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Michael Walentosky
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Michael Walentosky's Discussions
A year ago vs. now
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A year ago there was very little if any real activity pertaining to leasing in Venango County. Things have really changed in the last year. There have been some set backs, but things generally are…Continue
Started this discussion. Last reply by matthew h mcsparren Feb 13.
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Michael Walentosky replied to Lorrene Wagner's discussion 'signing lease' in the group Venango County, PA"Having an attorney review your lease is a great idea. Signing a "marketing agreement" with an attorney group from Pittsburgh is not the same. Please don't confuse the issue. If and when the development actually hits the…"
Michael Walentosky replied to Lorrene Wagner's discussion 'signing lease' in the group Venango County, PA"This type of high contract should be illegal. I hope someday that it is. I would not give these guys one penny. It sounds like a bad five year marriage....I would wait until you find a legitimant offer from a reputable landman. It is…"
Michael Walentosky replied to p umpjack's discussion 'Is the big money gone for Venango County?' in the group Venango County, PA"I signed a lease with Shell (Swepi) in December of 2011. They were very professional to work with, and they are honoring leases signed. It is my sincere hope that they resume leasing activities here. I would highly recommend…"
Donna left a comment for Michael Walentosky"Mike, I'm trying to talk to someone who has had dealings with Adapt Energy. Do you know Robert Vepich? I think he leased with them but he doesn't respond to my friending him. Can you help me with any info? …"
Michael Walentosky replied to p umpjack's discussion 'Is the big money gone for Venango County?' in the group Venango County, PA"Problems with initial frack probably had an impact on these numbers. Hopefully, better numbers to follow. Some wells in Butler county don't come in this good without fracking problems. First test well in area,…"
Michael Walentosky replied to p umpjack's discussion 'Is the big money gone for Venango County?' in the group Venango County, PA"John (or anyone else who can speak to this)
What is the best lease offer you have been able to broker in Venango County? Are the lease offers different in different geographic arease of the county, or are they similar? What do you feel the major…"
Michael Walentosky replied to p umpjack's discussion 'Is the big money gone for Venango County?' in the group Venango County, PA"Is this the Adapt offer?"
Michael Walentosky replied to p umpjack's discussion 'Is the big money gone for Venango County?' in the group Venango County, PA"I received a post card from Bruner Land Company, they claim they are a reputable company that is interested in buying acreage in Venango County, with or without mineral rights?? Has anyone heard of them?? What are they…"
Michael Walentosky replied to p umpjack's discussion 'Is the big money gone for Venango County?' in the group Venango County, PA"I was at the Venango County Courthouse this week. There were at least 50 abstractors doing title work. Who is paying them and and what exactly are they hoping to find in Venango County? I would tend to think this is not…"
Michael Walentosky replied to p umpjack's discussion 'Is the big money gone for Venango County?' in the group Venango County, PA"Range is being acquired by shell? Give a timeline on when you think this will go down. Thanks.
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Michael Walentosky replied to p umpjack's discussion '$2750.00 and 16% and shallow reserved?' in the group Venango County, PA"ARE YOU ASKING OR IMPLYING??????"
Michael Walentosky replied to Brian's discussion 'Activity in the County (Leases, infrastrature, drilling)' in the group Venango County, PA"Brian,
I am not sure how many acres they signed. Our group is contingous to the high pressure Tenn. Valley Gas line. What were the terms of the lease signed in Nickleville? Hopefully, a Utica test well will be drilled this summer…"
Michael Walentosky replied to Brian's discussion 'Activity in the County (Leases, infrastrature, drilling)' in the group Venango County, PA"Brian
Shell leases in Cranberry Township are due to be paid in April. With the Cracker Plant announcement I think we are in good shape. We are waiting to clear title. "
Michael Walentosky replied to Lisa S.'s discussion 'Did anyone else receive a letter from Caffey Group?' in the group Venango County, PA"Do you know what companies are planning on drilling? Have they filed permits? In what specific areas of the county will the be looking for oil and or wet gas? In the utica shale or marcellus?"
Michael Walentosky replied to Lisa S.'s discussion 'Did anyone else receive a letter from Caffey Group?' in the group Venango County, PA"myles
What areas of venango county have wet gas and oil. Has this been determinied through testing, or actual well production? This is the "million dollar question" Any info that you can share would be benificial to…"
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- What is your role in the Marcellus?
- Landowner
- Why are you here?
- Networking, Learning, Leasing Your Land
- Which state(s) are you following?
- Pennsylvania
Comment Wall (4 comments)
- At 10:39am on April 28, 2012, Donna said…
Mike, I'm trying to talk to someone who has had dealings with Adapt Energy. Do you know Robert Vepich? I think he leased with them but he doesn't respond to my friending him. Can you help me with any info? Donna
- At 10:28am on February 3, 2012, Jasper Johnson said…
Mike,
did Shell allow you to retain your "shallow' rights? I've typically heard that Shell wants everything from surface and down.
- At 3:07pm on January 28, 2012, Jim Litwinowicz said…
I don't have any idea of how Shell is going to proceed. It seems very strange that they called people that were to sign this week and told them the offers were off the table. If they will not sign these people then they will sign very few.
They might try to sign people adjacent to properties like yours if they need them to form a unit but i am just guessing. And depending on your lease, they may have the option to reject your parcel or others. Most leases give them that option.
You should call your land man. If he doesn't return your calls. Shell has an office in New Castle directly across the Giant Eagle on Butler Rd (422) Go there and try to get some answers. And let me know what the tell you!
- At 8:35pm on November 16, 2011,
George Brown said… Hi Mike
I signed with Shell for $3250/acre and 18%.
Here are some ideas for addenda to a lease.
- Make sure the royalty is gross, at the wellhead rather than net after deductions
- Pugh Clause
- Restore premises to pre-drilled conditions
- Shut in limit, 5 years or less if you can get it.
- Oil and gas only (not things like gold, uranium, copper, etc).
- Lease release - just states that they need to provide you a written release if/when the lease is terminated for any reason.
Hope that helps.
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