Replies to This Discussion

Permalink Reply by Ann Ticopa on December 17, 2012 at 5:15pm

The PA Public Utility Commission's Impact Fee Well List has only horizontal wells for Tioga County.  (None of the vertical wells were producing and weren't charged an impact fee.)

The FracFocus.org website lists at least some of the wells that have been fracked.  Afaik it's voluntary so don't know how complete it is.  The PA DCNR's IRIS system (subscription) is supposed to have the well completion dates, but have read that it's incomplete.  

 

Permalink Reply by Ann Ticopa on December 3, 2012 at 1:38pm

This might have some info of interest:

"Estate planning follows gas boom"
http://www.post-gazette.com/stories/business/news/estate-planning-f...

Permalink Reply by G S Gass on November 18, 2012 at 1:44pm

Janice,

Good advice - If the lease is expired, terminated or surrendered, be sure to request from the Lessee (via certified mail with return receipt requested) a "Surrender of Lease" document  and record it in the Recorder of Deeds Office.  Otherwise, it will appear the property is still under lease, held by production, or not available to be leased; and it will be a title defect for future operations.

Gregory S. Gass, Certified Professional Landman

Working with landowners to discover win-win opportunities

email:   gsgass@frontiernet.net

Permalink Reply by Brian Day on November 27, 2012 at 3:58am

If one of the addendums was an increase in the unit size they are allowed to put you in, I would not sign it.  If that is the case, think about it very carefully.  Some people think increased unit size is a good thing.  It has some advantages, but I do not like it myself.

Permalink Reply by paleface on November 27, 2012 at 6:05am

 Would the request for increase in  unit size be  the gas  company can drill longer horitzontals now? Or is to HBP more acerage?

Permalink Reply by Brian Day on November 27, 2012 at 9:41am

In answer to your question, Paleface, yes to both.

Permalink Reply by Janice L. Hancharick on December 18, 2012 at 5:17am

Leases are expiring all over border counties in northern PA.  Those that didn't reach the development/production stage should have a Letter of Surrender registered @ the county records office BY THE COMPANY YOU LEASED WITH.  This is part of the paper trail landowners want to have to prove they are free to lease again. With so many reaching this stage within a narrow timeframe, the company may need a nudge to speed up the process on your behalf.

 READ over your lease agreement again. Usually you can skip over the first 2 - 3 pages and look into the meat of the  original deal. This is where the fine print becomes meaningful ... where the rubber hits the road!

Penn State Marcellus Center for Outreach and Research, along with Gas/Oil Att'ys from a major PA firm came to Coudersport recently and shared this information with the audience. This meeting came about because many in PA/NY are in your position, and the need to know what to do next exists.  

You do have the right to join another group @ this point because that calls for a contract ... not the same as a lease.  Even with a lease due to expire within 6 mos. ... if no activity is present ... it's smart to line up  your next plan of action.  Landmen are once again on the move.  Companies wanting to extend, alter, or change the existing lease in any way should not expect to be able to do this without shelling out additional $$$, putting in better terms, etc..

The speakers shared the same message, all coming @ it from different directions .... bottom line:

Brain Surgery, Dentistry, and Leasing have ONE thing in common.  Don't do any of them on your own.  Get to an experienced, qualified gas att'y or sign on with a large group ... (not 5 -6 guys up the hollow)!  

I wanted the public in the 4-County area to hear this message, but noted that Penn State put ads in many newspapers throughout the region and beyond. Gas/oil reserves, and often our farms don't recognize political boundaries ... one county from another.  The content of their meeting addressed older leases, and options for new leasing.  I'm sorry you missed it. Those present learned that #'s are important, but aren't the whole story by a long shot!

Permalink Reply by paleface on February 5, 2013 at 6:22am

 Has any EQT or Endless Mountain lease's bin flipped to Shell ?

• ‹ Previous
• 1
• 2
• Next ›
• Page