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 Bonnie Carol Hornbaker on August 15, 2013 at 6:56pm

This is going to sound really dumb but I am new to this site.  What does BOE/D mean?

Permalink Reply by ray schmidt on August 15, 2013 at 7:05pm

barrels of oil equivelent per day

Permalink Reply by Bonnie Carol Hornbaker on August 15, 2013 at 9:15pm

Thank you Ray.  

Permalink Reply by Amy Litman on August 16, 2013 at 8:59am

I am in Monroe County and leased my rights for pennies about 3 1/2 years ago because they used a group tactic on us and said if one hits we all do. It makes me sick how they did some of us then. Should be something that can be done about it.

Permalink Reply by Jeff Polara on August 16, 2013 at 9:47am

Did you have an attorney look into it. There might be fraud in the lease that you can contest. I'm sure Judges would tend to side with the poor landowner than these sharks. There should be a clause that they have so much time to drill or the lease is void. As long as you did not sell all your mineral rights you might be ok.

Permalink Reply by The Hiker on August 16, 2013 at 10:51am

Jeff:   See earlier post in case you missed it.

Permalink Reply by Jeff Polara on August 16, 2013 at 1:23pm

Oh ok thanks I appreciate that.

Permalink Reply by freebird on August 19, 2013 at 5:36pm

Jeff you must have the land across of me 25 acres.I am getting the same thing you are.Someone from antero is stoping by my house tonight.I think its to low.

Permalink Reply by The Hiker on August 19, 2013 at 6:06pm

Freebird and Jeff:   Antero initially offered $1000/acre for 4000 acres worth of land (several landowners in Noble county) to sign an addendum to an old Beck lease that was purchased by XTO.   It's a long story....but they finally offered $3000/acre to these people and most, if not all of them signed.  There is probably more money on the table available to "correct" your old leases if you can stand to wait them out.

Permalink Reply by Jeff Polara on August 19, 2013 at 6:22pm

We might have met. Do you live down there? I live up North. Post after yours claims some folks got 3000 per acre on a HBP lease addendum. I think $1000 is way to low. Are you off of RT 145?

Permalink Reply by The Hiker on August 19, 2013 at 8:20pm

The Beck/XTO leases I refer to were concentrated in Marion Township/Noble County, although there was some acreage in the purchase to the north and south of this township, all in Noble County.    Marion is contiguous to Seneca Township/Monroe County where the 8000 - 8800 BOE wells are located that Antero just announced.  One might suppose that this had something to do with the $3000 offer.  lol.   However, Antero has permitted a well (Loraditch) a few miles east of these wells into Monroe County, looking for (or confirming) the extent of the wet Utica to the east.  Who knows?   It may extend to Lewisville, but they'll never tell.  Yes, I live in the "area", but not off RT 145.

Permalink Reply by freebird on August 20, 2013 at 11:05am

Yes have the trailer across from you.We met when  i was hunting.

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