Replies to This Discussion

Permalink Reply by Joseph-Ohio on October 8, 2015 at 6:49am

That's a very good question to ask MJ.

When do (some or most) of these (Utica) leases expire in your neck of the woods (Trumbull Co.) ?

Been reading about CHK (in spite of their difficult times we've all read and / or are reading about) are renewing a number of their leases to the south and in PA (or have renewed them a little earlier).

Noting they can't sell or mortgage them if they don't own them.

Would like to hear about what's happening insofar as renewals go in the north.

Permalink Reply by Joseph-Ohio on October 9, 2015 at 10:28pm

Are we being ignored MJ ?

Or just no activity ?

Just wondering.

Permalink Reply by Robert Bond on October 10, 2015 at 12:59am

I am hbp so I don't know.

Permalink Reply by Joseph-Ohio on October 10, 2015 at 1:51am

Thanks for your post and replies Robert.

Lookin' for any info. all the time.

Permalink Reply by Robert Bond on October 10, 2015 at 1:55am

Things just don't look very encouraging at the moment.  Oil needs to stabilize above $60.00 to encourage more drilling in my opinion.

Permalink Reply by Joseph-Ohio on October 10, 2015 at 1:23pm

I think we need our legislators to write law to allow (some of) it to be sold on the world market (to grow development / drilling).

Also, I think passage of the Keystone XL pipeline would promote more drilling / development, as more NGLs / diluents would be made available (to send to Canada to be used to dilute their Canadian Oil Sands production) allowing pumping the diluted production to our (USA) refineries.

Just the way I think things stack up.

However, I also (of course) think that you're correct Robert in that higher market prices for crude would promote more drilling / development.

Good luck to all of us, I still think we need it.

Permalink Reply by Robert Bond on October 20, 2015 at 12:56am

Good question.  To the best of my knowledge Halcon still has the drill pad built at Lutz's and renewed the permit not too long ago.

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