"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."
"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…"
"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…"
"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…"
"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…"
"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…"
"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…"
"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…"
"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…"
"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…"
"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…"
"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."
"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…"
"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…"
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
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.
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]