kathy's Page

"We had an offer a few weeks ago from Seneca.  $3700 and 18%.  My father is handling it so I dont know all the details.  Lewis township just north of Trout Run."

"Seneca pulled their offer off the table saying they were unable to get the unit together.  No other word of any other activity yet."

"Just received an offer from Seneca Resources for a 5 year lease for 4K/acre and 19% royalties. Rumor has it they are running from Rose Valley down towrd Trout Run. Has anyone in that area signed recently or fielded any offers?"

"Statoil bought 33% of the interest in the Marcellus only from Chesapeake. A couple of billion dollars targeted in the drilling/exploration account is not drying up and cannot be "shifted".  Mitsui bought 25% of Anadarko's…"

"Good post, Tom. I think you hit the nail on the head. A number of leases in this area are lapsing without renewal for these reasons. Absent a radical shift, they will bw back to pick these up and probably with a better result (and a higher new lease…"

"That was even better to know. Thanks. I am sure that is a wonderful way to look at it! Appreciate the insight."

"Only if you need money tomorrow.  Eventually, it is going to happen.  Further, the silver lining is that 2 years from now the technology will be so much better that you will recover more gas from your well.  While rather morbid as an…"

"Not good news for us  "

"As the foreign money runs out (like Statoil funds paying many of the exploration bills), drilling will slow until gas prices increase - especially since there is a one month payback on wells drilled in the Eagleford/Woodbine.  Many companies…"

"Oh and if you don't sign and all  your neighbors sign, than you actually have less of a chance of them drilling on your property, I believe. Personally speaking, show it to your gas lawyer, the contract I mean. They try to rush you and get…"

"Elexco isn't one of the big seismic companies that have taken over in Lycoming County but they sure are hitting Huntersville hard. In looking at my parents "lease" I noticed it didn't have the lease "look" to it. Also,…"

"I agree completely. They want us to think little and fall into their hands with the hurry hurry and sign tactics. A ROW is not a rental. It is a pemanent ROW which will be in place for generations. The money would be really nice but not for what…"

"Anyone signing for ROW offers in Gamble Twp? We were contacted today. What is the going rate there? Thanks!"

"They printed a followup a few days ago in regards to how many complaints they recieved after writing last week that they would have it in the paper this weekend. They said that whenever possible they won't be including addresses.. Benefit is to…"

"Hey where is all the Lycoming County chatter? Where is everyone, basking in the glory of their financial success? :) would love to hear what is going on where!"