Ron Eiselstein
  • Female
  • Landowner
Online Now
Share Twitter

Ron Eiselstein's Friends

  • Dennis Stephen Spisak
  • James Vanderink
  • Upton Sinclair
  • Patrick Murray
  • Audrey Stimson
  • Joseph Chapman
  • sy
  • K
  • DJM
  • TJ
  • Fang F Fang
  • karem bunney
  • Fornax
  • Richard M Clark
  • JohnL

Ron Eiselstein's Groups

Ron Eiselstein's Discussions

"The Northern Utica is Dead, my A#s!"
1 Reply

Halcon, is not to drill anymore "shit#y wells."  BP is rumored to be selling off, earthquakes all over the northern Utica, and the well results are not impressive.  What a thorough propaganda war we…Continue

Started this discussion. Last reply by mark ondrusek 10 hours ago.

"Hitting Crude in the Utica Oil Window"
19 Replies

I will be yelled at for going public with this information, but I love you guys!For months now, independent Clinton well drillers are pulling up crude in the oil window, a new play for the last…Continue

Started this discussion. Last reply by Jason Hathcock 16 minutes ago.

"The Landmen are Winning in the Utica"
8 Replies

My God, I was gone for a few months from GMS and when I return, I can't believe how the propaganda is winning!  As can be seen by my past post, I never really have been critical of Landmen.  I always…Continue

Started this discussion. Last reply by Marcus Grayson 12 hours ago.

"Two New Global Energy Companies wish to infuse Utica Landowners Cash"
23 Replies

What have I been doing during my self-imposed exile from my beloved GMS?  Aside from driving all over the Utica like a tourist and transporting out-of town investors to see pipelines and cryogenics…Continue

Started this discussion. Last reply by Paul Martinelli 7 hours ago.

Gifts Received

Gift

Ron Eiselstein has not received any gifts yet

Give a Gift

 

Ron Eiselstein's Page

Latest Activity

Ron Eiselstein replied to searcherone's discussion 'Antero Pays $15,000 per Acre for Lease of Piedmont Lake'
"@Search,  Great post, this only enforces what we all have been saying here for the past few years.  If we are patient enough, as the infrastructure is developed and units saturate, there is only so much wet gas land left, and those acreage…"
4 minutes ago
Jason Hathcock replied to Ron Eiselstein's discussion '"Hitting Crude in the Utica Oil Window"'
"Very interesting (not being sarcastic, I mean it). I would find a geologic "animation" that covered all this pretty fascinating.  I've always wondered why, particularly when looking at large highway road cuts, some ocean covered…"
16 minutes ago
Paul Martinelli replied to Ron Eiselstein's discussion '"Two New Global Energy Companies wish to infuse Utica Landowners Cash"'
"Kicking to the top.....Waiting to hear more on these new UTICA investors."
7 hours ago
MJ replied to Ron Eiselstein's discussion '"BP To Sell Trumbull Utica Wells and Leases"'
"Such as: "Trumbull County isn't looking too good. BP and Mountaineering will slow/stop drilling plans.""
9 hours ago
MJ replied to Ron Eiselstein's discussion '"BP To Sell Trumbull Utica Wells and Leases"'
"If old Snort does reappear his response will surely be very short and cryptic."
10 hours ago
Ron Eiselstein replied to Ron Eiselstein's discussion '"Hitting Crude in the Utica Oil Window"'
"How are you my friend? You mean the tremor? Jasper my cat as he runs shakes my house more than that. Come by store anytime. Call me so I will br there."
10 hours ago
mark ondrusek replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"agreed ron!  everybody says there is nothing going on in beaver county.  drive around!  there is lots of activity! "
10 hours ago
Bluflame replied to Ron Eiselstein's discussion '"Hitting Crude in the Utica Oil Window"'
"Ron,  I also am pleased to see your return. Are you still in your Poland store? (I assume your mechandise was not thrown to the floor during the recent "earthquakes"!) I've not been to your area recently, but would like to stop…"
10 hours ago
Mike Murphy replied to Ron Eiselstein's discussion '"Hitting Crude in the Utica Oil Window"'
10 hours ago
Mike Murphy replied to Ron Eiselstein's discussion '"Hitting Crude in the Utica Oil Window"'
"Ohio has a long-standing and impressive history of oil and gas production that dates back to the earliest commercial oil well near Macksburg in 1860. The story of how petroleum is created and trapped below the surface is found within the layers of…"
11 hours ago
Mike Murphy replied to Ron Eiselstein's discussion '"Hitting Crude in the Utica Oil Window"'
"thank you Paul .....I think Ron needs to get all his info before asking questions about certain things .....like I said they were drilling a clinton well "
11 hours ago
Paul Martinelli replied to Ron Eiselstein's discussion '"Hitting Crude in the Utica Oil Window"'
"STARK PERRY Ingress Egress EVERFLOW EASTERN PTNS L P Rig: RTAF County Rd: aPATT023089 Purpose: OG 585 W MAIN STREET Township Rd: 9/24/2013 Type: Drill New Well Urban 15000 P.O. BOX 629 Lot: Exists: Municipal Rd: TREMONT AVE TREMONT…"
11 hours ago
Mike Murphy replied to Ron Eiselstein's discussion '"Hitting Crude in the Utica Oil Window"'
"since u know so much about everflow eastern what does the permit say as to what formation they were permitted to drill to for completion .......u seem to know alot with not even having complete info on a subject ........everflow is probably drilling…"
12 hours ago
Marcus Grayson replied to Ron Eiselstein's discussion '"Hitting Crude in the Utica Oil Window"'
"Craig is right.  Most Ohio geos now acknowledge that the Utica was the source rock for the Clinton in many place.  "
12 hours ago
Marcus Grayson replied to Ron Eiselstein's discussion '"The Landmen are Winning in the Utica"'
"Yeah, but that's been happening since Spindletop.  As long as there's money to be made off of someone else there's been marketing--whether organized or otherwise--to make more of it."
12 hours ago
Ron Eiselstein posted a discussion

