Jack Young
  • Landowner, Gas Professional
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James L. Mitchell and Jack Young are now friends
Tuesday
Jack Young replied to Scott Blumenstock's discussion 'grouping together with neighbors?' in the group Potter County, PA
"Never noticed this post before. Contact me - I can probably tell you who has the oil and gas rights under your land. It's not likely to be the Bingham Estate, as their property in Genesee Township all went to a couple other parties."
Monday
Jack Young replied to G S Gass's discussion 'If your lease expired, then request a "Surrender of Lease"' in the group Potter County, PA
"Almost all the wells are horizontal. The Marcellus just hasn't proven to be very good in the county. Look up the productions reports the DEP has on-line. There's no solution in sight unless technology improves or some undrilled part of the…"
Monday
Jack Young replied to G S Gass's discussion 'If your lease expired, then request a "Surrender of Lease"' in the group Potter County, PA
"If the price was $10/mcf then some of the wells might be profitable, but we're likely to see prices stay below half that level for the next 25 to 30 years due to the enormous reserves of shale gas that have been discovered…"
May 12
Jack Young replied to G S Gass's discussion 'If your lease expired, then request a "Surrender of Lease"' in the group Potter County, PA
"Bad drilling results - there hasn't been a single profitable shale well drilled in Potter County yet. It's been a write-off for everyone so far. We need a good well to bring them back."
May 10
Jack Young replied to Frank Walker's discussion 'Title Washing declared unconstitutional by PA court - Amy pay heed'
"Everything is state-specific in property law, so Ohio rules aren't relevant in PA. New York had something very similar to the old unseated tax sales at one time, however, so there are often parallels. But none of this has anything to do with…"
Apr 29
Jack Young replied to Frank Walker's discussion 'Title Washing declared unconstitutional by PA court - Amy pay heed'
"I wish I could take the time to explain this to you fully, and after many years working as an oil and gas title attorney I certainly could, but that's just not feasible. To someone with experience in all this the opinion makes perfect…"
Apr 29
Jack Young replied to Frank Walker's discussion 'Title Washing declared unconstitutional by PA court - Amy pay heed'
"Unseated tax sales (which only took place many years ago - there's no such thing today) were "in rem" - that effectively meant that the land owed the tax, not any individual owner. So if the property was assessed without limitation…"
Apr 28
Jack Young replied to Frank Walker's discussion 'Title Washing declared unconstitutional by PA court - Amy pay heed'
"This isn't actually a case on wash sales as they're known to oil and gas attorneys. The tax sale law did indeed change in the late 1940s, and nobody I know believes that tax sales after that date impact unassesed oil and gas rights. Indeed…"
Apr 28
Jack Young replied to Mengliu Lu's discussion 'Interested in leasing Utica in PA'
"To answer your original question, there's no significant leasing being done in McKean or Potter County right now that's focused on the Utica, and so there's no market price to report. Many landowners remember the prices paid during…"
Apr 25
Jack Young commented on Jonathan Peifer's group 'Tioga County, PA'
"That's not an area where we have acreage, so I've never looked at that part of the county much. But we had a swap arranged once for OGMs at Arnot that fell through, and I remember being very favorably impressed by what…"
Apr 10
Jack Young commented on Jonathan Peifer's group 'Tioga County, PA'
"They certainly used to when the logs were much less complex. I haven't been to a PA Geologic Survey office since horizontal drilling started, however, since the new logs are too complex for a layman to interprete. The DEP and the Geologic…"
Apr 9
Jack Young commented on Jonathan Peifer's group 'Tioga County, PA'
"I can't remember what I paid last time around - it's less than it used to be, I know that. Regarding well completion data, some operators have always been slow to provide it, and others don't report…"
Apr 7
Jack Young commented on Jonathan Peifer's group 'Tioga County, PA'
"Paleface, if you subscribe to PA-IRIS you can see the detailed permit application for Shell's Utica test. The vertical depth to the Utica is roughly 11,000'. The TBR is just above the Utica, so it would be shallower, not deeper."
Apr 7
Jack Young commented on Jonathan Peifer's group 'Tioga County, PA'
"Pressure and depth are correlated, but it's not a 1 to 1 relationship. We know that the Utica is roughly 11,000 feet deep there, but you'd need to know the pressure/depth ratio that's common in the Utica to be able to…"
Apr 7
Jack Young commented on Jonathan Peifer's group 'Tioga County, PA'
"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…"
Apr 5

Profile Information

What is your role in the Marcellus?
Landowner, Gas Professional
Why are you here?
Learning
Which state(s) are you following?
Pennsylvania

Comment Wall (5 comments)

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At 10:15pm on March 19, 2013, chris barton said…

hi jack its been a long time try my number 412  271  9000  chris barton i look forward to  catching up with you

At 1:11pm on December 1, 2011, Don Wiff said…

Jack: Thank You. We felt this was the siuation, but never had substantiation.  What do you do to have all this info?

Thanks Again and have a wonderful Christmas.

                                                                              Don

At 9:30am on December 1, 2011, Don Wiff said…

Jack:  From the most recent deed, it is part of Subdivision No. 348.  The original deed is in Book 499, page 777.  The most recent deed is in Vol 532, page 178-180.  The land was originally purchased from an old Swedish estate of which two of the nine owners were children of the estate.  It is used to enjoy nature, so I guess no matter how things turn out the original purpose will be preserved

At 9:13am on December 1, 2011, Don Wiff said…

Jack: MIneral, gas, and oil rights for our property I do not know.  We can't afford a lawyer to do the search.  The courthouse woman said I could come in and search the deeds.  Online I search them as far back as I could.  I have to go into the courthouse to search back to 1940.  Is there an easier way?  My father always said the mineral, etc., rights are gone.

At 8:16am on November 30, 2011, Don Wiff said…

Jack:      Thanks.  We have owned 52 acres for seventy or more years in the middle of the Nat'l Forest.  Just wondering if we can get money from natural gas.  No more timber for maybe ten years.

     What is OGM?

Don

 
 
 

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