Comment

Comment by Hunter on December 26, 2012 at 3:08pm

The lease I signed with ION/GX has water and other protection clauses in it, and didn't cost me anything but a little negotiating, no attorneys (I've been down that road before).  The ION boys I talk to are nothing but helpful and they are honoring every detail written into our lease agreement.  Very satisfied so far, and I'm normally a skeptical person. 

Comment by Ed on December 26, 2012 at 5:33am

Well, alot has happened since I first posted.  1) I attended their (Ion/GX) seminar at the Kittanning Twp. fire hall in November and I wasn't impressed at all.  They were shifty to say the least and many landowners left with a bad taste in their mouths. 2) My attorney said not to sign anything without some protection clauses...mostly for water...and that would cost me money.  Why would I spend money to allow someone to survey my land??  And 3) I am surrounded by Buffalo Valley LTD. (more affectionately known as the Snyders) and they turned down ION/GX so the situation is moot for now.  They haven't come back.  I'm just a little island in a big sea of land.

 

 

Comment by Hunter on November 30, 2012 at 7:57am

Ed - As I've posted previously, I was also approached by ION/GX and ultimately signed the lease permission to have testing on my property.  My gas is leased by CNX (Consol) so it benefits me to have the testing done to see if there are faults should CNX want to drill here.  So I'm in a bit different situation than you are.  If you allow a gas company to eventually lease your gas, and you have the seismic testing completed, that is one step that will not have to be done later.  My understanding from ION/GX is that they have been contracted to do testing over a very large area of Armstrong County (and surrounding counties).  To me, that means the big gas companies are getting ready for drilling once the energy environment becomes favorable to them, meaning gas prices rise and government controls ease.  So, for you, my opinion is that it does not hurt you to have the testing done.  It's entirely up to you.  Waiting may bring a higher payout per acre from ION/GX later, but I doubt it.  Just my thoughts.  By all appearances, there is going to be a very large gas boom in and around Armstrong County in the future.  There are large transmission pipelines being constructed, and marcellus interest appears to be bright for our area.  Hope this helps.  Maybe others will post info here for you to consider.  Good luck! 

Comment by Ed on November 1, 2012 at 4:48am

I was just approached by ION / GX to have seismic testing done on my property in South Buffalo Twp.  My gas isn't leased.  Is it to my advantage or disadvantage to let them do this prior to leasing?  I haven't been recently approached to lease.  I was approached in 2008 but declined at that time.    Just looking for opinions.

Comment by Hunter on October 22, 2012 at 7:56am

Welcome Deb.  I'm not an expert on marcellus shale exploration, but have shared interest in the Rural Valley-Dayton area.  The gas companies seem to not share much information with landowners, until they show up on your doorstep.  That's when you first know they have some interest in your area.  About 2 years ago, there was interest in our area but that diminished due to gas prices dropping and rising uncertainty within the political landscape.  Here is my own personal opinion, if the Country elects a new president this fall AND if we experience a colder than normal winter, gas exploration will begin to become a news item again.  In the absence of either happening, we will see small and slow progress over the next 4 years in our area.

Comment by Deb on October 21, 2012 at 5:53pm

Hello,

I just found this great site and joined.  I was wondering if anyone could tell me if there is anything happening as far as companies looking for marcellus sites in the Dayton, Smicksburg area?  In particular along the dayton-smicksburg road, closer to Dayton?  Any feedback would be appreciated.

Comment by Hunter on October 16, 2012 at 6:26am

Hi Dennis, welcome.  Leases for seismic testing are being signed now by landowners in both Jefferson County and Armstrong County, probably others as well.  It appears that the big gas companies may be getting ready for exploration should gas prices rise, and if an energy-friendly president is elected this fall.  It appears that the testing will begin after hunting season ends. 

Comment by Dennis L. McKinley on October 12, 2012 at 3:06pm

First timer. I have signed to have sissmic to be done spring 2013. Agreement last no longer than 18 months. I'm interested in knowing and learning if theirs gas or oil.

Who would be interested in buying my soft timber (red pine, white pine, Norway spruce, larch and some hardwoods? Have contacted several lumber mills in the area. (no response yet) Before testing is done, 84 acres. All suggestion helpful. 

Comment by DEER HUNTER on August 30, 2012 at 4:38pm

Does anybody know how much gas/oil rights are worth in armstrong county ? per acre ?

Comment by Thomas Duringer on July 30, 2012 at 11:26am

Does anyone have any information on XTO 's drilling in South Buffalo Township?

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