Discussing the Marcellus and Utica Shale
Artex Noble County Ohio, will they extend there leases ?
Most of there leases are expiring in November -December 2016 . Are they going to extend them?
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Replies to This Discussion
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Oil/Gas ProPermalink Reply by James Vanderink on -
Be patient. Technology will improve and the "core" drilling areas will become less available. The Artex holdings are in the elusive "oil window". Companies are only drilling the easy money right now. $60 oil might bring activity west.
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Permalink Reply by Rickey L McLaughlin on
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Most likely! But not at same $$...They will be trying to lease at lower % and take out all the good! All and any clauses that protect the land owner. Basically be a take what we offer or let "someone else"... maybe lease you years from now crap! inhancement clauses out the door!
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