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Let's discuss what no one seems to want to talk about now is not the time to lease
1 Reply

 I have read pages upon pages of discussions from this and other counties and no one is talking about the elephant in the room. Nat Gas hit another 10 year low today at $2.19 so although there may be…Continue

Started this discussion. Last reply by paleface Mar 28.

Is there a minimum or a maximum number of years for the primary term of a lease?
1 Reply

I have a general question. Is there a maximum or a minimum term for an oil and gas lease?Continue

Started this discussion. Last reply by Michael Householder Feb 19.

Why are unit sizes so important?
4 Replies

The function of units is to let producers tie up the maximum amount of property possible as HBP, (Held By Production). Smaller units force companies to fully develop what they lease. Example: A…Continue

Started this discussion. Last reply by Frank Walker Oct 2, 2011.

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tomcats58 commented on Douglas A. Clark, Esq.'s blog post 'The Gas Company Wants to Modify My Gas Lease to Increase the Maximum Unit Size: What Should I Do?'
"The facts are that most horizontal wells can drain a maximum of 80 to 100 acres. based on that number, even 640 acres is too large of a unit unless the driller is putting 6-8 bores per pad. The idea of 1280 acre units is nothing more than greed by…"
Apr 4
paleface replied to tomcats58's discussion 'Let's discuss what no one seems to want to talk about now is not the time to lease'
" We need a pro gas president to turn this around."
Mar 28
tomcats58 posted a discussion

Let's discuss what no one seems to want to talk about now is not the time to lease

 I have read pages upon pages of discussions from this and other counties and no one is talking about the elephant in the room. Nat Gas hit another 10 year low today at $2.19 so although there may be some rare exceptions, the idea of signing a lease into this market is akin to selling all your stocks the day after the stock market drops 60%.No company, Shell, XTO, REXX, etc. will be offering anyone, any kind of sign-able lease any time in the near future. I am not blaming them, they really…See More
Mar 28
1 Comment
tomcats58 replied to mike's discussion 'recent visit from Shell landman'
" By the way, the cost of a division like that would be extreme and the future tax implications prohibitive."
Mar 28
tomcats58 replied to Norman J. Wimer's discussion 'MuddyCreek Twp, Butler County, Pa. owners seems to be taking a hit by Rex....' in the group Butler County, PA
"Nat gas $2.10"
Mar 28
Michael Householder replied to tomcats58's discussion 'Is there a minimum or a maximum number of years for the primary term of a lease?'
"Every O&G lease has 2 terms; a primary term and a secondary term. The primary term is generally a specific term (typically 3 or 5 years, but can be anything that both parties agree to). The primary term ends when the O&G company begins…"
Feb 19
tomcats58 posted a discussion

Is there a minimum or a maximum number of years for the primary term of a lease?

I have a general question. Is there a maximum or a minimum term for an oil and gas lease?See More
Feb 18
1 Comment
tomcats58 and ROBERT BEAN are now friends
Nov 3, 2011
DKinPA replied to tomcats58's discussion 'Why everyone needs to understand the importance of unit size.' in the group Butler County, PA
"Tomcat,  you bring up some very valid points!  I believe the gas companies can do that if they wanted but I have not seen where they have done anything like that in the past.  In other areas (and we are lucky because we have the…"
Oct 19, 2011
Patrick replied to tomcats58's discussion 'Why everyone needs to understand the importance of unit size.' in the group Butler County, PA
"Tom,   Thanks for the informative paragraph. My family has 19 acres in Butler Country, Marion Township. I was wondering if you know if they have the technology to basically set up drills on land near ours and then basically "suck" the…"
Oct 18, 2011
tomcats58 replied to Ron Eiselstein's discussion '"Share The Wealth says Occupiers"'
"When I am criticized for posting my property or apartment dwellers tell me that they feel they should get a % of any monies I might get from a gas lease, I have only one response. I simply remind them that the land I own was for sale when I decided…"
Oct 12, 2011
Brian replied to tomcats58's discussion 'There is now a new third shale play in all of Butler County, the Upper Devonian Burkett Shale Play - $ will go up' in the group Butler County, PA
"I think it was the Cheeseman well that you could see the glow in the sky from the flare if you were traveling I-79 at night."
Oct 10, 2011
tomcats58 replied to jb379's discussion 'Acreage packages currently being shopped' in the group Armstrong County, PA
"most also received delayed rental payments over the first 5 years that brings the total to $4k"
Oct 6, 2011
Frank Walker replied to tomcats58's discussion 'Why are unit sizes so important?'
"I guess a lot depends on the gasco.  Not nay-saying what you wrote but none of that stuff is happening here where I live in PA.  Units are all a square mile plus or minus.  All units are being fully developed.  Gasco is in this…"
Oct 2, 2011
Sarah Violet replied to tomcats58's discussion 'Why are unit sizes so important?'
"Tomcats58 ,  Thank-you,  for posting this info for us."
Oct 1, 2011
tomcats58 added a discussion to the group Butler County, PA
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Why everyone needs to understand the importance of unit size.

The function of units is to let producers tie up the maximum amount of property possible as HBP, (Held By Production). Smaller units force companies to fully develop what they lease. Example: A vertical well according to most experts will drain roughly 40 acres once fracked even though most producers will require 80 ac to be held by a vertical. Some companies like Shell are saying that they can hold 1280 ac, (almost two square miles) with any kind of well. It doesn't matter if they drill a…See More
Oct 1, 2011
2 Comments

Profile Information

What is your role in the Marcellus?
Landowner
Why are you here?
Networking
Which state(s) are you following?
Pennsylvania

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At 4:38pm on September 7, 2010,
LandownerKeith Mauck (Site Publisher) said…
I wanted to officially welcome you to the site! GoMarcellusShale.com isn't just a website - it's a network with tools that allow us to fully share our experiences in the Marcellus. Please be sure to fully check the site out. Be sure to note the following:

1. County Groups - Here you can connect with others in your neck of the woods.

2. Discussion Forum - Here you can take part in general discussions on the play.

3. Photos - Get a feel for the play with member generated photos and upload your own.

4. Videos - Check these out

5. Mineral Lease Offers - Track recent offers or add an offer to our excel spreadsheet.

6. Blogs - Add a blog and let us know what you think or share some of your expertise.

Great to have you on board and I hope this is a place you can jump right in and contribute. Have fun "shaling."

best,

Keith Mauck
Site Publisher
 
 
 

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