Interested in leasing Utica in PA

Does anyone know where to get data on current market prices paid for Utica leases by county in PA?   I am particularly interested in Utica rights in Forest, Elk, Clarion, McKean, and Potter counties.  Thank you. 

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Permalink Reply by p umpjack on April 19, 2013 at 9:36am

please friend me i have acreage hbp in a area you are interested in

Permalink Reply by George Donovan on April 19, 2013 at 9:48am

Please accept my friend request of an hour ago.

Permalink Reply by Edward Sekerak on April 19, 2013 at 1:37pm

Please contact me via email. The counties you are interested in have a lot acreage HBP by shallow oil and Medina gas well operators. Also large areas of Forest, Elk and McKean are within the ANF (Allegheny National Forest), however the OGMs under the ANF are 95% privately owned. OGM reservations are and have been common in these counties over the past 150 +/- years.

Typically there are no public records of the true prices paid for leases in these counties. I may be able help you.  I can be reached at esekerak@tbscc.com 

Permalink Reply by Kevin Senich on April 23, 2013 at 11:48am

Jesse:

No, they want to partner with leaseholders and/or lease landowners with unleased mineral rights in a given area. This is how business is done.  A lessee can assign the lease, partner with a company that will drill, or have any number of other business arrangements for development

Landowner's are always complaining that the only people they get to deal with are flippers.  The fact is that when a legitimate E&P company comes along looking to deal directly with landowners, the landowners don't even recognize it for what it is.  Mr. Mengliu is merely looking for leads or to develop prospects in certain counties.  That is what small, independent E&P companies do.

Permalink Reply by Tim Tarr on April 19, 2013 at 2:16pm

Good job Booger (Bugger). You gave'm a stroke.

Permalink Reply by S. E. North on April 20, 2013 at 1:57pm

Any interest in Jefferson County?

Permalink Reply by Mike Flor on April 21, 2013 at 2:05am

I have several hundred acres of mineral rights in Elk county.  I would be interested in talking to you regarding Utica leasing.  Please contact me via my email ktflor@nep.net.  Thanks Mike

Permalink Reply by George Donovan on April 21, 2013 at 3:27am

My family and a business associate have 5500 acres contiguous in NW Potter that we maybe interested in a proposal. Shoot me a email at grd_75@yahoo.com

Permalink Reply by shawn pardee on April 23, 2013 at 3:33am

i had a gentlemen ask me to help him sell his oil gas and mineral rights in elk and mckean coutnies last year, i can check to see if he is still interested in selling, and send you a copy of the deed, i do not have title search info or maps let me know if interested and what would you offer as a finders fee? you can email buckpardee34@gmail.com

Permalink Reply by melissa humphrey on April 23, 2013 at 10:01am

You have to get out there and make some offers.

The UTICA isn't as sure thing as the Marcellus core.

A guess, 4250-$500 / A 15% R at this point. If it proves out, bids will rise.

Good luck. 

Permalink Reply by Edward Sekerak on April 23, 2013 at 4:09pm

What is your guess based on?

Permalink Reply by Jim Litwinowicz on April 23, 2013 at 11:12am

Note that this gentleman is offering leases for a vertical/shallow driller. If you lease with them be sure to have a good Pugh clause and a Unitization clause that limits units to 40 or 60 acres.  Otherwise you may end up with a small shallow well and be HBPd for decades. And if units are allowed to be 1280 acres, they could drill a single shallow well and tie up a hundred landowners with one single well.

And he said they were looking for Utica, Not looking to lease shallower oil/gas deposits.  That means they could tie up your Utica Shale with a series of vertical wells.  Not the most efficient way to develop the play. Further, they could assign the rights to one of the majors and make huge profits by flipping the lease with higher bonus numbers and a better royalty.

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