A year ago vs. now

A year ago there was very little if any real activity pertaining to leasing in Venango County. Things have really changed in the last year.  There have been some set backs, but things generally are moving in the right direction.   There have been leases signed, numerous testings, anda few wells drilled.  I think it is important to stay positve and be wary of negative information that has no fact base.  As landowners, such information cannot help anyone.

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Permalink Reply by matthew h mcsparren on February 3, 2012 at 2:10am

good advice, Venango county will be a new boom town in 2013

Permalink Reply by eric jenson on February 12, 2012 at 11:14am

CAFFEY GROUP???? = Petrohawk+ RAM+BHP+HALCON/Floyd Wilson???  Whats your thought people of the recent group in Venango County??  (Caffey Group)

Permalink Reply by matthew h mcsparren on February 12, 2012 at 11:56am

Do not think Caffery group and Halcon are one in the same. If so please show me the link I missed.

Permalink Reply by matthew h mcsparren on February 13, 2012 at 1:32am

Not sure about Caffery, But Floyd Wilson is CEO of Halcon, An independent drilling co. Former owner of Petrohawk which he sold to BHP an Australian co. for 15 billion dollars. Then Halcon purchased Ram Energy in a 1 for 3 reverse stock split. Halcon is very interested in Venango co. Time will tell.

Permalink Reply by Michael Walentosky on February 13, 2012 at 12:18am

In response to Mark's question and eric's comment.  Do you have information that backs up your assertions?   Please share with us.  Thanks!

Permalink Reply by randall gottus on February 12, 2012 at 5:35pm

...yes, Venango county is just in the beginning stage...When I spoke with the people from shell last month, they stated they will return to Venango county around the 3rd quater of 2012. They just had to return to do a quick final sweep in northern butler county.

Permalink Reply by Michael Walentosky on February 13, 2012 at 12:21am

Randall, Do you thnk the major play will be oil here or gas?   Thanks

Permalink Reply by eric jenson on February 13, 2012 at 8:19am

Oil! and wet gas.  You will not see a rig go for dry gas @ $2.48  Wilson will wait and buy up all he can when the time is right!  Just a guess! 

Permalink Reply by matthew h mcsparren on February 13, 2012 at 10:04am

Think you are right, But I don't think he is going to wait.

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