies

Started by joe in General Shale Discussions. Last reply by Kathleen 15 minutes ago.

Pugh clause or Pool all clause? 9 Replies

Started by shorty79 in General Shale Discussions. Last reply by Gunner Ostergard 16 minutes ago.

Understanding the Basics of Ohio Geology 9 Replies

Started by John H in General Shale Discussions. Last reply by Mike Fulper 27 minutes ago.

Does unit size matter for production? 7 Replies

Started by Zack Jameson in General Shale Discussions. Last reply by Zack Jameson 27 minutes ago.

"Don't forget the Land Value" 17 Replies

Started by Ron Eiselstein in General Shale Discussions. Last reply by Dexter Green 35 minutes ago.

amendment 15 Replies

Started by joe in General Shale Discussions. Last reply by Dexter Green 1 hour ago.

Just wondering...horizontal clinton? 23 Replies

Started by mbc in General Shale Discussions. Last reply by Joseph-Ohio 2 hours ago.

feel abandoned-- 34 Replies

Started by nc man in General Shale Discussions. Last reply by Philip Brutz 3 hours ago.

JUST A QUESTION

Started by DONNA M SELLERS in General Shale Discussions 6 hours ago.

Revised lease 35 Replies

Started by Mary Schultz Price in General Shale Discussions. Last reply by Mary Schultz Price 7 hours ago.

Activity at the Hartz Well on Crestview Rd.? 1 Reply

Started by Clio in General Shale Discussions. Last reply by James Foster 13 hours ago.

"Independent Drillers Moving into Columbiana" 1 Reply

Started by Ron Eiselstein in General Shale Discussions. Last reply by Ron Eiselstein 15 hours ago.

"Hilcorp" 45 Replies

Started by Ron Eiselstein in General Shale Discussions. Last reply by John Wudl 15 hours ago.

Ohio Permits 2014 14 Replies

Started by searcherone in General Shale Discussions. Last reply by searcherone 15 hours ago.

Christman's Well Pad, North of Quaker City 10 Replies

Started by RF in General Shale Discussions. Last reply by RF 16 hours ago.

Where Can I Find Geologist / Consultant 9 Replies

Started by Quincy Spitzer in General Shale Discussions. Last reply by Gringo 17 hours ago.

Wetzel County EQT Deductions 16 Replies

Started by Marcus Huey in General Shale Discussions. Last reply by Nancy Mosley 18 hours ago.

Blog Posts

A Unique Energy Problem for America

 

Houston and the rest of the U.S. Gulf Coast have more crude oil than the region can handle.

Stockpiles in the region centered on Houston and stretching to New Mexico in the west and Alabama in the east rose to 202 million barrels in the week ended April 4, the most on record, Energy…

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Posted by John H on April 17, 2014 at 3:29pm — 3 Comments

Shake and Bake: the advent of the resting period

Chesapeake released some quite interesting news during their first quarter 2012 conference call.  Apparently they discovered, entirely by accident, another factor impacting production numbers on their OH Utica completions.  When the Buell Well was drilled in Harrison County, a minor problem prohibited them from immediately completing it.  The unintended resting period allowed much of the water and frack fluid to dissipate prior to completion.  Their Carroll County wells, drilled…

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Posted by John H on May 31, 2014 at 7:46pm — 2 Comments

Chesapeake's French Connection May be Coming to an End



On November 4, 2011, Chesapeake announced a joint venture agreement whereby they agreed to sell part of its holdings in the Utica Shale for $2.3 B.  The announcement claimed that CHK would get $649 M from an undisclosed buyer in exchange for a 25% interest in 650,000 acres in Ohio's wet gas and volatile oil window.  It's partner, Enervest, would receive $90 M in cash.  Further, the buyer, now disclosed as France's TOTAL SA, agreed to pony up $1.5 B toward Chesapeake's drilling…

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Posted by John H on June 1, 2014 at 6:20pm

Economics for a Typical Utica Completion in Ohio

CEO Frank Tsuru of Houston-based M3Midstream is investing over $1B across Eastern Ohio in a rush to get into the Utica ballgame. His…

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Posted by John H on June 8, 2014 at 4:30pm — 1 Comment

E&P Companies Like Ohio for More than Just Geological Reasons

Drillers like Ohio for more than just geological reasons. Ohio is ideally located to take advantage of development and commercial networks in both the Midwest and on a national scale. Ohio is within 600 miles of 60% of the US population and more than half of the Canadian population. It has considerable existing infrastructure and one of the most favorable tax/business climates in America. Ohio has zero tax on inventory or corporate income, no tax on investments for inventory or equipment, no…

