ASCENT LEASE EXTENTIONS

I received a letter about a month ago from Ascent Resources  saying they would like to extend my lease but wanted to go over some amendments and I haven't heard anything from them since.  Has anyone else heard from Ascent regarding lease extensions?

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Permalink Reply by bo boboski on July 19, 2016 at 3:23pm

They have lots of pads ready to drill in Guernsey co. Maybe they also have plenty of D.U. C. wells also. Drilled ,but uncompleted.  They r waiting ,like most drillers, for the price of Oil to go over $60. and stay there.  Good luck.

Permalink Reply by Robert Bond on July 19, 2016 at 8:53pm

What two pads does Ascent have ready to drill in Londonderry Twp.?  Where are they located in the  Township?  Thanks!!

Permalink Reply by Emily on September 10, 2016 at 12:41pm
There is a drill pad on our land... Previously my moms land. Abe troyer off of pennyroyal rd, Londonderry. The land is part of three separate units. Ascent tried to get us to resign for $500 then $1000 per acre 1 year renewal.. With some amendments on Pugh clause and definition of operations. We have not. The 30 day limit is coming up soon.
Mike MurphyPermalink Reply by Mike Murphy on September 11, 2016 at 8:28am
API WELL NUMBER: 34059243910000
OWNER NAME: ASCENT RESOURCES UTICA LLC
COUNTY: GUERNSEY
TOWNSHIP: LONDONDERRY
WELL NAME: LAWSON LND GR 2H
WELL NUMBER: 2H
OIL (2015, Q1): 37,178
DAYS (2015, Q1): 64
OIL (2015, Q2): 50,657
DAYS (2015, Q2): 91
OIL (2015, Q3): 41184
DAYS (2015, Q3): 92
OIL (2015, Q4): 27967
DAYS (2015, Q4): 92
Oil 2015 TOTAL: 156,986
Days Producing TOTAL: 339
API WELL NUMBER: 34059243790000
OWNER NAME: ASCENT RESOURCES UTICA LLC
COUNTY: GUERNSEY
TOWNSHIP: LONDONDERRY
WELL NAME: LAKE LND GR 4H
WELL NUMBER: 4H
OIL (2015, Q1): 34,841
DAYS (2015, Q1): 84
OIL (2015, Q2): 43,269
DAYS (2015, Q2): 91
OIL (2015, Q3): 28757
DAYS (2015, Q3): 91
OIL (2015, Q4): 19130
DAYS (2015, Q4): 91
Oil 2015 TOTAL: 125,997
Days Producing TOTAL: 357
Permit Issued: 05/23/2014
API WELL NUMBER: 34059242910100
OWNER NAME: GULFPORT ENERGY CORPORATION
COUNTY: GUERNSEY
TOWNSHIP: LONDONDERRY
WELL NAME: MILLER 2-25H
WELL NUMBER: 2-25H
OIL (2015, Q1): 25,976
DAYS (2015, Q1): 50
OIL (2015, Q2): 44,877
DAYS (2015, Q2): 91
OIL (2015, Q3): 33991
DAYS (2015, Q3): 91
OIL (2015, Q4): 30187
DAYS (2015, Q4): 91
Oil 2015 TOTAL: 135,031
Days Producing TOTAL: 323
Permit Issued: 07/23/2014
API WELL NUMBER: 34059243700000
OWNER NAME: ASCENT RESOURCES UTICA LLC
COUNTY: GUERNSEY
TOWNSHIP: MADISON
WELL NAME: RED HILL FARM MDS GR 3H
WELL NUMBER: 3H
OIL (2015, Q1):
DAYS (2015, Q1):
OIL (2015, Q2):
DAYS (2015, Q2):
OIL (2015, Q3): 48700
DAYS (2015, Q3): 66
OIL (2015, Q4): 59502
DAYS (2015, Q4): 92
Oil 2015 TOTAL: 108,202
Days Producing TOTAL: 158
Permit Issued: 05/07/2014

Permit Issued: 06/13/2014
Total of 19 wells in this area over 100,000 barrels of oil each in 2015 some of them done it in less then 6 months time ....go to uticashalemaps.com and go to production and work the interactive map and you will see them and the ones near SCIO too and the big gas producers near the river.... these companies are trying to BUFFALO  mineral owners ......If you have a good lease stand your ground .....if they don't renew it won't be long and somebody will lease you....and I would ask for more bonus and more royalty %
Permalink Reply by lance on September 11, 2016 at 8:36am

Thanks Mike Murphy....

Permalink Reply by Robert J. Smith on September 12, 2016 at 6:36pm

you are about to get an education Lance.  Maybe you will finally find what you are up against. The oil and gas corps are not your friend. 

Permalink Reply by lance on September 12, 2016 at 8:20pm

Tell me more Robert. I realize that they are not the landowners friends but what am I about to be educated on? I'm curious.... 

Permalink Reply by Robert J. Smith on September 14, 2016 at 10:42am

That is why you need educated.  All good things come in time.  

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