"Probably not worth too much given the ongoing moratorium on fracking in the state of New York! You citizens of New York keep electing these big liberals who all seem to be against fracking. For your sake I hope the moratorium is lifted. If it…"
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Quincy Spitzer's Discussions
Steuben County NY LAND w/ OGM Rights $ What Is This Worth To Sell / Buy ?
4 Replies
I own approx 90 acres of land in Greenwood NY (Southern Steuben County NY) My property is NOT currently leased. I am looking to sell all of my land with 100% OGM rights transfering or Sell all my…Continue
Started this discussion. Last reply by Samuel J. Orr Dec 16, 2012.
CASHAQUA SHALE ?? What is it?
1 Reply
does anyone haveany information on theCASHAQUA SHALE? Is it a gas or oil shale worth producing?Continue
Started this discussion. Last reply by Ron D. Jockefeller Sep 7, 2012.
Trenton Black River Formation& Utica In Western NY (How Viable Is It) & What Do You Know About It
1 Reply
I am just trying to find out if there are any factual reports on the Trenton Black River Formation & Utica Shale In Western NY. I would like to know how viable it is? Does anyone know much about…Continue
Started this discussion. Last reply by David Perotto Aug 25, 2012.
WET UTICA Worth $35k PER ACRE ??
84 Replies
Since the New Production #'s Are Out From The Wet Utica Wells..The Trend Is Showing That The Utica Acerage Is Headed Upwards Of 25k-35k Per Acre! It is being compared to the Eagle Ford In Texas. What…Continue
Started this discussion. Last reply by Bob Jenness Jun 5, 2012.
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Samuel J. Orr replied to Quincy Spitzer's discussion 'Steuben County NY LAND w/ OGM Rights $ What Is This Worth To Sell / Buy ?'Quincy Spitzer replied to Quincy Spitzer's discussion 'Steuben County NY LAND w/ OGM Rights $ What Is This Worth To Sell / Buy ?'"If you could close quick, I would sell all the land approx 90 acres with 50% OGM rights for $139,000 I would also consider selling just 50% of the OGM rights NO TOP LAND if your offer was good. It is beautiful land with…"
David Perotto replied to Quincy Spitzer's discussion 'Steuben County NY LAND w/ OGM Rights $ What Is This Worth To Sell / Buy ?'"Quincy,
Dont sell. Currently land is going for 1,800 -2,000 per acre which includes all rights. If NY ever gets off its hands, your land will be worth a great deal more. You potentially have three strata to drill. That would be the Marcellus, Utica…"
Quincy Spitzer posted a discussionSteuben County NY LAND w/ OGM Rights $ What Is This Worth To Sell / Buy ?
I own approx 90 acres of land in Greenwood NY (Southern Steuben County NY) My property is NOT currently leased. I am looking to sell all of my land with 100% OGM rights transfering or Sell all my land with 50% OGM rights transfering. What is land with rights worth to sell in this area? Is there anyone out there with realistic market value opinions? Thank You!See More
Ron D. Jockefeller replied to Quincy Spitzer's discussion 'CASHAQUA SHALE ?? What is it?'"It's an Upper Devonian Shale. More HERE."
Quincy Spitzer posted a discussionCASHAQUA SHALE ?? What is it?
does anyone haveany information on theCASHAQUA SHALE? Is it a gas or oil shale worth producing?See More
David Perotto replied to Quincy Spitzer's discussion 'Trenton Black River Formation& Utica In Western NY (How Viable Is It) & What Do You Know About It'"Quincy,
From everything I have researched (for a couple of years- reading many studies,etc):
The Utica in NY is thick, but the carbon content is not great. Supposedly the phase is dry gas, but I hold out hope that there will be areas of wet gas.…"
Quincy Spitzer posted a discussionTrenton Black River Formation& Utica In Western NY (How Viable Is It) & What Do You Know About It
I am just trying to find out if there are any factual reports on the Trenton Black River Formation & Utica Shale In Western NY. I would like to know how viable it is? Does anyone know much about it? Will it be produced? Is It Overmature? Immature? Viable OR Not Viable?See More
Bob Jenness replied to Quincy Spitzer's discussion 'WET UTICA Worth $35k PER ACRE ??'"Here's a responsible and enthusiastic view of the future values, maybe even would support the exaggerated numbers quoted here, if we live long enough...
Natural Gas on Historic Rise to Prominence in Global Energy
Markets
ExxonMobil CEO…"
Marcus Grayson replied to Quincy Spitzer's discussion 'WET UTICA Worth $35k PER ACRE ??'"Look at the numbers from the RRC call. In the wet Marcellus they don't make money from a well until they hit ~$4.50mcf. At the strip price (assuming 10 year average of $92/bbl and $4.27mcf) they lose 29% of the LOE cost.…"
Joseph-Ohio replied to Quincy Spitzer's discussion 'WET UTICA Worth $35k PER ACRE ??'"Yes, Jim, I truly believe 'they really don't care' how much they pay (each other) in order to maintain control over the market. That's because they take it out of the consumer's hide by jacking up their prices at the…"
Bluflame replied to Quincy Spitzer's discussion 'WET UTICA Worth $35k PER ACRE ??'"Jim,
Yes, a long way from $35K/acre, but ~ three times what any Utica landowner has received for his acreage. Pipelines and processing capacity are still a "work in progress" throughout the Utica play.
I guess the point here…"
Bluflame replied to Quincy Spitzer's discussion 'WET UTICA Worth $35k PER ACRE ??'"Bob,
Page 22 of RRC's 5/28/2012 investor presentation shows the Utica divided into dry gas, wet gas and oil zones and overlaid with the locations of wells drilled by various companies. I thought it was interesting that the zones coincide…"
Jim Litwinowicz replied to Quincy Spitzer's discussion 'WET UTICA Worth $35k PER ACRE ??'"BluFlame; $15K is a long way from $35K, Much of the $15K valuation would be just from the cost of aggregating all that land. And having three producing wells in place, at $6-8 million apiece adds a lot of value. And I am sure that they…"
Jim Litwinowicz replied to Quincy Spitzer's discussion 'WET UTICA Worth $35k PER ACRE ??'"If you truly believe "they really don't care" how much they pay for leasing rights, then there is no use continuing this discussion."
Bob Jenness replied to Quincy Spitzer's discussion 'WET UTICA Worth $35k PER ACRE ??'"Regarding data, and who can see it. I just looked at investor data from RRC, referenced elsewhere on GoMarcellus. There's a wealth of useful info to this discussion there, even though it doesn't change the quote regarding the…"
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Quincy Spitzer's Blog
What Is the True Value Of UTICA Acreage??? Is Wet Utica Worth $35k Per Acre??
The Trend Is Comparing Utica To Eagle Ford And Showing A New Future Trend Of The Utica $25-$35k Per Acre!.. What Is your Your Opinion and Or Factual Information On This?
Posted on May 22, 2012 at 1:02am
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