Comment

Comment by Ann Ticopa on April 6, 2013 at 10:30am

Essentially, agree with Jack Young.  In the first quarter of 2013, SWEPI SPUD 9 wells in Tioga County, down from 41 in the first quarter of 2012.  Not only Tioga County is down:  last first quarter SWEPI SPUD 9 wells in Butler and 5 in Lawrence, 0 this year.  

The DEP no longer includes well depth in their public reports, but there have been weels drilled to Utica depth in TC.  But until we see signs of permits for separator stations and ethane pipelines, it's unlikely commercial quantities of NGLs have been found. 

Comment by Brian Day on April 5, 2013 at 11:22pm

I'm pouring a wee dram and going to bed now Jack.  Make the last comment and you can win on April 5th.  Is it still April 5th in PA?

Comment by Brian Day on April 5, 2013 at 11:20pm

Oh let's not insult the Potter County boys and ladies! You and I can trade insults. Who knows, Potter County may beat us all in value before the dust settles.  I have said most of what I have to say on this site already.  Frankly, if any damn fool who has not leased yet signs the first lease tossed across the kitchen table, after he has read my comments, Fang fang's comments, and other land owners -even the fire brand Frank Dux, that land owner deserves the swindle he or she gets.  Some of the really crooked clause should be obvious by now.  No one should sign a lease without a compatent lawyer.  If the land owner doesn't like the lease, toss it back across the table.  The gasco will keep coming back.

Comment by Jack Young on April 5, 2013 at 11:10pm

Nobody outside Shell can give you firm data like that, but if the pressure was that high anyone at Shell who passed the figure along to a landowner would have been fired on the spot. I'm just trying to suggest that it will take a lot to shift attention from the Marcellus to another formation in the current price environment even if Shell can sell some gas there. And the Utica is a much more expensive shale to produce, which doesn't help either. Things could be worse, of course - your acreage could be next door in Potter County!

Comment by Brian Day on April 5, 2013 at 10:55pm

It doesn't matter Jack.  I am probably leased to eternity and not very profitably either.  I didn't quit my day job or buy a yaht on the promise of big royalties.  I was just having some Friday night fun with you.  If the shoe I provided doesn't fit, you'll have to go barefoot like the rest of us.

The land owners of the well were told 15,000 psi by Shell.  Maybe Shell told you something different.  Would you share with us?  It is dark out here on the wellpad of dreams.

Comment by Jack Young on April 5, 2013 at 10:45pm

It wasn't 15,000 psi. I've already got more acreage than I need, and I don't buy leases. I just try to be helpful when I know something others don't.

Comment by Josie on April 5, 2013 at 10:33pm

Me too Brian, Layer by Layer, yard by yard, foot by foot, inch by inch to the center of the earth. (smile)

Comment by Brian Day on April 5, 2013 at 10:13pm

I half wonder if some speculaters in Ohio leases are afraid the rigs will leave and come back to Pa.  I don't think they have much to worry about for a while yet.  Still, those that sleep with the devil live in constant fear I suppose.  If New York State lifted their moetorium tomoorow, it might be interesting to see if a scramble occured.  If I owned land up there, I would certainly lease it layer by layer.

Comment by Josie on April 5, 2013 at 9:51pm

Hmmmmmmmm! I wonder.

Comment by Brian Day on April 5, 2013 at 9:47pm

Is 15,000 pounds a lot of pressure?  sounds like a good amount to me.  Are you trying to buy some cheap leases in Tioga County Jack?  I think the ground is mostly all spoken for, sorry.

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