Ron Eiselstein
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Ron Eiselstein's Discussions

"W Penn Well, Gateway to Mahoning and Trumbull?"
1 Reply

By its lonesome in WPA sits a brand new well called the Ambrosia well on Baird road, near the Ohio line north of the Mahoning river.  I knew about this well when we helped auction off 1000 acres in…Continue

Started this discussion. Last reply by pat n 20 hours ago.

"Ashtabula's Secret"
8 Replies

The State of Israel has an ingenius plan to reverse itself as an importer of NG to an exporter as a result of its recent monster Laviathon discovery in the Mediterranean.  Egypt has a brand new LNG…Continue

Started this discussion. Last reply by Ron Eiselstein on Monday.

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

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 McGrail 5 hours ago.

"Hitting Crude in the Utica Oil Window"
21 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 time will tell on Sunday.

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Latest Activity

Mark McGrail replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"Snort, Isn't it possible that as "techniques" improve and NG prices rise that the Columbiana, Mahoning, Trumbull, Ashtabula and Mercer counties will become more economically viable. At least enough to attract some…"
5 hours ago
Mark McGrail replied to Ron Eiselstein's discussion '"The Landmen are Winning in the Utica"'
"I believe a good place to start would be for you to tell the folks here on GMS how much you asked for in up front money and the royalty amount. If I'm correct it was $10,000 an acre and 25%. Have you settled with CHK on these issues ?"
5 hours ago
Steven replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"U didn't happen to drive through washington county ohio did you? Was wondering whets going on here. There is not even talk going on in washington co."
7 hours ago
Michele replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"What parts of Columbiana County do you think won't be developed?????"
7 hours ago
David Perotto replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"To continue this pump thought, I found this on the Eagle Ford Forum: Eagle Ford As previously announced, at Abraxas’ Jourdanton prospect in Atascosa County, Texas, the Blue Eyes 1H averaged 405 boepd (383 barrels of oil per day, 134 mcf of…"
8 hours ago
Ron Eiselstein and Teri OHIO are now friends
8 hours ago
MJ replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"He might know but you wou"
9 hours ago
Ron Eiselstein replied to Teri OHIO's discussion 'Milliken Well status And Industry Environmental Impact Questions:' in the group Harrison County, OH
"I like your Spunk especially from the home of Clark Gable.  PM me and we can talk.    Thanks, Ron"
9 hours ago
Craig Stull replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"Joseph, There is relatively new technology( 6 months) that is replacing the pump jack, it is called a F.L.E.X. pump. Basically it is a electric submersible pump that is put down into the well. O/G companies are having really good results…"
11 hours ago
MJ replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
""Low hanging fruit" indeed!"
11 hours ago
Joseph-Ohio replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"Perhaps the most optimistic scenario for we in Ashtabula and Trumbull Counties would be for the southern tier production to decline rapidly, infrastructure in the north to also be developed rapidly and technology to catch up to what will be required…"
12 hours ago
Snort Widley replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"Agree with you Utica; not all of Columbia Co will get developed.  "
13 hours ago
Snort Widley replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"It's not clear yet if SE Stark is going to economic.  There isn't enough production data to see how fast the initial production falls off.  The oil window line of death is not well defined."
13 hours ago
Snort Widley replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"Yes Joe, and into PA but can't say how far, haven't mapped much into PA."
13 hours ago
Michele replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"Thanks everybody!!!!"
14 hours ago
David Mohn replied to Ron Eiselstein's discussion '"The Northern Utica is Dead, my A#s!"'
"Snort, any ideas of what southeastern Stark County might be like.  I am talking in the Canton Alliance area.  It seems so quite here and I figure we are right in the middle between the north and the south and according to the maps, we are…"
14 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

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Comment Wall (12 comments)

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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.

 
 
 

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