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Mercer County, PA

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

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Latest Activity: May 19

Discussion Forum

Mercer County is on the Back Burner! 7 Replies

Started by Elnathan Cory. Last reply by Trapper Jan 17.

Is anyone leasing right now? 1 Reply

Started by excited but worried. Last reply by Bob Rock Jul 10, 2014.

Members so far. 15 Replies

Started by Elnathan Cory. Last reply by JREwing Jul 10, 2014.

Mineral rights and land auction June 14th 2 Replies

Started by tnc. Last reply by james Jun 18, 2014.

Pennant, Bluegrass and Kinder Morgan pipelines 5 Replies

Started by JohnL. Last reply by Bob Rock May 1, 2014.

Hilcorp - Jefferson Mcghee and Jefferson Montgomery Well Sites 22 Replies

Started by Archer Man. Last reply by WTF Apr 28, 2014.

Chevron McCullough well 2 Replies

Started by Bob Rock. Last reply by Bob Rock Apr 26, 2014.

Lease offer in Jefferson Township/ Mercer County 7 Replies

Started by Brian Maj. Last reply by james Apr 14, 2014.

PA DEP Production Reports 2nd half of 2013 4 Replies

Started by JohnL. Last reply by deer spotter Mar 30, 2014.

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

Started by Ron Eiselstein. Last reply by James Brink, Esq. Feb 17, 2014.

HILCORP PA Well Production Reports

Started by JohnL Jan 15, 2014.

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

Started by Tyler Durden. Last reply by Tyler Durden Jan 9, 2014.

Hilcorp Property Access How do they notify you? 4 Replies

Started by Dan Scott. Last reply by Dan Scott Dec 31, 2013.

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.

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Comment by Samuel J. Orr on November 28, 2014 at 6:06pm

 VERY BAD NEWS. Halcon stockdown over 20% today and closed at $2.27. A number of other small E&P companies also had big losses. Crude Oil prices under $70 are remaining low because Saudis are keeping production up to squeeze smaller US companies. Saudis production costs are lowest in the world and supposedly they break even at $40 / barrel. The strategy is to force bankruptcy of many US E&P companies with much higher break-even costs. When these competitors no longer exist, the US production numbers will decrease as will total world supply,at which point crude prices will rebound. See Yahoo Finance for news and the names of other small US E&P companies that saw drastic declines in their share prices today.

Comment by Samuel J. Orr on November 23, 2014 at 9:55am

Bob Rock:  Thanks for the  link, It is the correct link to the article I found in The State Journal out of Charleston, West Virginia. I was rather surprised to find the article   in a West Virginia publication. There may have been similar stories in  one or more Pennsylvania papers, but I did not see any. I know it is not a done deal, but I thought the article was very positive.

Comment by Bob Rock on November 23, 2014 at 8:12am
Comment by Samuel J. Orr on November 23, 2014 at 6:01am

More potential good news for the area! I found  an article yesterday from The State Journal out of Charleston, West Virginia dated November 20, 2014, and updated November 22, 2014 entitled "Shell meets with Pennsylvanians about cracker plant." I will not attempt to summarize the article, but its content and tone is highly suggestive that the plant is going to be built. I would post a link to the article but am so computer illiterate that I will ask JR Ewing or somebody else to do that. 

Comment by tnc on November 22, 2014 at 10:31am
What I don't get they mention sugar grove township, the map of the pipline does not come close to sugar grove.
Comment by JREwing on November 22, 2014 at 4:45am
Sorry Sam & all. I try not to be negative, but I think all of us posting in here have had our hopes raised then dashed so many times that we've all become a little numb and skeptical when it comes to potential good news. Halcon in particular has had a nasty habit of hoodwinking people in Mercer and Venango counties since this play began. I don't think anyone reading this would disagree. Never the less, I am hoping for the best for all of us.
Comment by Elnathan Cory on November 21, 2014 at 10:30pm
More good news for the area. From a reliable source. Chevron well on Hosack Rd: Test well must have been good. Was fracked and quickley burned off. Now drilling more wells from that platform. They wouldn't be drilling more wells if the results were not good from the test well. Fingers crossed!
Comment by Samuel J. Orr on November 21, 2014 at 9:52pm

JR Ewing: After being the first to post some really good news, your last several posts have been  uncharacteristically negative. Have a cold beer, put your feet up, chill out, and have faith that the good times are about to roll.

Comment by JREwing on November 21, 2014 at 8:50pm
Much larger projects have been quashed by eco-freaks, owls and salamanders. You can't discount them.
Comment by Samuel J. Orr on November 21, 2014 at 6:35pm

The pipeline as proposed looks pretty environmentally friendly. That Halcon gets these permits is extremely important. They want to sell their acreage. If the Geology is bad, the presence or absence of a conveniently located pipeline is irrelevant. Good Geology with a nearby pipeline is substantially more valuable than Good Geology without any such pipeline. The pipeline should enable Halcon to sell its non-core  Utica acreage at a better price. A nearby pipeline should also enhance the likelihood that landowners in the area who have acreage that is not as yet leased, will in fact be offered leases when the pipeline is completed. I do not think Halcon has the financial ability to construct this pipeline. Permits to build it, if granted, are likely assignable. I would expect such permits to be acquired by whatever O&G company acquires Halcon's acreage that would be served by the pipeline. Again, this is all speculation on my part. 

 

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