Comment

Comment by Peter Schueler on January 2, 2011 at 8:22pm

Scott, Your land will have the same formation as the Buell#1. The Utica is an interval (layer) of shale that underlies all of the eastern Ohio and surrounding states that was deposited about 490-450 million years ago during the Ordovican period when our land was underwater. The thickness of this interval varies over large distances but not in a local area. Here's a description http://en.wikipedia.org/wiki/Ordovician

Also check this Utica isopatch interval map at http://ohiodnr.com/Portals/10/Energy/Utica/Utica_Isopach_RegionalMa... 

It suggests that Harrison County has a 250' to 300' interval of Utica shale. As for the release of information by area drillers you might want to remain skeptical because they may not want to create too much excitement that would increase lease competition.

I have no idea what your or my Harrison County O&G rights are worth. I will be patient and wait for whatever comes from the local activity. Keep in mind that new Marcellus gas production has depressed prices in the Northeast and producers need to manage the development accordingly.

I had the pleasure of staying at a bed & breakfast near Tunkhannock, PA two weeks ago. The owner, who has 20 acres joined the Wyoming County landowners group two years ago and they put together 30,000 acres that was leased to Chesapeake for a front payment of $5750/acre and 20% royalty. Their website and lease document are at http://www.pamarcellusshale.com/Home_Page.html

Happy New Year to you and yours!

Comment by scott jackovitch on January 2, 2011 at 7:27am

I have a question,  I can see the Buell # 1 drilling rig from my property.  It is probably just over 2 miles away.  Do you believe whatever they found under the rig would be the same under my property ?  I have been approached by Kenyon energy on leasing my minerals.  Considering my location what do you believe is a fair  price per acre and royalty percentage ?

Comment by scott jackovitch on January 1, 2011 at 7:34pm

Dan ,  Thank you for the info.  That is great info.  It's nice to have folks on the site with good info to keep us informed.

Comment by jerry allen on January 1, 2011 at 6:56pm

Consol Enegry hit a 200 ft bed of Utica at a depth of 8450 feet near Barnsville so the Hanover Ridge well should be about on target.  Hopefully the Hanover Ridge well will find the Utica as thick or thicker.  If we are lucky Consol will report their findings on their next production report to share holders. 

 

Comment by Peter Schueler on January 1, 2011 at 6:31pm

Scott, Go to http://www.dnr.state.oh.us/OHRbdmsOnline/WebReportAccordion.aspx

click on "reports" then click on "permit and plug list" then for "application issued date" select "greater than" a date such as 1/1/2010, for county select Harrison and for Township select Archer. Then click on the "report" above your input info. This will bring up a permit for NORTH AMERICAN COAL ROYALTY CO BUELL #1, OHIO BUCKEYE ENERGY LLC. You will see two permits, the first dated 11/17/10 for the vertical well and the second, an amended permit dated 12/23/10 for going horizontal into the Utica. The acreage was bumped up from 40 to 177 and the depth is now at 8411 vs 9003 for the vertical hole to the Trenton. The nearly 600 foot differential suggests a substantial Utica formation.

Comment by scott jackovitch on December 30, 2010 at 5:52pm

Dan ,  How far along is the well now ?  Where did you get the info on the new change ?

Comment by Dan on December 30, 2010 at 12:18pm

That well that Chesapeake/Buckeye Energy is drilling off Hanover Ridge has changed their permit. They have decided to go horizontal now, and it will be into the Utica shale. So now they have increased from a 40 acre to a 117 acre drilling unit. Since they haven't even reached the Utica yet, they must feel pretty good about their prospects.

Comment by scott jackovitch on December 27, 2010 at 7:28pm

Where did everyone go ?

Comment by Cheryl on December 25, 2010 at 7:08pm

I haven't had any direct contact with Wishgard, but from what I understand they are signing on landowners who potentially will get about $1850 an acre if Whishgard is successful in marketing the land as a package deal to an oil company. 

I've heard that alot of landowers in Monroe and Belmont counties have signed leases with them. However, this doesn't mean that an oil company has actually purchased the lease from Wishgard.

Wishgard has 90 days or more (depending on what was stated in the lease) to market the property. If they cannot get an oil company to purchase it, these landowners get nothing.

This information may not be entirely accurate. These are just things I've heard. We know of several landowners who have signed with them. Hope this info is helpful.

Comment by Richard Clark on December 24, 2010 at 9:14am

Cheryl, are they a leasing agent for another company?  In looking on the internet they appear to be in the Machinery and manufacturing business?

Just courious, when someone new shows up:) 

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