Replies to This Discussion

Permalink Reply by Bob Donaghy on July 13, 2014 at 2:59pm

Bill, you may be on the bubble. I am not aware of any horizontal Marcellus wells in either WV or OH that have been drilled or permitted west of a line drawn between Sistersville and Ellenboro, WV. Hopefully, it will happen soon, if not, you may have to wait for the Utica boom.

Permalink Reply by Manuela Reynolds on June 25, 2014 at 11:00am

Hello, I talked to Chesapeake yesterday  and was told that the Hadley well produced so far 5000 barrels of oil and 250000 mcf of gas in the last 5 months (production started early Feb.). My question is: I own 3 net acres and 14% royalties. Can anybody tell me what kind of check I can expect??? Chesapeake was not able to answer me that, but told me that I should have a check no later than the last of August! ANy help in this is greatly appreciated! Thanks!

Permalink Reply by searcherone on July 13, 2014 at 3:26pm

Magnum Hunter and Edgemarc have a joint venture to drill on a pad named Haynes in Grandview TWP, Washington Co. Ohio.  lol Location might as well be Jackson TWP in Monroe as the laterals projected almost touch the county line.  Check page 31 of Magnum's presentation to see their projected idea of gross production

http://magnumhunterresources.com/Magnum-Hunter-Resources.pdf.

They project it to be twice that of the drilled Stalder well.  This is how I think they have made the projection.   In Jackson TWP. Monroe Co.  there is a vertical Marcellus well drilled by Beck Energy and named the Beaver well.  It has been in production for three or four years and the ODNR records list it has having approximately 87 feet of Marcellus, about twice what is in the Stalder driller Marcellus. This well is across the river from the lower end of Sistersville and the proposed Haynes will be just down Rt. 7 at the Monroe/Washington County line.

Bob, glad your thinking about Ohio as well as WV as we all have to give up on the geographic boundaries.  Those little plants and animals millions of years ago never heard of us!!  Hope this is helpful.

.

Permalink Reply by Bob Donaghy on July 13, 2014 at 5:10pm

Searcherone, thank you for the link to the current MH report. The Haynes well in eastern OH will indeed be the westernmost horizontal Marcellus well to date. If it produces as predicted, it would make it appear highly likely that Bill's 200 acres near Friendly, WV, will one day have a horizontal Marcellus well.

Permalink Reply by William Garrison on July 26, 2014 at 4:49pm

Bob, talked to my family this week. My grandfathers 200 acre of property is in Wick , WV. He was born in Friendly and became a dairy farmer and a oil land man for turner oil at the turn of the century. Any in sight about Wick? Bill

Permalink Reply by Bob Donaghy on July 26, 2014 at 6:51pm

Bill, if your minerals are at Wick, you are in the liquids rich Marcellus and surrounded by future wells - Henderson, Tallman and Hadley in Tyler and Davis in Pleasants counties,  to name a few.

Permalink Reply by William Garrison on July 27, 2014 at 1:48pm

Bob, our location sounds encouraging. Its been a year + since they leased our rights. I would think that liquid rich gas would be a high priority for the drilling companies. My family is getting "itchy" and are now talking about selling our mineral rights since they have not drilled. Sounds like we are in a " sweet spot" as far as natural gas goes and that the odds of Antero drilling on our property are quite high. Your thoughts?...Bill

Permalink Reply by jason irvine on July 28, 2014 at 6:35pm

I own property on 8 mile ridge which isn't to far from wick, about 10 miles as the Crow flys you have wet Devonian wet Marcellus and dry Utica. Any one of those could stand economically alone. We may be in the sweet spot of the dry gas as well.

Our properties are quite valuable. I feel your pain......drilllllllll..... the question is when. They are coming for sure. If you look at a map of the action is along route 50 from Parkersburg to clarksburg. Our areas are remote....there are not 4 lane rt. 50 running thru our area. This makes it difficult. Also there is a large lack of infrastructure. This is a major problem. The wet gas made that aspect even worse. Hopefully with these large dry gas wells which is pipe line ready will get a push for everything.

Please do not sell your property. We hill Billy's need to hold on because there are bigger better things to come. It is very valuable and will benefit your entire family. Dont let the o and g co. Tell you otherwise.

Let all your wells be gushers.

Permalink Reply by Bob Donaghy on July 28, 2014 at 7:06pm

Bill, I agree 100% with Jason, I think your property at Wick is setting on a small fortune, but I would add - if you are poor, broke and can't wait for a few years, selling might be right for you.

Permalink Reply by William Garrison on August 2, 2014 at 3:58pm

My family is not broke. I own a small restuarant in ABQ, NM. We're doing fine. I'm sure that we can wait.As always thanks for your insight. Bill

Permalink Reply by William Garrison on August 3, 2014 at 2:22pm

Bob, sorry for the short reply. I was in a hurry to get out the door. Im chief cook and toilet cleaner at my restuarant about 100 hours a week. No, my family is not broke. Just frustrated. Im trying to temper their anxiousness. I know the royalties are worth many times the amount they would offer us to buy the rights. Antero gave us our lease checks in Feb. 2013.My guess would be that they have the infrastructure in place to drill around the summer of 2015. 2.5 years later? Is my assumption somewhat correct? I would imagine that in the "WET" area they are anxious to drill, if they can complete a drilling unit. Their not making much off the dry gas. Why can't we export more our gas to Europe and give the finger to Russia? Bob, hope your family is well and as always, your insight is much appreciated. Bill

Permalink Reply by Bob Donaghy on August 3, 2014 at 4:19pm

Bill, Antero has 369,000 net acres leased in 12 counties in northern WV and south western PA. In a perfect world, those acres would have 3600 horizontal wells. If they could drill 200 wells per year, it would take 18 years to drill the wells on their existing acreage. They want to put your 200 acres in a drilling unit and drill a well on it so that they can hold your 200 acres by production. I think the worse case scenario has Antero paying you another bonus in Feb 2018. We would all prefer a well, but another bonus would not be a bad thing. I hope you are correct about 2015, but I many of us will have to wait longer than that.

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