What's going on in your area?? any info???
Just curious...
I am in Liberty township and a few months ago got an offer to buy my royalties for 1500 to 1800 per acre, but they would do a more in-depth look if I was serious which "mite change the numbers" slightly....even tho I am not drilled or receiving any royalties ..talked to a landsman rite b4 I contacted them and he advised caution as there will be "significant" activity in my area in the "near future"....how about it, anybody else get an offer or hear anything or see any activity here in Tioga Co. ?
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Permalink Reply by Deb Reynolds on
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Lies, damn lies, and statistics. --Mark Twain (3 types of lies)
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Permalink Reply by Ann Ticopa on
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But Jeb Bush was Wall Street's first choice.
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Permalink Reply by Ann Ticopa on
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"Kuwait inks contracts to import 2.5m tonnes of gas a year
Kuwait City: Kuwait’s state-run oil firm has signed contracts to import 2.5 million tonnes of liquefied natural gas a year through 2020 to meet the emirate’s needs ...
Kuwait Petroleum Corp signed contracts with BP and Royal Dutch Shell to buy one million tonnes a year from each company ..."
http://gulfnews.com/business/sectors/markets/kuwait-inks-contracts-... -
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Permalink Reply by Ann Ticopa on
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"Kinder Morgan Units Award EPC Contract to IHI E&C for Planned LNG Export Facility at Elba Island, Georgia"
"Kinder Morgan, Inc. (NYSE: KMI) and IHI E&C jointly announced today that Kinder Morgan subsidiaries, Elba Liquefaction Company, L.L.C. and Southern LNG Company, L.L.C., awarded to IHI E&C a contract for the engineering, procurement, construction, commissioning and startup of Kinder Morgan’s natural gas liquefaction project at Elba Island, near Savannah, Georgia. ...
Shell is the customer for 100 percent of the liquefaction capacity and ship-loading services being developed by the project. When completed, the Elba Liquefaction Project will process and liquefy a total capacity of approximately 2.5 million tonnes per annum of LNG. ..."
http://ir.kindermorgan.com/press-release/kinder-morgan-units-award-... -
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Permalink Reply by David on
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Received in mail from PennMarc Resources offer for $3500 per acre for 100% xfer of OMG..... thinking this is going in trash, but thought was worth sharing. Any ideas on what really 100% xfer of rights is worth? Sullivan township.
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Permalink Reply by Ann Ticopa on
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It appears (from Landex) that what Pennmarc is (mostly) buying is mineral rights (by deed). There are 68 entries for Bradford County, several for Tioga.
The following names were on some of the deeds. Don't know if they are four separate companies or one company with four names. <g>
APPALACHIAN BASIN MINERALS
PENNMARC RESOURCES II
WILDES MINERAL INTERESTS
MCCROW ENERGY PARTNERS III don't know what agricultural/recreational land sells for now, but that doesn't sound like a "bad" offer for mineral rights.
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Permalink Reply by Ann Ticopa on
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The offer is 3.5x SWEPI's 10 year lease bonus. Sure, the estimated royalty would likely more than make up the difference. But it's no sure thing that the property would be developed. So for some landowners, the "sure thing" could be the better choice.
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Permalink Reply by David on
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Yes, shell is just finishing up two... Think is Delaney pad. 5 Marcellus an now 2 Utica
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Permalink Reply by David on
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An interesting thought occurred to me on selling 100% omg say on 20 acres.. Each layer is repooled? So actually is 20 acres Marcellus an 20 acres Utica to purchasing folks...... then perhaps 20 acres Trent. So really they should offer to buy 60 acres... @3500.00 per acre to be fair... 8)
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