Replies to This Discussion

Permalink Reply by Klix on January 18, 2012 at 8:55am

Shell (SWEPI LC) seems to be the big player right now. Not sure who the contact is for that area. We are in the process of signing with them right now in Washington TWP just east of you. Our landman is Southeast Land Services in Butler

Address:

115 W Cunningham St

Butler, PA 16001

Phone:

724-256-9259

E-mail:

info@southeastland.net

Permalink Reply by Julsieg1 on February 3, 2012 at 4:24pm

Yes, seems to be Shell (SWEPI LP).  We signed awhile ago, it was also with Southeast Land Services.  We are in Slippery Rock Twp.  Anyone else in Slippery Rock Twp sign?

Permalink Reply by JBM on February 5, 2012 at 2:06pm

Do the negotiations include access to the Utica Shale or only the Marcellus?  I noted that some are seeing the Utica as a separate opportunity from a leasing standpoint.  In addition the Utica could potentially contain more liquids and possibly some oil. Either would be higher in value than dry gas. Rex has apparently completed a successful Utica gas well near Muddy Creek in Butler County.

Permalink Reply by Klix on February 6, 2012 at 8:18am

We tried to separate out different layers in our agreement but Shell would not  go for it.

Permalink Reply by Julsieg1 on February 6, 2012 at 7:50pm

We tried also and had the same result.  You'll be paid for everything that comes out of the well, so it would be the same other than a separate signing bonus for the Utica.  Seems like Shell is very interested in the "wet gas" because of the cracker plant they intend to build soon.  I read on Yahoo finance that they will decide where they are going to build it by the 2nd quarter of this year.