Activity in the County (Leases, infrastrature, drilling)

Just was curious to hear of any activity going on in Venango county.  Anything from talks of leasing, to actually signing on the line of a lease. 

What have the offers been for potential leases?  Any good addendums you were able to negotiate?

Has anyone heard how the completion went for the Seneca Resources well?

Hopefully 2012 will hold a lot more activity for this industry founding area.

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Replies to This Discussion

Permalink Reply by Jim Litwinowicz on March 26, 2012 at 2:09pm

Would like to know the size of the line and how far it goes.  That could be a big development for southern Venango Co. Is LMM a subsidiary of Williams? That would also be big news.

Permalink Reply by Dave on March 26, 2012 at 2:17pm

also looks like Hanover? is looking at doing a line from slippery rock to beaver

can't give details don't know them other than its supposed to be a big pipe

Permalink Reply by owner on March 27, 2012 at 10:10am

Brian, why do you say the pipeline is going north/south.   From your picture it looks more like East/West.   Thanks   Mark

Permalink Reply by Brian on March 27, 2012 at 11:32am
Entering our property it is east/west. Leaving our property it runs in a north/northeast direction.
Permalink Reply by Jason Bablak on March 27, 2012 at 11:38am

Did they say what size pipe they want to install?

Permalink Reply by Brian on March 27, 2012 at 11:47am
They want the option of up to a 24" line.
Permalink Reply by S P on April 16, 2012 at 8:23pm

I just checked with shell they are not leasing in venango county now at least thats what they told me.  Fyi

Permalink Reply by Garrett Westover on April 16, 2012 at 8:27pm

They told me they were not leasing Venango County right now!  They did say they will be back, just don't know when...

Permalink Reply by S P on April 16, 2012 at 8:35pm

i just got an offer of 2800 plus 17 % royalties how is that offer? I am new to this

Permalink Reply by Garrett Westover on April 16, 2012 at 8:37pm

You should be getting at least $3250 to $3300 per acre with 18% royalties...no deductions

Permalink Reply by S P on April 16, 2012 at 8:39pm

I only have 18 acres does that matter and do you know of any other companies to check with, the above is from Adapt.

Permalink Reply by Garrett Westover on April 16, 2012 at 8:42pm

some people signed with Caffey Group

aka Halicon

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