Richard Fanelly's Page

"The cited article mentions that in Dec the legislature enacted "buffer zones for wells". Do those address only surface matters or off-sets for wells from property lines not included in the drilling unit? RF"

"Have 75 acres along Middle Fork river south of Ellamore. 30 yr old lease w/EQT but still in production. Offered practically nothing for pooling modification. Don't expect to hear from them again until gas prices rise and my immediate area is…"

"Thanks for the input. The leaseholder and shallow wells operator is EQT Production Co. - one of the big boys and a Marcellus developer. I also own 25 acres adjacent to the 50 acre parcel. The 25 acres have never been leased - no Mother Hubbard…"

"                The shallow well developer is most likely getting the spread between the twelve and a half percent you are recieving and the percentage negotiated with the…"

"I have 50 ares under lease with 2 30 year old vertical wells still producing minimally. Three Marcellus wells have been permitted within a five mile radius of my property. Are you suggesting I should not expect more than a nominal signing bonus in…"

"                        If you have been watching the news, you will see that big oil has been buying up shallow well developers. The…"

"I have been contacted by my lessees landman about amending one of our gas leases to add a force majeure clause and a severability clause. I am familiar with these clauses from a later lease we signed on different property , but dont know why we…"

"I'm not inclined to sign a unitizing modification unless I get initial, delay and shut-in rental fees of $100 per year per acre, pro-rata monthly, escalated at 25% every five years following the modification date, and $1000 per year per acre,…"

"I would love to hear more, I need all the education on drilling possible & I am not bored, very helpful info. here, redbank ! THANK YOU"

"the more I think about this Richard.....I see that with the leaseholder wanting to amend the existing lease...is a good opportunity for you to review other parts of the lease and it leaves a good opportunity to clean up where any clean up is needed…"

"MM: I can't say EQT is considering my proposal since I included other terms EQT found objectionable. They simply backed-off and said maybe we'll talk later. The land is in WV and totals 75 acres. But the concept would work…"

"Can anyone share thier experiences in this area?   It seems to me that lots of money was invested to purchase existing leases for the purpose of Pooling and creating larger units to drill deep wells.   The old leases are very attractive…"

"I proposed to EQT that they pay me $1000 per year, escalated at 25% every five years thereafter, for each acre covered by the lease but not included in a drilling unit after the primary term. EQT said they would get back to me if and when my…"

"                  There have been instances where some comapanies ( Hanley & Burd) have paid thousands of dollars per acre for unitization agreements. …"

"Thanks, redbank, for the great ideas. I'll remember that next chance I get (I expect there will be one some day). I especially like the auditing the books idea after a bad experience with another operator. You're right about the landman.…"