5 years later... - GoMarcellusShale.com2024-03-29T06:48:12Zhttps://gomarcellusshale.com/forum/topics/5-years-later?commentId=2274639%3AComment%3A832076&xg_source=activity&feed=yes&xn_auth=noUntil the price point of nat…tag:gomarcellusshale.com,2020-08-27:2274639:Comment:8320762020-08-27T18:34:54.347ZThomas L. Ayershttps://gomarcellusshale.com/profile/ThomasLAyers
Until the price point of nat gas returns above $3 or so and the election is over, the results of which will determine the fate of fracking in the US, I wouldn’t hold my breath on any leasing in Potter County. Our JKLM leases expired in Jan 2020, and there has been no contact at all. My understanding of JKLM drilling is that other than the well near Sweden Valley (104U), they have halted everything until prices improve. For that pad, they have appeared to have capped 1 well to cut production…
Until the price point of nat gas returns above $3 or so and the election is over, the results of which will determine the fate of fracking in the US, I wouldn’t hold my breath on any leasing in Potter County. Our JKLM leases expired in Jan 2020, and there has been no contact at all. My understanding of JKLM drilling is that other than the well near Sweden Valley (104U), they have halted everything until prices improve. For that pad, they have appeared to have capped 1 well to cut production because of gas prices. Gas prices are currently on the upswing, thank God, but IMO there are numerous headwinds in this industry that must be addressed before JKLM or anyone else is willing to lease again. With JKLM not leasing or dril…tag:gomarcellusshale.com,2020-08-24:2274639:Comment:8320602020-08-24T18:31:45.610ZTimhttps://gomarcellusshale.com/profile/Tim539
<p>With JKLM not leasing or drilling, Potter County has quieted down. I am trying to sell my minerals in Oswayo, in case either of you know of anyone.</p>
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<p>Eventually, higher nat gas prices will bring back the leasing and drilling, however, we need to see a substantial drop in natural gas daily production before that happens....and we also like to see operators be very disciplined when the price does go back up, and they don't over drill again and flood the market with too much natty…</p>
<p>With JKLM not leasing or drilling, Potter County has quieted down. I am trying to sell my minerals in Oswayo, in case either of you know of anyone.</p>
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<p>Eventually, higher nat gas prices will bring back the leasing and drilling, however, we need to see a substantial drop in natural gas daily production before that happens....and we also like to see operators be very disciplined when the price does go back up, and they don't over drill again and flood the market with too much natty gas......</p> Right off the intersection of…tag:gomarcellusshale.com,2020-08-01:2274639:Comment:8305392020-08-01T21:50:45.519ZLori Woodhttps://gomarcellusshale.com/profile/LoriWood
<p>Right off the intersection of Gee and Collins hill road, things are set up, land has been flattened. Maybe UGI</p>
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<p>Right off the intersection of Gee and Collins hill road, things are set up, land has been flattened. Maybe UGI</p>
<p></p> I got a lease 2 years ago in…tag:gomarcellusshale.com,2020-08-01:2274639:Comment:8305362020-08-01T21:34:54.246ZBecky Smithhttps://gomarcellusshale.com/profile/BeckySmith
<p>I got a lease 2 years ago in Bingham from JKLM. What do you see going on and where?</p>
<p>I got a lease 2 years ago in Bingham from JKLM. What do you see going on and where?</p>