Scott m's Blog (5)

Tom, In your opinion, we have an offer in se allegheny county of 1000 and 17%. Assuming the lease language is favorable, is this a competitive offer. Thanks, Scott

Tom, In your opinion, we have an offer in se allegheny county of 1000 and 17%. Assuming the lease language is favorable, is this a competitive offer. Thanks, Scott

Added by scott m on October 13, 2009 at 12:59pm — No Comments

Nat Gas Rate around 4.8 Almost double what it was 4-6 weeks ago.

Looking for your valued opinions, do you think the above will bring out more players and bring up the lease and royality rates along with it. I am in SW Pa. Thanks to all. Scott

Added by scott m on October 1, 2009 at 12:14pm — 2 Comments

New Land Group SE Allegheny County

A quick question on viable gas companies operating in the above area. Ever since I put together a land group of about 800 acres, I have been asked to concider being involved on a much larger scale of perhaps several thousand in the same area of Elizabeth and Forward Twps. Chesapeake has shown much interest and are fine company. Atlas and Range to date are not players. With this much acreage and still very much in this marcellus formation, I welcome any thoughts or suggestions. Thanks to all,… Continue

Added by scott m on September 22, 2009 at 12:12pm — No Comments

Should the land owner in a 640 acre horizontal site that has multiple landowners involved, receive additional compensation if the well is placed on his property. We are in discussions with Chesapeak.…

Should the land owner in a 640 acre horizontal site that has multiple landowners involved, receive additional compensation if the well is placed on his property. We are in discussions with Chesapeak. Thanks for your thoughts. Scott Continue

Added by scott m on August 11, 2009 at 7:41am — 9 Comments

New offer from Chesapeak

My farm is located in SE allegheny county, Elizabeth Twp. The original offer from them was 250 per and that was about three months ago. They are negotiable on the royality, they started at 12.5% Just today they offered 500 per and will still negitiate the royality rate. We must sign by 8-14 and that will not happen as they want me to discuss same with all the neighbors. I am under the impression they only want to do Hydraulic and I/we would want a deep verticle also. Any thoughts are… Continue

Added by scott m on August 5, 2009 at 2:04pm — 19 Comments

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