Replies to This Discussion

Permalink Reply by Shower Bath on June 2, 2013 at 1:25am

It's hard to know exactly what is going on until an assignment is recorded at the court house, or you are notified by the company (if required by your lease). A week ago I asked an O&G management employee if his company would buy my lease, or trade for it, since his company has everything around me leased. I am leased by another company. He told me that the company I'm leased with will most likely participate in the well (share costs) and retain their royalty interest. After hearing this I looked at the records on-line at ODNR and I see Chesapeake has retained interest in wells by both Gulfport and Hess. Sometimes it's only a few acres in a 500-600 acre drilling unit. But they aren't selling/trading. Makes me believe that even small royalty interests in these Harrison Co. wells are valuable. That's why all of these offers to buy your minerals/royalties almost daily. This will be the year that a lot of people may sell their rights for what seems like a good price, only to have regrets in the next couple of years as their neighbors start getting royalties, and still controlling their lease & surface rights.

Randy

Permalink Reply by Busy Bee on June 2, 2013 at 3:20am

Randall you are correct concerning different companies retaining interests in a common well pad . I know first hand of several landowners in my area who's lease has changed hands . It appears all the operators are swapping acreage. These are tracts of all sizes .large and small acreage amounts are being traded. Some landowners with multiple lots are having part of their property retained by who they signed with and other adjoining lots being traded or sold off. Regardless it's a good sign for Harrison county .

Permalink Reply by Shower Bath on June 2, 2013 at 3:25pm

Harrison Co. will really hit it's stride in 2015 and beyond, when all of the gathering lines and the processing plants are in full operation. Pad drilling will then be the norm and you may see up to 12 wells per pad as they figure out the optimum spacing. I still think Harrison Co. is in the sweet spot of the fairway and there will be a lot of money made in the next 10-15 years.

Randy

Permalink Reply by Busy Bee on June 2, 2013 at 3:50pm

Randall you are absolutely right . We are just getting warmed up here.What a difference a few years will make for us all . Harrison County will be a big driving force for some of theses companies as Hess and Gulfport have stated previously in their quarterly conference calls. They are all in for a reason !