"Gulfport will be one of the big winners here, for many reasons, they got in early, they clearly have leaseholds in the best area, the Midstream is moving at light speed, came through there the other day at 3:00 am and the hillsides were lit up with…"
"Wonder what Shell is going to do with the Guernsey County acreage, the little guys are off to the races and not a peep from the big dog, wonder if they will look at Enervest's Guernsey acreage for sale to finish out some units ?
Not sure how…"
"I smell a big rat, wonder how they will back peddle on the 5.5 billion barrels of OIL....
Oil window basically worthless ? Well, that's sort of harsh, not worthless, but also not producible...?
Who is going to pay all of these taxes to lower…"
"How do you divest something under contract ? Hess just spud the 4 well spread in Oxford Twnp Guernsey, you can see from I-70... think it's called the Reed well and should be geologically right on the sweet spot.
That was legacy Consol coal…"
"Funny thing, that's not even the best geology, far from it, that corridor of Harrison, Guernsey, Belmont, Noble and Monroe is gonna do 3x the liquids as Carroll County.... glad to see Chesapeake missed the sweet spot..."
You want to get really creative ? Sit and wait and see what unfolds around you, that will more than likely be good acreage.
Approach whomever is working around you about a participation well, solicit outside investors and pay for your…"
"I heard 3x that for the good areas...the 5 SE counties with the high BTU, large condensate ratios.
Do you have any idea what the true per acre values is in those areas are ?
I heard from an EUR basis.... 50,000 per acre... huh ? It's huge !"
"It's real simple , the old HBP Clinton leases have unitization clauses, most are 80 to 160 acres, those leases were consumated with one thing in mind, Clinton sand wells.... so they had that pesky unit clause they had to deal with this new much…"
"Enervest has clearly stated they wanted to sell the operated acreage outright, I don't know where you are getting this 50% JV stuff,. They more than likely will keep the shallow production. After all, that is the only thing holding the…"
"I certainly hope folks took the time to read your post sir. Great insight from someone who knows "The Game". Thank you for driving home the fact that , no one here is under any pressure to sign anything. Someone posted those PDC numbers…"
"Agree with Paul read your lease, sometimes roads, pad placements were subject to landowner approval (consent) of course always not to be unreasonably withheld.... Of course we all know Aubrey and John Walker are never unreasonable with the…"
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 ]