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Mercer County, PA

All things pertaining to leasing, drilling and production in Mercer County.

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Discussion Forum

Is anyone leasing right now? 1 Reply

Started by excited but worried. Last reply by Bob Rock Jul 10.

Members so far. 15 Replies

Started by Elnathan Cory. Last reply by JREwing Jul 10.

Mineral rights and land auction June 14th 2 Replies

Started by tnc. Last reply by james Jun 18.

Pennant, Bluegrass and Kinder Morgan pipelines 5 Replies

Started by JohnL. Last reply by Bob Rock May 1.

Hilcorp - Jefferson Mcghee and Jefferson Montgomery Well Sites 22 Replies

Started by Archer Man. Last reply by WTF Apr 28.

Chevron McCullough well 2 Replies

Started by Bob Rock. Last reply by Bob Rock Apr 26.

Lease offer in Jefferson Township/ Mercer County 7 Replies

Started by Brian Maj. Last reply by james Apr 14.

PA DEP Production Reports 2nd half of 2013 4 Replies

Started by JohnL. Last reply by deer spotter Mar 30.

"50 Acres of Minerals/$3K apprx. per ac." 8 Replies

Started by Ron Eiselstein. Last reply by James Brink, Esq. Feb 17.

HILCORP PA Well Production Reports

Started by JohnL Jan 15.

Found some good DETAILED maps for the Pennant Midstream pipeline 8 Replies

Started by Tyler Durden. Last reply by Tyler Durden Jan 9.

Hilcorp Property Access How do they notify you? 4 Replies

Started by Dan Scott. Last reply by Dan Scott Dec 31.

In need of an attorney that deals with pipeline agreements. 4 Replies

Started by Tracy. Last reply by Dan Scott Dec 29, 2013.

Hilcorp or Chevron - Unit Declaration and/or Division Orders 2 Replies

Started by Archer Man. Last reply by Archer Man Dec 28, 2013.

Hillcorp rig moved from rt. 62 well site! 21 Replies

Started by WTF. Last reply by Michael R Dec 22, 2013.

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Comment by Samuel J. Orr on March 13, 2014 at 7:52pm

Patience: 2 to 5 years may be necessary for the price of natural gas to increase along with the demand. LNG shipments to Europe will happen but plants to liquify natural gas need to be built along the Atlantic coast. These plants are expensive and will take time. Pipelines also need to be constructed to carry gas to these facilities. Locally, more pipelines need to be constructed or extended in Mercer and Venango Counties. 5500 cubic feet of natural gas is one barrel of oil equivalent or 1 BOE. Gas is $4.50 / 1000 cubic feet or $24.75 / BOE. Therefore O&G companies will maximize their returns on investment by drilling only where they believe there is oil in commercially viable amounts. If such wells produce  some gas in addition, thatis icing on the cake. Oil has an additional advantage because it can be hauled from the wellhead in trucks. Therefore, the lack of pipelines is not much of a problem if a well produces oil. Per BTU, a company can sell an Oil BTU for 4 times what it sell a Gas BTU.  Market conditions are what accounts for the lack of interest in drilling wells in areas wherethe geology suggests that only gas is likely to be found.

Comment by deer spotter on March 13, 2014 at 6:30pm

Shell to reduce United States investments by 20% in 2014

Comment by JohnL on March 13, 2014 at 6:25pm
JR- you might want to scratch Shell off your wish list of companies to buy up Halcon's Mercer County leases. I hear that Shell has 80,000 acres in a Butler and Lawrence counties due to expire this year. I'd say odds are not in favor of them renewing any of them. I wonder what impact this will have on the cracker plant?

jl

http://money.msn.com/business-news/article.aspx?feed=OBR&date=2...

WTF- this article supports small companies like Hilcorp. They must know something the rest don't. It's hard to keep up with all of their permits. Seems they have shifted some toward the SE part of Mercer County.
Comment by WTF on March 13, 2014 at 3:36pm

The CALM before the STORM!!!    To all you doom and gloomers, If you think there is no activity going on in Mercer County try this. Go into the MERCER COUNTY GOVERMENT homepage and click land records search, Then click on search records next click on sign in as a guest. Click on the acknowledgement (this is free). After that fill in a company name where it asks for last name/firm name. Try Hilcorp or Chevron or SWEPI or Bounty minerals or etc. next fill in the dates you would like to search from. Try going back to October 1st, 2013 to todays date. Click on search results. You will be amazed at the amount of activity that is taking place in this county in the last five months. We need to keep calm and wait for the storm to start!

Comment by JohnL on March 12, 2014 at 3:27pm
JR- I couldn't agree with you more. There seems to he a lot of doom and gloom on this board lately, but as you said Hilcorp seems to be the only player in Mercer County right now so I guess there's some glimmer of hope.

I'm encouraged by what I see happening in Mercer County (especially with Hlicorp) but at the same time I'm realistic about anyone's chances of being part of a drilling unit, including me.

John
Comment by JREwing on March 12, 2014 at 1:17pm

I wish you the best of luck John, but be advised, I have reeaally learned to temper my enthusiasm after all that's happened to us....  Praying Hilcorp, Swepi or Chevron buys Halcon's acreage. Preferably Hilcorp; they seem to have the best reputation with landowners and also appear to be the most aggressive local E&P Co. at the moment.

Comment by JohnL on March 12, 2014 at 1:07pm
JR- just opened the email also. Looks like it's on the Josh and Benna Click property. We're 1 mile north of that. I might have your luck and have a lateral go right by me. We own the O&G rights there but not the land. Time to talk with the neighbors over there.

Thanks...John
Comment by JREwing on March 12, 2014 at 12:52pm
Comment by JohnL on March 11, 2014 at 8:47pm
WTF- we heard by word of mouth from someone who has a relative on that road. We took a ride around on Sunday and went down Vath road. it actually dead ends at a farm about a mile down the road. Didn't see a whole lot of anything going on just yet. Did the Stiester Rd drive by to see what was gong on at the Montgomery site. They're starting to move a lot dirt on the Looney Lake side.

Thanks for the info....jl
Comment by WTF on March 11, 2014 at 7:51pm

John, I talked to the sect. of Worth Township today and he said the Township has received notice that a well will be drilled on Vath Road, Worth Township.

 

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