Comment

Comment by Randall P King on September 8, 2011 at 3:55pm

Here is a website on the Utica Shale Play that you might want to mark as a favorite and check back on as time permits.

http://shale.typepad.com/utica_shale/

Randy

Comment by Randall P King on September 8, 2011 at 3:16pm

Here is an excellent article on Ohio's Utica Shale Play and the O&G companies that are involved. Best....

http://seekingalpha.com/article/292408-utica-shale-oil-play-update

Randy

Comment by Paul Cann on September 8, 2011 at 2:20pm

Thanks for the link and info Randall. I just read the article, hope I get approached to lease!

Comment by Randall P King on September 7, 2011 at 12:17pm

Petroleum Development Company (PDC) entered the Ohio Utica Shale Play with the purchase of 30,000 acres, some in Morgaan.

http://www.msnbc.msn.com/id/44423112

Randy

Comment by DrillBABY on July 11, 2011 at 1:14pm

Shale Guy, the transmission lines mentioned are in fact gas lines, I believe "Duke" or the old Texas Eastern operates it now. You seem to be basing your knowledge of Morgan County Utica Shale off the same layer maps that everyone else has seen. Based off the OHIO DNR maps Morgan County seems to have the thermal maturity associated with liquids or oil but there is definately no way of knowing the magnitude unless you know something that nobody else seems to know throughout the Utica play. In my experience of drilling and completing the very wet area of the Marcellus for a living, it's much more likely that some gas will be associated with any liquids (condensate, oil) present. So yes leasing land adjacent to a transmission lines makes a lot of sense for an operator.

Comment by DrillBABY on June 30, 2011 at 3:18pm

Gentlemen,

I attended a land owner's meeting in Waterford, Ohio (Washington County) last night. A represenative of the "Ohio Land Company" was there acting as a land broker. While he didn't directly confirm it, he mentioned in passing that he was representing Devon Energy in this area. He did say that Devon Energy was opening him a land office in Marietta, OH. They were very much interested in all parts of Washington County and Morgan Counties both, however at this time they were strictly leasing in Adams and Waterford townships. I'm guessing they are starting leasing in these immediate townships because a large Texas Eastern transmission lines runs directly through both townships. The land company was offering $1250/acre with a 90 day term to market your lease to I assume Devon Energy. At the end of that 90 days they had to either have a lease ready for you or forfeit your agreement. I thought a 90 day term was very resonable. My understanding after speaking to the gentlemen was that Devon Energy had first right or refusal on any tract that he picked up in the area.

Comment by William Kern on June 27, 2011 at 6:13am

I would like info on  the Morgan County landowners group.  We have mineral rights to about 1450 acres and have been approached by Artex - we declined the lease offer and are being advised by our attorney - Bill Kern

Comment by Gary Cunagin on June 23, 2011 at 2:56pm

Tim, Thanks, that good news.  I would much rather have a well than a large bonus.  There is are several large pipe lines close by.  I am joining several of my neighbors to form a drilling group.

 

 

Comment by DrillBABY on June 23, 2011 at 11:34am

Gary, PDC is a "moderatly" active driller in the Marcellus currently. They keep one rig drilling fulltime, turning out quite a few Marcellus horizontals/year. The bulk of their Marcellus activity is presently in the Clarksburg, WV area where they are making very good Marcellus wells. PDC is a small, independent OG operator who probably can't afford the big lease bonus's that the CHK's of the world can offer. However, I would venture to say that any acerage they would obtain would be more valuable (more likely to be drilled) than most of the big boys. I'm interested to know if PDC has already picked up addtional leases in your area? Another thought that comes to mind, is there any large transmission pipelines in your immediate area?

Comment by Gary Cunagin on June 22, 2011 at 2:09pm

Finally have a lease doc in hand.   Offer is for $200 per acre and 15%.  The company is: Petroleum Development Corporation from Denver, formerly from West Virginia.  Landman stated there would be a committment to drill in 2 years, but I don't see that mentioned in the lease.  Also the 15% was to be at the well head, but the lease states various taxes would be deducted.  So, we are going to have to talk. No Pugh and not landowner friendly.  Any one else dealing with these guys?

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