Replies to This Discussion

Permalink Reply by Jason on March 27, 2015 at 4:21pm

Victor, thank you for sharing your information. I didn't even know of that meeting and I live in southern Beaver county. I am currently leased through early 2017 with Chk. I believe RR will take over my lease.
I have wondered what was going in at the 22/18 interchange where they have clear cut hundreds of trees on the eastbound side. I guess I now know.

Thanks again,
Jason

Permalink Reply by Todd on March 27, 2015 at 4:23pm

Victor,
Welcome to the Beaver County forum. Thank you for the vital information. I've been looking at Mark West's company presentations including the location of the new Fox complex and its proximity to southern Beaver County and was hoping to hear the announcement that you just made.
From talking with Southwestern's landman for Hancock County, they too are awaiting infrastructure to be built in the local area for new leasing since their leasing budget is done this year after the huge northern WV acquisition from Chesapeake.
So, as I understand it, the Fox Complex will be an NGL stripping plant that with separate out the heavier liquids and will be the origination point for the resultant dry gas gathering pipeline now named the Burgettstown lateral to supply the ET Rover interstate pipeline to begin production 4QTR 2016.

Permalink Reply by Jason on March 27, 2015 at 4:39pm

Todd, MWest web page is stating the plant will provide 200 MMcf/D of processing capacity.

Permalink Reply by Todd on March 27, 2015 at 4:53pm

Here's the scoop on the scope of Mark West's footprint on the area:
http://www.markwest.com/media/54199/marcellus.pdf

Permalink Reply by Gary on August 17, 2015 at 12:14am

Has anyone heard of any recent activity?

Permalink Reply by Nancy LeNau on August 17, 2015 at 2:40pm

Gary, Nothing new  here in Hookstown, Pa.   Very Quiet....

Permalink Reply by Brad on September 27, 2015 at 2:44am

a friend of mine just resigned with range for 5 years 2500 an acre 19% royalties he has 5 acres near Seibel farm independence township but he also said his neighbors with more acreage are receiving their payments over a five year period.

Permalink Reply by Todd on September 27, 2015 at 3:57am

Thanks for the info Brad.

Spreading it out over 5 years would have tax advantages.

Do you know if that 19% royalty is gross or does it have a market enhancement clause?

20% is the going rate now in many areas according to my industry contacts.

Permalink Reply by Brad on September 27, 2015 at 6:20am

Not sure Todd he did not seem to know much about his lease he said it was the same as the last lease. Also he did not use attorney this time big mistake.I told him about this site hopefully he will join.

Permalink Reply by Nancy LeNau on September 14, 2015 at 2:32pm

This is not about leasing but I did not know where to put it.  Bow and Arrow Land Company came out to talk to me about selling my Mineral Rights.  The man offered $2,000.00 per acre....I said No.   I then received a call from them offering me $ 3,000.00 per acre.   I declined.  That's about it.  I live in Hookstown, Pa., Greene Township, Beaver County.  A couple years back.... Bounty, ( I was told they are no longer in business)  offered me &  $6,000.00 per acre.  

Permalink Reply by craig on September 14, 2015 at 5:24pm

Nobody should be selling their mineral rights right now from my perspective. You don't sell in the down market.

Sometime after Shell announces the plant things will start to get interesting here.

Permalink Reply by Nancy LeNau on September 15, 2015 at 2:35pm

Craig, As Always..... I agree 100%  of what you say !   Thank you....  now and in the past.  God Bless....

• ‹ Previous
• 1
• 2
• 3
• 4
• …
• 8
• Next ›
• Page