Monroe county....New "Top Dog" in shale play? (8,800 BOE/D)

Antero Resouces just released these production #'s this morning.  Check out pg 3.

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Permalink Reply by The Hiker on August 14, 2013 at 7:09am

Madd man;  My broker is telling me it might be real tough to get a piece of the IPO unless they experience difficulty placing all of it......so the best  approach may be to establish yourself with JP Morgan-Chase or Citigroup because they will lead the event.  That will put you in the right place in case the institutions don't take it all and there is some left over for a few "little" guys.

Donna:   My guess would be EOG in the Eagle Ford?

If you calculate the returns on all the wells published by Antero using a calculator that separates condensate, NGL's and gas....the return ($) still gets better to the east if you use the same price for NGL's as for oil (or is this too low?).  I wondered why Antero had permitted the "Loraditch" well east of the Rubels, and this answers the question (we all thought it was dry over there).   They are looking for the real sweet spot.   If they go far enough, they might be able to drill the Marcellus from the same pads, and central Monroe may be in for a nice surprise.

 

Permalink Reply by Madd man on August 14, 2013 at 9:59am

http://seekingalpha.com/article/912751-the-hogshooter-may-be-hotter...

It says 7350 boe/d for chk. 

For gulfport, their dec 2012 presentation says that the shurgert 1h's IP was 7500 boe/d. 

Both impressive wells but not as good as Antero's rubel 1h or yontz 1h.

Permalink Reply by searcherone on August 14, 2013 at 8:34am

IMHO  Antero you could have included the names of the wells on page twenty that would give more veracity to the info.  If its top secret at least list the names of your wells.

Permalink Reply by Madd man on August 14, 2013 at 10:02am

Not top secret anymore....

Permalink Reply by searcherone on August 14, 2013 at 11:31am

LOL, yes I had read those, but for veracity Antero needs them on the chart, just because there are lines on a bar graph doesn't always mean they correspond to something;  remember, Donna, they are getting ready to do an IPO.  Inquiring minds or investors might want to know and compare to other company reports.  IMHO.

Permalink Reply by Madd man on August 15, 2013 at 1:27am

I gotcha yea they would be nice on the chart.

Permalink Reply by Jeff Polara on August 15, 2013 at 5:02am

I have 28 acres in Center Township below Lewisville. Hope this is considered NW Monroe County. So far Antero is only offering me $1000 acre at 12% due to some kind of lease signed back in the 70s. Bought this from Bruner in 2001. Anyone else going through this BS.

Permalink Reply by Jarrad Stephens on August 15, 2013 at 5:24am

Find the old lease and see what it is. You might want to sit down with an oil and gas attorney and see what kind of case you have. Is there a pooling clause in the lease? How much did they pay the previous seller? Depending on the type of royalty percentage he got and the amount of money he got up front you might be able to negotiate this. The recent production results from Antero will likely be a key factor in activity in Monroe County in the upcoming months. Seven of the eight largest Utica wells ever are going to play a huge factor in the negotiation process. My family has land in Ohio in Monroe so I understand your issue. Best of luck to you.

Permalink Reply by Jeff Polara on August 15, 2013 at 7:02am

Thanks Jarrad appreciate your reply. Think I will contact Dick Yoss of Woodsfield.

Permalink Reply by The Hiker on August 15, 2013 at 9:08am

fyi:   According to a friend of mine, he had mineral ownership issues and used him initially.   He spent a lot of money and waited a long time with unsatisfactory results....then went to another attorney in Caldwell and got the minerals back pronto for a minimum amount.  Just passing along what my friend told me.  Let the buyer beware.

Permalink Reply by Jeff Polara on August 15, 2013 at 9:35am

Thanks Hiker do you know who he used? Thanks.

Permalink Reply by The Hiker on August 16, 2013 at 3:16am

Jeff:    The attorney he used is now a judge in Monroe County, so no longer available.   But, another neighbor used one of the attorneys suggested by Dale Arnold of the Ohio Farm Bureau during one of his leasing seminars and was very pleased with the results.  Similar issues.   Dick Emens of Emens and Wolper in Columbus.  Did it all by mail and telephone.   Oil and Gas is all he does.   Look him up.    614 414 0888.

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