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Posted by John H on June 22, 2014 at 4:07pm — 4 Comments

Why the Pt. Pleasant is Key to Utica Production

 

The Point Pleasant formation has been described as marking the end of Middle Ordovician time.  The Ordovician Period is characterized as the greatest submergence of the North American plate because shallow seas covered such an extensive area, including all of Ohio.  In this environment, the Acadian mountain-building event occurred whereby sediments high in kerogen were shed from the highlands into a somewhat enclosed basin,…

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Posted by John H on April 1, 2014 at 7:30pm — 2 Comments

Events

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Tuesday

October 28

Tuesday

Latest Activity

Finnbear replied to Melissa Anne Woods's discussion 'Leases' in the group Belmont County, OH
"Who has leased the properties surrounding yours?"
2 minutes ago
Kathleen replied to joe's discussion 'Pooling'
"A Pugh clause is an added addendum to your lease, stating in this case, only the minerals/acreage in added into a unit can be held by a well or well activity."
15 minutes ago
Gunner Ostergard replied to shorty79's discussion 'Pugh clause or Pool all clause?'
"This is from the Friendsvill lease that I googled. http://www.thefriendsvillegroup.org/lease.pdf (e) Notwithstanding the Unit sizes set forth above, if this Lease covers ten (10) acres or more of land, then not less than ten (10) acres of lands…"
16 minutes ago
Mike Fulper replied to John H's discussion 'Understanding the Basics of Ohio Geology'
"But Hey.. it was good reading... Which leads me to the conclusion.... some areas have more oil then others  :)"
27 minutes ago
Zack Jameson replied to Zack Jameson's discussion 'Does unit size matter for production?'
"My production unit has 11 producing wells. To me that a very good thing. Plus, all of my acreage is being used. A big production unit plus many wells equals big numbers."
27 minutes ago
Dexter Green replied to Ron Eiselstein's discussion '"Don't forget the Land Value"'
"It's a bubble.  It will not last forever.  At those prices it'll take you ~14 years (assuming you pay $0 in taxes) to pay off the land by farming it."
35 minutes ago
Bill Barnaby replied to shorty79's discussion 'Pugh clause or Pool all clause?'
"Rule #1 about O&G never believe a word a landman tells you, if their lips are moving, they're lying. Seriously, believe NOTHING they say. You're doing the right thing getting an attorney. "
37 minutes ago
Ron Eiselstein replied to Ron Eiselstein's discussion '"Don't forget the Land Value"'
"Jason, before the November auction a US trustee with family acreage told me that corporate farm entities are moving in from the west to gobble up farm land from independent farmers. It is a price war now and it will only go higher."
38 minutes ago
jason irvine replied to Ron Eiselstein's discussion '"Don't forget the Land Value"'
"Dexter. Any idea what they could be buying? I haven't heard anyone talk about leasing the land, per alone for that amount. Could they be trying to build a plant. If they tell people they need the land to build then people will ask for more. I…"
40 minutes ago
bungalow_steve replied to Ron Eiselstein's discussion '"Don't forget the Land Value"'
"This has happen in PA, all the land values go up (without minerals) could be people with bonuses and/or royalties are buying land they always wanted."
51 minutes ago
Finnbear replied to JT's discussion 'TGS 3D Seismic Study - Pro's/Con's?' in the group Harrison County, OH
1 hour ago
Dexter Green replied to Melissa Anne Woods's discussion 'Leases' in the group Belmont County, OH
"I suppose it depends on where your land is located, how much you have, who's active around you, etc. "
1 hour ago
Dexter Green replied to joe's discussion 'Pooling'
"This is not accurate.  If you put 10 parcels, each with 10 acres, on one lease and do not specify that each parcel must be treated separately then putting one acre of one parcel into a unit HBPs the whole 100 acre lease.  Putting all the…"
1 hour ago
Melissa Anne Woods added a discussion to the group Belmont County, OH
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Leases

Are there any companies out there still doing leases? I dont want buy or sell.....just a lease!See More
1 hour ago
Finnbear replied to jerry lee nichols's discussion 'Question' in the group Monroe County, OH
"Who sent the letter? What are the details as far as what parcels the mineral interests are being "preserved" on? If someone went to the trouble and expense to send you a certified letter, you should probably pay very close attention to it…"
1 hour ago
Dexter Green replied to John H's discussion 'Understanding the Basics of Ohio Geology'
"He sure as Hell isn't a geologist."
1 hour ago
 
 
 

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