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 Jim Litwinowicz on August 25, 2012 at 5:52am

Some were paid, some were not. I have no idea what percentage were paid. There are loots of theories as to why they pulled out....lack of money, low gas prices, moving to a more wet gas area, too much land already under lease, lack of infrastructure....probably a combination of all of the above.

Permalink Reply by Glenn Boyd on August 25, 2012 at 11:38am

I was just told yesterday by Shell that i will not be paid, and they are going to surrender my lease. See you at the meeting. 

Permalink Reply by Jim Litwinowicz on August 25, 2012 at 12:34pm

Great!  Bring any friends or neighbors that are interested.

Permalink Reply by George Brown on August 26, 2012 at 11:41am

I called and asked Shell to surrender my lease because I got tired of drafts being cancelled.  They were all too happy to comply and said the surrender should be recorded in Venango county within two weeks.

I don't hold a grudge with Shell.  I understand the market changed and they changed their strategy as a result. I wouldn't discourage anyone from entertaining any Shell offer they might receive.

Next time, however, I'll ask for the money when I sign, regardless of who that lessee might be.  No more of this draft nonsense.

Permalink Reply by Brian on November 11, 2012 at 1:13pm

Started drilling the conductor of a Brosius well for Chevron near Nickleville

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Permalink Reply by farmgas on November 11, 2012 at 1:28pm

Brian - what is the conductor?  Is this the inital well casing, and if so, how deep is it placed before drilling begins?   Thanks...

Permalink Reply by Brian on November 19, 2012 at 12:39pm
The big rig was stood up today on the Chevron Brosius pad near Nickleville today. Flashing red light can be seen from a long way away.
Permalink Reply by Brian on January 6, 2013 at 6:34am

Drilling ahead on the Chevron Brosius well. Photo taken last week.

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Permalink Reply by Brian on January 6, 2013 at 10:53am

Plat Maps for Brosius Wells

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Permalink Reply by Jason Bablak on January 6, 2013 at 11:22am

Brian:

Do you know why the unit is so small?  My understanding for these types of wells was that they usually made larger units that were more like a rectangle.  Is this more of an exploratory well?

Permalink Reply by Oliver Perry on January 6, 2013 at 2:59pm

Jason,

If you look at page 3 of the pdf you will see the unit is roughly a rectangle. There are only 2 wells, so the unit, 293 acres, is sized with that in mind. Unless I am mistaken, they can increase the unit size in the future to facilitate the drilling of additional wells if Chevron is satisfied with the production of these two.

Brian,

Thanks for posting the well plats. 

Permalink Reply by Andy on January 6, 2013 at 5:03pm

Doing an estimate on google earth from where the "landing" of the well is to the end of the hole I came up with a little over a mile.  From my understanding that's all the farther they drill laterally.  As Jason said they are only drilling 2 wells as of now.  It makes sense to see how those produce before spending millions more drilling.

Thanks for posting Brian.

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