Rumors & Tidbits for Guernsey County

Some true,some hearsay...Aubrey is looking for a site to build his regional office with a Cambridge address.  Aep Utica is looking to drill a well behind the General store in Old Washington,early feb.   .AEP is drilling now in Harrison co. Rice will be moving their big rig from Belmont co. to daddy Shugerts well in Old Washington,soon. Bluegrass Pipeline coming thru the county this year. Compressor  station for Antero's well below Senecaville is ready to fire up any day.  Gulfport is sending rigs to Guernsey soon. EQT is wanting to drill 21 new wells in Guernsey this year. Carrizo has 2 pads built,ready to roll. Cheasapeake,all of a  sudden,likes Guernsey,better than Carroll. The company wanting to build an apartment complex at the I-77/Rt.22 site has agreed to help finance a sewer plant needed at that site& Coventry Estates. Motel to be built across from Pilot on the hill almost ready to roll. Some landowners near Quaker City are getting offers of $13,400. per acre to sell their Mineral rights.  Any other tidbits are welcome. You hear things from credible sources that may not even be true,but you be the judge.

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Replies to This Discussion

Permalink Reply by James Vanderink on January 22, 2014 at 11:51pm
Arminius, Just a retired Oil Guy. Back in the 70's-80's when times were tough on these oil companies I was paid with small WI in many wells throughout eastern Ohio. I don't live in the area anymore but my kids and grand kids do. I get back every now and again and visit with old friends in the industry. My daughter is an O/G attorney in central Ohio so I hear a lot of gossip from her. I guess you can say I'm "lawyered up" I like to follow the oil window chatter Devon/Anadarko since most of my interests are in the areas they are present. Coincidently my daughter in HBP from a shallow well and deep rights assigned to Devon. What's your story? You seem to be in the industry.
Permalink Reply by arminius on January 23, 2014 at 5:03pm

James,

I am not in the industry, but a simple farmer trying to come to terms with reality I find myself in.  My father was an attorney and lobbyist for the Ohio coal industry, representing those interests in both Columbus and Washington.  Were I to name him you would know him, but to protect my anonymity I shall leave my father nameless.  Like you, he acquired interests in several wells and mineral reservations.  However, he suffers from Parkinson-related dementia and failed to tell our family how extensive those interests were.  To protect our family's interests, it was forced upon me to educate myself about this industry and untangle the various threads he had woven.  What began as a necessity has now become a passion such that, to paraphrase once again our county's newest resident, the Utica is the greatest thing to happen to me since the invention of the plow.

Permalink Reply by lance on January 24, 2014 at 3:58am

Hi Arminius, I enjoy reading your replies, very informative and enlightening... GO UTICA! Like you, the Utica has been a great blessing to me and my family. It gives me great satisfaction to participate in this "boom" and help to lessen our dependence on foreign oil, not to mention reaping the financial harvest of pipe line ROWs while we wait on inclusion into a pooled drilling unit. Have you heard what the average estimated payment per acre per month is coming out of the Utica?

Permalink Reply by arminius on January 26, 2014 at 8:01am

Lance,

Thanks for the compliment.  I have not heard of any numbers from anyone in a unit to give you any kind of a figure.  There are so many variables that it would be difficult to come up  with a figure.  There is a poster named Invictus who is attempting to come up with such a figure.  I  am letting the mineral rights buyers serve as a proxy for the value of these acres:  There is so much capital, so much smart capital, entering into this area to purchase rights that I would have to think the per/acre yield must be very high.  Accordingly, the per/acre number to purchase these rights will continue to rise.

Permalink Reply by william r rinehart on January 29, 2014 at 6:15am

http://www.uticashaleblog.com/p/production.html

James, arminus,

 I got this off the internet and it shows production numbers of the current EQT wells to date. If you review the results with other wells on oil alone they seem to compare with some of  Cheaspeaks wells in Carroll County?

Bill

Permalink Reply by bo boboski on January 20, 2014 at 10:41am

More & More people are reporting offers to buy their mineral rights in Cambridge Twp. Wat-up?

Permalink Reply by arminius on January 20, 2014 at 7:29pm

Bo,

What kinds of offers for mineral rights in Cambridge Township are you hearing? 

Permalink Reply by bo boboski on January 20, 2014 at 11:44pm

$8900.  to $10,000.    for 20% royalty leases.  east of I-77

Permalink Reply by pinehill on January 23, 2014 at 8:12am

I live western Harrison and we saw this last year as drilling started to increase in the area.  Got like 2 letters a week, have now died back to 1 month or less.  Think they hope to get people who have waited a while and are not patient.  The price goes up with time look at Belmont offers.

Permalink Reply by lance on January 23, 2014 at 8:22am

Are you talking about leasing or selling prices? The highest lease price of heard of is 6300 per acre and 21%. These pipelines that must go in are paying pretty good too I heard. Guernsey will be real busy real soon....

Permalink Reply by pinehill on January 23, 2014 at 9:08am

Selling not much left to lease

Permalink Reply by lance on January 24, 2014 at 3:48am

I guess not... That's good though, let's get the holes drilled and pipelines in...! Tell the Arabs to keep their oil we got plenty of our own....Amen

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