"The Northern Utica is Dead, my A#s!"

Halcon, is not to drill anymore "shit#y wells."  BP is rumored to be selling off, earthquakes all over the northern Utica, and the well results are not impressive.  What a thorough propaganda war we have up here.  What is a lowly landowner to do up in the northern Utica?  "You get off the computer and ...........ROAD TRIP."Yeah, that is what I did yesterday.  in the last few weeks as I mentioned here during my self-imposed banishment from GMS, I was, because of my engineering training…See More
12 hours ago

Profile Information

What is your role in the Marcellus?
Landowner
Why are you here?
Networking, Learning
Which state(s) are you following?
Ohio
Tell us your story...
A lot of research

Ron Eiselstein's Photos

Loading…

Comment Wall (12 comments)

You need to be a member of GMS: All things pertaining to the Marcellus & Utica shale plays to add comments!

Join GMS: All things pertaining to the Marcellus & Utica shale plays

At 1:33pm on January 28, 2013, Hank said…

Hello Ron,

I saw your post on banks loaning money on mineral rights .....Can you tell me if you know of any banks that are doing this now.

At 9:57am on June 1, 2012, Summer Johnston said…

Ron, I spoke to you about 10 days or so ago but have lost your phone number.

Will you send it to me via PM?

 

 

At 12:05pm on March 10, 2012, stephen brescia said…

HyRon, why do we need to pay to see what is going on in mahoning county? Steve

At 3:57pm on February 19, 2012, David Perotto said…
I understand, fingers crossed. Let me know if new info becomes available on the Columbiana piece.
Thanks,
Dave
At 2:32pm on February 19, 2012, David Perotto said…

Hi Ron,

Alden is moving on the LLC's & agreement. Let me know if you have any questions for me. I have one question for you. When we pay the court, will they require a bank check, seems most likely that this is a yes. I need to open a bank account, probably easier to open at a branch near the court. All other banking can be done online. Do you know the address of the bankruptcy court?

Thanks,

Dave

At 6:29pm on February 10, 2012, ray schmidt said…
At 10:07pm on December 27, 2011, Bruce Behner said…

Thanks Ron, I'll call you tomorrow.  I haven't had time to get online today to check my messages.  I appreciate this, more than you know.  Not only is it hard for me to visit the courthouse because of time constraints but most of the time I'm in Knox county or on the eastern shore and only visit my hometown once or twice a month.

At 5:19am on December 27, 2011, Bruce Behner said…

This land is in Mahoning county, two separate parcels but probably on one lease.  I tried the county website to no avail.  I shot an email yesterday to Nancy Palermo, the county recorder but dont expect much from that either.  Thinking of calling the office later today.

