Venango County, PA

All things pertaining to leasing and drilling in Venango County.

Location: Venango County
Members: 207
Latest Activity: Jan 17

Discussion Forum

Seneca Resources ? 8 Replies

Started by Chris Williams. Last reply by Jo Oct 27, 2014.

Halcon in French creek township 2 Replies

Started by jay patterson. Last reply by jay patterson Aug 21, 2014.

Activity in the County (Leases, infrastrature, drilling) 235 Replies

Started by Brian. Last reply by Brian Jul 9, 2014.

New Pipeline in Southern Venango County 12 Replies

Started by Brian. Last reply by Brian Oct 20, 2013.

Halcon Operational Update for Venango, Mercer and Crawford counties 4 Replies

Started by RoughRice. Last reply by Tim Tarr Jul 5, 2013.

Pennsylvania Land Owners Upset About Gas Drilling Royalties

Started by Robert Goodfellow Jun 24, 2013.

"Allam to National Fuel Pipeline Project" 3 Replies

Started by RoughRice. Last reply by RoughRice May 29, 2013.

Good idea? New seminar series...

Started by David May 24, 2013.

Halcon - Desko 2H Well Plats

Started by Oliver Perry May 24, 2013.

Comment Wall


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Comment by Jim Litwinowicz on January 17, 2015 at 7:11pm

Looks like some insiders have been buying HK in December, maybe a good sign

Comment by Matthew Santiago on January 17, 2015 at 8:11am

Sam, I bought some HK at $1.70, I figured it was worth the risk at these low prices if they can survive this oil beat down.   Also bought some Rexx.  I remember in 2007 when everyone was running from bank, auto,& insurance stocks.  Now I wish I had bought all those sectors. All we need is a rebound to $70 in oil and these companies will gain some real traction, might take some time however.

I keep thinking of the line from "Its a Wonderful Life" , "Can't you understand what's happening here? Don't you see what's happening? Potter isn't selling. Potter's buying! And why? Because we're panicking and he's not. That's why. He's picking up some bargains."  


Comment by Samuel J. Orr on January 16, 2015 at 10:10pm

Halcon  (stock symbol HK) closed at $1.20 down over 10% in just one day. If I had any nerve I'd by 5000 shares. I still have my 1500 bought in 2012 at $7.42 per share.  Idiocy is idocy is idiiocy. .

Comment by Samuel J. Orr on January 13, 2015 at 10:25pm

This site is deader than a dead cat. When I last looked earlier today, Halcon stock was $1.49 / share. Why I still have my 1500 shares at $7.42 / share is incomprehensible other than it establishes the fact that I am  an idiot!

Comment by Samuel J. Orr on November 29, 2014 at 1:03pm

See my post of yesterday to Mercer County Comment Wall. Halcon's stock was down over 20% on Friday and closed at $2.27. If crude prices stay as low as they are for even 3-4 more months, I believe Halcon's survival is unlikely. Other small E&P companies also saw their share prices fall dramatically. See Yahoo Finance.

Comment by Samuel J. Orr on November 23, 2014 at 9:57am

Bob Rock: Thanks for the link. It brings up the article out of West Vrginia referred to in my post below.

Comment by shesrushmore on November 23, 2014 at 8:40am
Is there anyone buying mineral rights in Venango?
Comment by Bob Rock on November 23, 2014 at 8:16am
Comment by Samuel J. Orr on November 23, 2014 at 6:28am

More Potential Good News: Yesterday I discovered an article from "The State Journal, West Virginia's only business newspaper". The article is by Suzanne Elliot and is dated November 20, 2014 as updated November 22, 2014. The content and the tone of article suggests that Shell may actually build the plant at the old Horsehead Site in Monaca in Beaver County. See my recent comment to Mercer County Comment Wall.Perhaps by now someone will have posted a link to the article. 

Comment by Samuel J. Orr on November 22, 2014 at 11:26am

Big News!! Go to Mercer County Comment Wall and read comments over last few days. Halcon seeking permits to build pipeline from Five Points area in Mercer County all the way into Venango county and ending not far from Allam Well. See post by Bob Rock to Mercer county comment Wall where permit application is attached and also Maps of the course proposed pipeline will follow in both Mercer and Venango counties.


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