"It is reported that the average length of a Range Resources well is a little over 3000 feet. 5 acer well pads are not uncommon. Wells are drilled in two directions as determined by geologists and engineers - approximately NNW-SSE.…"
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1956
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Sam Douglass replied to 1956's discussion 'Why is evreyone giving the rights up' in the group Crawford County, PA
Jim Litwinowicz replied to 1956's discussion 'Why is evreyone giving the rights up' in the group Crawford County, PA"Yes, a good discussion. Fluidity is important. When we first started, Marcellus was the play and we are on the edge of it so we set a price target of $1500/acre. Company A wouldn't go above $750. As time went by we learned about the Utica…"
"Agreed in some respects. WE have what THEY need....
Historically, the operators came in and acquired what they needed at an insulting and what should be an illegal price.
The elevated levels of communication via forums such as this have…"
Jim Litwinowicz replied to 1956's discussion 'Why is evreyone giving the rights up' in the group Crawford County, PA"Mr Rox; I have no issue with landmen that are honorable as many are. But many are not. That can also be true of people leading groups or purporting to represent landowners. As in all fields of endeavor, there are good, not so good, and bad. (I say…"
Sam Douglass replied to 1956's discussion 'Why is evreyone giving the rights up' in the group Crawford County, PA"I like landmen. Most of them adhere to a code of ethics. The work hard and they have learned to do their job well. The job of a landman is to sign up as many acres as possible on the best terms possible so the company will have…"
"Mr Litwinowicz,
I am a Landman. I also work in Mineral Rights Acquisition.My personal experience to date has been that MANY groups ultimately solicite the industry professionals that deal directly with drilling companies. It is also my experience…"
1956 commented on Dave's group 'Crawford County, PA'"Was offered $1000 per acre for five years. I think I’ll wait a few more months I heard $8,000 per acre is possible. Has anyone else heard better."
1956 commented on Dave's group 'Crawford County, PA'"The NWPA will lock your land up with all of Crawford county and some surrounding counties. Keep this in consideration you own your land and your local neighbor will be the ones that will be a better to group up with. Take East Mead Township for…"
Sam Douglass replied to 1956's discussion 'Why is evreyone giving the rights up' in the group Crawford County, PA"It depends on the group and the contract you make. As I understand it the NW Pa group, at least at the moment, does not bind anyone to anything except a little front end money to make it work. After the group is done you could still…"
1956 commented on Dave's group 'Crawford County, PA'"Kim you need to look at your lease. A lot of the leases will say nothing but you will find that your lease will lock in at all depth limits, I own a farm not a land agent or an expert on gas lease but have friends that can help you CALL Gary Lynn…"
1956 replied to Ron Eiselstein's discussion '"Is Ohio's Utica now worth $20,000 per acre?"'"Ohio sound that it can control everybody land well we will see how Pa. does"
1956 replied to Ron Eiselstein's discussion '"Is Ohio's Utica now worth $20,000 per acre?"'"They’re going to be a lot of fighting and the Lowery will win big. As for the state stepping in I think it will stay far from this because of all the landowners that will take up arms to protect their land and mineral right and a landowner…"
1956 replied to Ron Eiselstein's discussion '"Is Ohio's Utica now worth $20,000 per acre?"'"Hi there, after hearing everyone comment on group meeting. They all need to understand one important thing. Land groups might be the way to go but if one landowner decides not to sign up with a group or a gas company what is the outcome. A landowner…"
1956 commented on Dave's group 'Crawford County, PA'"Hi there, after hearing everyone comment on group meeting. They all need to understand one important thing. Land groups might be the way to go but if one landowner decides not to sign up with a group or a gas company what is the outcome. A landowner…"
Sam Douglass replied to 1956's discussion 'Why is evreyone giving the rights up' in the group Crawford County, PA"Large or small probably has little to do with a landowner's right to make her or his own deal.
What you have to sign when you join the group does matter. Some group contracts or contracts offered by agents and flippers can limit…"
Profile Information
- What is your role in the Marcellus?
- Landowner
- Why are you here?
- Leasing Your Land
- Which state(s) are you following?
- Pennsylvania
- What shale plays do you follow?
- Marcellus, Utica
- Tell us your story...
- none
Comment Wall (1 comment)
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- At 10:16am on September 27, 2011, xtreeman said…
- Some will not be patient. The dollar figures are not the only goals of the group. A landowner friendly lease with good protections is important as well and are very difficult to get on your own. No single landowner gets anything more than anyone else - words travel fast as the market figures what leases are worth.
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