There is much talk and hope that all this shale oil and gas will get the US freed of dependance on OPEC oil. The Bakken, Eagle Ford, Utica and more have great oil potential. The Marcellus, Utica, Hainesville, Barnett and more have great gas potential, especially if we convert major portion of our transportation to natgas. All of these should help us wean ourselves off of foreign oil and gas, which would fantastic for the country.
But one problem with that scenario is competitive… Continue
Added by Jim Litwinowicz on October 28, 2011 at 10:47am —
Rick Smead is a veteran in the natural gas industry. If you have read anything on shale gas reserves, you have have probably read something that he had a hand in creating. This come-lately niche has led to 100 speeches on the topic over the last 3 years. Rick was holed up in a Washington D.C. law firm for a few days serving as an expert witness. I went in and met with him to discuss his… Continue
Added by Keith Mauck (Site Publisher) on October 27, 2011 at 10:18am —
Just found out yesterday what I have suspected all along, We are tyed up in a lease with no well untill 3/14/2012,When it runs out.What do I do about leasing again? Anbody have any suggestions? THanks.
Added by Richard.A. Bichard on October 23, 2011 at 7:03am —
Added by Douglas A. Clark, Esq. on October 15, 2011 at 8:20am —
Are there any lease holders, who signed with Hess Oil? In my lease, Hess has until 2016 to produce, or I can get out of lease? Is this the general lease, which is used, or am I not reading the lease correctly?
Added by Lynn Grant on October 13, 2011 at 4:13pm —
I get the impression that the members of this group arent concerned about the environment as much as their pocket books.
Am I wrong? I have not been to or lived in W.Va. for quite some time. I reside in Hana, Hawaii and travel to California on business quite often.
Added by Donald E. Moran on October 9, 2011 at 1:39pm —
I find it odd the Mr. Douglas Clark Esq. fails to mention the most important consideration in selling one’s minerals. The dollar amount one receives per acre. If that amount is higher than what his percentage is in what a typical well makes in the trend over its lifetime, one should sell. This is true for a number of reasons including the Net Present Value of Money and that Risk in drilling a well.
Added by Stephen W. Hodgkins on October 6, 2011 at 2:15pm —
Many landowners across Pennsylvania are receiving solicitations by companies, partnerships, and even hedge funds seeking to purchase their Marcellus Shale natural gas rights. It is critical to understand whether these solicitations are for a permanent purchase of your Marcellus Shale gas rights, or whether you have received an offer to lease your Marcellus Shale gas rights.
Many individuals may be confused when they receive these… Continue
Added by Douglas A. Clark, Esq. on October 4, 2011 at 4:00pm —
Has anyone heard any results from the Snyder Leasehold Sale (Armstrong, Butler, etc. counties)? Our group became part of it (400,000 + acres total), and signed leases, but no information as yet. I think we were supposed to hear something by Sept. 8.
A couple of weeks ago, landowners in our area (Butler County) began receiving offers from a landsman representing Shell. $3,000.00 per acre + 15% royalties. But since most of us are locked into the Snyder deal, we can't sign… Continue
Added by CJ on September 28, 2011 at 11:19am —
ExxonMobil Corporation (XOM - Analyst Report) is all set to exploit Ohio’s Utica Shale, supposedly one of the biggest sources of crude oil in the United States. The company has made its entry into the oil-rich fields of Utica Shale by acquiring leases in… Continue
Added by paul geiger on September 24, 2011 at 5:01pm —
My name is Tim Sokoloff and at the request of Mr. Ron Eiselstein I am writing here today to introduce an idea that would be tremendously beneficial to a great number of people involved in this developing industry.
Ron and I have identified a need for housing some of the workers that are coming into the area to run these operations. Our organization offers a unique opportunity to provide housing for new workers not only that are coming into the area from out of town, but… Continue
Added by Tim Sokol on September 20, 2011 at 10:38pm —
Yes, Mark, I will call you. And, Janice, thanx for your comments. There probably ARE statutory restrictions re: entering upon a cemetery for this purpose, and the caskets are only buried 6 feet deep. But, that's the key word,..."probably". Shale drilling is a relatively new thing. Death care industry consultants have advised me that there is no case law, or specific statutes that deal with this in Pennsylvania., and that I should get this protection in writing as part of any agreement I sign.… Continue
Added by Brad Emmer on September 18, 2011 at 1:52pm —
I have a 27.5 acre cemetery in Beaver County. Generaly speaking, I was prepared to sign on with Coexprise. But, the Agreement provided no "guarantee" of non-encroachment on my land surface. Anyone else out there with sensitive land encroachment issues? Is there a group competing with Coexprise out there who WILL be able to negotiate with this "impediment"?
Added by Brad Emmer on September 15, 2011 at 5:22pm —
I go to a lot of meetings and the citizens are always concerned about how the Marcellus Drilling might impact the groundwater aquifer, but we all seem to forget about these flooding events that most likely have a more cummulative negative impact on the environment and our health. If your private well has been inudated with water and possibly submerged, you will need to take the following action:
1. Make sure the power is off the the well and check the electrical… Continue
Added by Brian Oram, PG on September 9, 2011 at 5:30pm —
Hess and Consol team up for Utica
US independent Hess has staked a claim in the simmering Utica Shale play in Ohio after a $593 million joint venture with coal and gas giant Consol Energy, announced on Wednesday.
Added by paul geiger on September 8, 2011 at 3:00pm —
Added by Buck Chitawa on September 8, 2011 at 12:30pm —
New Online Guide for Private Well Owners in PA
Nearly a million households in Pennsylvania rely on private water supplies.In Pennsylvania, protection and maintenance of a private well is largely the responsibility of homeowners. Private wells are typically safe, dependable sources of water if sited wisely and constructed properly. Information is provided here to have your private water supply built correctly and protected adequately. There… Continue
Added by Brian Oram, PG on September 7, 2011 at 5:38pm —
All of the major, publicly-traded companies drilling into the Marcellus Shale have reported their second-quarter earnings. Thanks to SeekingAlpha, transcripts from those calls are publicly available and easily searchable.
Here are some of the major takeaways in the reports:
- Spudded seven new operated wells and drilled and completed 6 gross (2.7 net) operated wells during the second quarter 2011 in the Marcellus shale. The IP [initial production]…
Added by paul geiger on September 3, 2011 at 2:21pm —
here is some information to help informed decision for the value of the wet gas in our area . log on to site it has great information as well as a value of the wet gas (here is the website)
Added by Mickgyver on September 3, 2011 at 10:27am —
Please read the last sentence
A group of more than 400 Carroll County property owners has signed a lease agreement with a Pennsylvania oil company, earning $40 million in bonus money in the deal.
The group, called S.U.R.E. (Standing United Really Excel), signed the agreement June 1 with Rex Energy of State College, Pa.
The members — living in Washington, Augusta, Harrison, Center and Union townships in the central part of the county —…
Added by paul geiger on August 30, 2011 at 7:30am —