Replies to This Discussion

Permalink Reply by Joe on March 7, 2013 at 1:37pm

Hello Joseph
I'm not able to open any link. Would like to know what you formed your opinion on as it is of valued to me. Can you assist.?
Thanks
Joe

Permalink Reply by Joseph-Ohio on March 7, 2013 at 2:13pm

Hello Joe,

There are those who say the new maps are now based on activity reports received from drillers.

I am not aware of any drilling activity north of SR 6 so it follows there would be no data received from drillers.

I don't know why ODNR changed their color coded predictions from earlier iterations.  There was no data to develop earlier predictions and if there's still no data now - why the changes ?

I also think that the whole Chesapeake debacle really threw a monkey wrench into development and development is also being delayed by suggested changes to the laws governing drilling being discussed in Columbus.

There are those that also point to lack of infrastructure in the northern end (our end) of the action.

Chalking it up to the power brokers (inefficiently) maneuvering to get in way of the most money for themselves and in the process creating delays to development and recovery.

Do all you can to get to the linked (S1, S2 and TOC) maps at the ODNR - you can only appreciate the changes I'm writing about if you see the new maps and compare them to the old ones.

IMHO

What do you think Joe ?

Regards,

J-O

 

 

Permalink Reply by David Perotto on March 8, 2013 at 1:52am

Joe,

The background colors, depicting good - very good , have changed. But as you say, there are no new wells to justify the change. Most of the data points are the same. It seems they did add some data points with the new map, not sure why as there are no new exploratory wells. Even with these new maps, I believe the O&G companies will come, but possibly further into the future. There will be wells in Ashtabula, once the "fairway" is fully leased and drilling commenced that fairway.

Permalink Reply by Joseph-Ohio on March 8, 2013 at 2:04am

I'm also thinking the maps will change again once more drilling of wells (or exploratory bores) occur and information becomes available.

The sooner the better !

 

Permalink Reply by Joe on March 10, 2013 at 11:00am

Hello Joseph,
Was able to have a look at the new maps. Its going to be a waiting game for us. Don't see what we are able to do to speed the exploration. We talked before and decided it would be a good thing for us to benefit from this before our kid. Hope this is still a possibility. Hate to be the pessimist.

Permalink Reply by Joseph-Ohio on March 10, 2013 at 11:27am

We feel the same way Joe.
Good luck to you and yours and
me and mine.
Since we're in the so called oil window we're remaining optimistic.
J-O