Michael Walentosky
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A year ago vs. now
10 Replies

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, 2012.

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owner and Michael Walentosky are now friends
Nov 21, 2012
Michael Walentosky commented on Dave's group 'Crawford County, PA'
"Appalachian landowner services is active in Venango County. I know one of the land agents personally. Very high integrity. Landowner friendly lease, good addendums. Very competitive royalty, no deductions, good bonus."
Jul 11, 2012
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…"
May 20, 2012
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…"
May 20, 2012
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?  …"
Apr 28, 2012
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…"
Mar 20, 2012
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. "
Mar 18, 2012
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?"
Mar 9, 2012
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…"
Mar 9, 2012
matthew h mcsparren replied to Michael Walentosky's discussion 'A year ago vs. now'
"Think you are right, But I don't think he is going to wait."
Feb 13, 2012
eric jenson replied to Michael Walentosky's discussion 'A year ago vs. now'
"Oil! and wet gas.  You will not see a rig go for dry gas @ $2.48  Wilson will wait and buy up all he can when the time is right!  Just a guess! "
Feb 13, 2012
matthew h mcsparren replied to Michael Walentosky's discussion 'A year ago vs. now'
"Not sure about Caffery, But Floyd Wilson is CEO of Halcon, An independent drilling co. Former owner of Petrohawk which he sold to BHP an Australian co. for 15 billion dollars. Then Halcon purchased Ram Energy in a 1 for 3 reverse stock split. Halcon…"
Feb 13, 2012
Michael Walentosky replied to Michael Walentosky's discussion 'A year ago vs. now'
"Randall, Do you thnk the major play will be oil here or gas?   Thanks"
Feb 13, 2012
Michael Walentosky replied to Michael Walentosky's discussion 'A year ago vs. now'
"Is this speculation? Do you have information that states they are one in the same?  Please share with us.  Thanks!"
Feb 13, 2012
randall gottus replied to Michael Walentosky's discussion 'A year ago vs. now'
"...yes, Venango county is just in the beginning stage...When I spoke with the people from shell last month, they stated they will return to Venango county around the 3rd quater of 2012. They just had to return to do a quick final sweep in northern…"
Feb 12, 2012
matthew h mcsparren replied to Michael Walentosky's discussion 'A year ago vs. now'
"Do not think Caffery group and Halcon are one in the same. If so please show me the link I missed."
Feb 12, 2012

Profile Information

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 (3 comments)

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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 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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