Replies to This Discussion

Permalink Reply by Jack Young on August 26, 2013 at 1:32pm

One word of warning - I can tell you that what's publicly available on the Utica in Tioga County isn't necessarily accurate - there is very little good data that's not being held confidentially. Look how many modern wells have actually been drilling into the Utica in this part of the state, and it's a small number. What you see that's public is all broad-brush generalizations from scattered data in the region. Unlike the Marcellus, which had been drilled many times by wells seeking the Oriskany, the Utica has seen little drilling over the years. It's still interesting reading and directionally correct, but you wouldn't bet money on it being accurate in any specific area.

Permalink Reply by paleface on August 26, 2013 at 12:57pm

 yes lottsa   reading there.

Permalink Reply by paleface on August 26, 2013 at 1:33pm

 That DCNR web sight is new updated info good stuff. Now we know what Shell is drilling for.

Permalink Reply by Ann Ticopa on August 26, 2013 at 1:59pm

Paleface:  Shell is drilling for something positive to put in their next quarterly report? 

Permalink Reply by Thomas Lilli on August 26, 2013 at 12:03am

Brian,

Earlier in this thread, there was a map of a drilling location very close to your land.

Permalink Reply by Brian Day on August 26, 2013 at 1:47am

Yeah, there is some good activity in the area, but progress is slow. Hope is still alive.

Permalink Reply by Thomas Lilli on August 26, 2013 at 2:07am

At least your in a semi sweet spot.

I've pretty much resigned my self that I won't see it in years I have left.

Permalink Reply by Brian Day on August 26, 2013 at 9:28am

Half a century at least?  I'm sure something will happen for you to benefit yet Tom.

Permalink Reply by paleface on August 26, 2013 at 11:33pm

 Jack good advice,we're taking it slow and cautious the only change we made so far was the Middlebury girls softball team we renamed them The Utica Wildcats.

Permalink Reply by David.M.Fackleman on August 26, 2013 at 10:22am

I'm new to this guys. Shell just made an offer to renew our lease...$300 per acre and 1/8th royalty. Should I accept it or not? Are the $3k an acre days over?  I am not currently in a unit...missed it by 200 yards. Live 1/4 mile from the Chappell pad on Ridge Rd. in Middlebury Twp.

Permalink Reply by Thomas Lilli on August 26, 2013 at 11:21am

Also, may i suggest you Call Doug Clark. He is an O&G lawyer and advertises on this site. He is over near Scranton.

Let him look over your stuff and give you some ideas. It will be money well spent.

I think he is as informed as they come on O&G and deals with companies all the time about leases.

Permalink Reply by David.M.Fackleman on August 26, 2013 at 10:48am

Is there a time frame in which to accept or not accept the new lease? There is nothing written in the letter about a date or anything that they want it by.

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