How are things shaping up down there Frank? Think the Anterro deal will spark things in the county?
Where did you find information that said the Marcellus is thicker on the Ohio side of the river? All the maps I've seen have it getting thinner as it moves west and south out of Belmont County. The Utica should be fine. Also, there are some grumblings that the 21% wasn't a true Gross Royalty because the Lease had a 'Market Enhancement Clause' that threw the enhancement cost back at the Lessor, or at least 21% of the enhancement cost. And, if you look at the townships that were included in the Antero deal, they are all on the Western side of the county and basically formed units with southwest Belmont and eastern Guernsey. There is still a great deal of speculation about whether or not the Utica in Eastern Belmont County is 'Wet'. They won't know until wells are drilled and producing. The speculation is that the Utica is mainly 'Dry' gas in the Eastern-most townships in Belmont County, so I don't see how Eastern Monroe County would be any different. Ask the Riverfront Landowners Group Experts this question and post it on this thread if you have time.
Do you know what Garrison's group fee will be? The Lensman Group was 4% of the Bonus and the KWGD group was charging 5% of the Bonus. I thought they were both high considering my lawyer has had 3 group signings (none wanting my Township) and his fee was 0.5% of the Bonus. His lease had around 45 addenda added to the gas company's lease.
Is the well your referring to the Lee Wilson Rig #25, Eisenbarth Pad on Keidash Point? They had some issues initially with a slip on the back side of the pad. They were drilling the last time I went by the site. I haven't heard any productions from the wells up off of SR536. I believe they have to publish productions with the ODNR Division of Mineral Resources.
Our area is really quiet and has been since the end of November. I really feel it's slowed down because the O&G companies and joint ventures are going to start producing from the acreage they have already secured, filling in additional leases as the unit requires.
The psu map shows southern New York looking promising. If NY lifts the moratorium on drilling, it seems like the O&G companies will move to acquire leases in that area. Although, the Utica plays seems to have changed the direction of the leasing. With NG being around $2/mcf, the entire play seems to be shifting to the Wet and Oil zones of the Utica in Ohio. I look for a lot of wells to be drilled in Ohio starting this year.
So the total fee isn't 4.5% of the bonus as originally reported on this forum?
Wow some huge variences in prices here in same approximate areas? why is that? How could the same Group accept $1000 less than they got 3 months earlier when prices seem to be increaseing & $1900 less than anther group in same Twps in less than a week? does that set the process back?
The difference is in the terms of the lease. The Eclipse deal had several provisions that were very advantageous to the landowners.