Replies to This Discussion

Permalink Reply by paleface on April 2, 2016 at 1:23pm

http://www.fractracker.org/2015/06/utica-drilling-in-pennsylvania/

Permalink Reply by paleface on April 2, 2016 at 1:26pm

http://www.shaledirectories.com/news/Facts-Rumors-186-April-2-2016

Permalink Reply by Deb Reynolds on April 6, 2016 at 2:33pm

Lies, damn lies, and statistics. --Mark Twain (3 types of lies)

Permalink Reply by Ann Ticopa on April 7, 2016 at 1:57am

But Jeb Bush was Wall Street's first choice.

Permalink Reply by Ann Ticopa on April 7, 2016 at 3:29am

"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-...

Permalink Reply by Ann Ticopa on April 11, 2016 at 3:08am

"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-...

Permalink Reply by David on April 11, 2016 at 8:11am

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.

Permalink Reply by Ann Ticopa on April 11, 2016 at 10:40am

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 II

I don't know what agricultural/recreational land sells for now, but that doesn't sound like a "bad" offer for mineral rights.  

Permalink Reply by Ann Ticopa on April 11, 2016 at 3:32pm

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. 

Permalink Reply by David on April 11, 2016 at 12:31pm

Yes, shell is just finishing up two... Think is Delaney pad. 5 Marcellus an now 2 Utica

Permalink Reply by David on April 11, 2016 at 12:42pm

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)

Permalink Reply by paleface on April 18, 2016 at 8:12am

David are the Utica wells drilled?

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