Activity in the County (Leases, infrastrature, drilling)

Just was curious to hear of any activity going on in Venango county.  Anything from talks of leasing, to actually signing on the line of a lease. 

What have the offers been for potential leases?  Any good addendums you were able to negotiate?

Has anyone heard how the completion went for the Seneca Resources well?

Hopefully 2012 will hold a lot more activity for this industry founding area.

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Replies to This Discussion

Permalink Reply by matthew h mcsparren on February 2, 2012 at 6:07am

What about exon-mobile and cheaseapke

Permalink Reply by Schnoozie on January 31, 2012 at 5:54am

Has anyone heard about the results of the first Seneca well in SGL 39??

Permalink Reply by Michael Walentosky on February 2, 2012 at 1:28pm

Does anyone know if the results from this well become public informaton at some point?

Permalink Reply by RichR on February 2, 2012 at 1:49pm

I don't think they have to make anything public until after a well goes into production and that would be the amount of gas and/or fluids.  I think that is due six months after production begins.  The DEP publishes that every six months.

Permalink Reply by Keith on February 1, 2012 at 2:23pm

Does anyone know  about the Marcellus Shale Law Group? They had a seminar last week in Clintonville, and they are having a meeting tonight in Oil City. Just wondering whether they are legitimate. Anyone on here using them?

Permalink Reply by Dave on February 2, 2012 at 11:30am

I think that is the group that wants %5 of upfront money and 3 point of your royalty

 

that is a lifelong marriage........

Permalink Reply by Midge on February 3, 2012 at 2:56am

Did anyone attend said meeting?  Any info on MSLG? 

Permalink Reply by Johhny Jacobs on February 3, 2012 at 3:17am

To a husband/wife you will hate almost immediately...

Permalink Reply by owner on February 4, 2012 at 10:41am
Maybe wishful thinking on my part, but I think shell may be taking a break in Venango County so that they can catch up on reviewing all of the leases that they have signed. If they had too many leases signed, they can only do so much abstract work in the courthouse. They have the 90 day time frame on the leases that are signed, so they have to get those signed leases done. Shell has invested a lot of money in the county and they would need to get units developed.
Permalink Reply by Joan Hayen on February 4, 2012 at 10:50am

That sounds like a logical move.

Permalink Reply by Michael Walentosky on February 6, 2012 at 8:21am

I agree Mark.  I think it is time to be patient and let the dust settle.  Hopefully, wells will be started this summer.  Does anyone have any info on Cranberry Township being a dry or a wet gas area?   What implications would wet gas have?  Thanks!

Permalink Reply by Jim Litwinowicz on February 11, 2012 at 9:34am

M & P Law has a meeting set for a new landowner group Wed the 15th of Feb at the Franklin Holiday Inn at 6:30 PM. If you have a lease and think it may not cover the Utica, bring it with you, the attorneys will look it over

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