At 1:30am on December 26, 2011, Bruce Behner said…

Ron,

I am in search of my existing lease for old wells that was signed somewhere in the 20's.  Ive tried the courthouse but with all the action in my area it has been packed with a line down the street a mile long.  I was told all records were digitized but after a search on the county website I couldnt find anything on my property.  I dont have a lot of money for lawyers so I'm trying to do as much footwork as I can myself.  Do you have any suggestions? I know I sound impatient for not waiting at the courthouse but I have a life outside this shale play.

At 6:57pm on November 19, 2011, Dave said…

It is almost impossible to imagine that 10 years ago the United States was facing a real natural gas supply problem. This TIME article discussed the pending natural gas shortage facing the nation in 2003:

“This comes at a time when Americans are heading into their first big energy squeeze since the 1970s: a shortage of natural gas, the invisible resource used to heat homes, fuel kitchen appliances, generate electricity and manufacture many of the chemicals we use. The shortage has triggered a sharp rise in prices that is likely to exact a heavy toll on low- and middle-income Americans, especially those living on fixed incomes. Home heating bills last winter more than doubled in some areas, and they are expected to go up at least another 20% this winter. Electric bills also will spike because generating plants are increasingly gas-fueled. And in places like Louisiana, where the petrochemical industry makes up a big part of the local economy, the shortage is causing a loss of jobs, with at least 2,000 layoffs so far. The entire industry may be forced to move offshore over the next few years if there is no relief.“

Things looked bleak enough on the domestic natural gas supply front that plans were made and capital invested in LNG import terminals to bring natural gas into the United States from abroad.

But something happened. Shale gas.

Driven by independent energy producers like Chesapeake (CHK), Southwestern (SWN) and XTO Energy, technological advancements utilizing horizontal drilling and multi-stage fracturing opened up previously uneconomic sources of natural gas.

What was once a looming shortfall of natural gas became an abundance as natural gas shale plays like the Barnett, Fayetteville and Haynesville were rapidly drilled up. These companies were actually too successful as the ramp up in natural gas supplies cratered the price of the commodity that they were selling.

With natural gas prices in the $4 range much of the natural gas being produced today is not making much (if any) money for the companies producing it. In my mind at some point market forces are going to have to reduce supply so that prices push back up to a level where a reasonable return is available for producers.

One place to look for hope for natural gas prices is by examining what the largest producers are doing. If they are taking actions to reduce supply, perhaps in time a better price will be the result. In reviewing the most recent presentation from Chesapeake Energy I found some encouraging details.

Consider the following from the presentation linked above:

In 2000 U.S. natural gas production was 54bcf/day
In 2011 U.S. natural gas production was 64 bcf/day
That is an increase of 10 bcf/day
In 2000 Chesapeake was producing 1.1bcf/day
In 2011 Chesapeake was producing 5.4bcf/day
That is an increase of 4.3bcf/day
Amazingly 4.3bcf/day of the 10bcf/day increase in U.S. natural gas production came from one company, Chesapeake Energy. Chesapeake accounted for 2% of U.S. natural gas production in 2000 and 9% of U.S. natural gas production in 2011.

And that company is now about to intentionally cease growing its natural gas production as it shifts capital to liquids and oil plays. This move by Chesapeake alone is going to remove much of the growth from U.S. natural gas production.

Of course Chesapeake isn’t alone in slowing natural gas drilling. Any company that can is doing the same thing as oil production is more profitable than natural gas production at current commodity prices.

With capital spending directed toward emerging unconventional oil plays and drilling shale gas wells needed to hold leasehold interests coming to an end we can at least see that at least the rapid supply growth of the last decade should be coming to an end.

If we can also get some help through an increase in demand there may be reasons to be bullish on natural gas. The following forces will contribute on the demand side, how much I’m not sure:

The United States will begin exporting LNG in 2015 into foreign markets where prices are much higher.
Continuation and acceleration of the shift of power generation from coal to natural gas.
Construction in the United States of Gas to Liquids Plants.
An increase in Compressed Natural Gas vehicles.
The forces are starting to work toward an improvement in natural gas prices. The question becomes do you lay your bets now on a recovery or do you wait until the recovery is clearly underway.

At this point I don’t know the answer to that question.

 
 
 

Local Groups

advertisements