Barclays Conference Sept 4-6 2012 Halcon

Landowners!!

Please listen to the Barclays conference webinar for Halcon by CEO Floyd Wilson.

He states  " the Utica acreage that started at $2,000 per acre is now $6,000 - $7,000 per acre "

Do Not sell yourselves short !!

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Permalink Reply by Ron D. Jockefeller on September 10, 2012 at 6:19am

Note that the acreage values Mr. Wilson discussed were average values for the producers, i.e. these are not values that producers are paying to landowners as bonuses or as an NPV calculation equal to the sum of bonuses and royalties.  However, it is a good trend, and, if it is anything like the Eagle Ford, one should expect to see landowner payments (at least in the oil and NGL windows) increase.  

Note that landowners who held out for higher payments down in the Haynesville were disappointed when the producers moved rigs to focus on more liquid-y plays.  Yes, be happy that the UticaPP is proving up.  But don't be too stubborn about accepting a price because you are trying to top tick the trade.

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on September 10, 2012 at 2:02pm

Part of the reason prices are $6-7,000 is that Halcon waaaaaaay overpaid for the NCL deal.  They wanted to get in and they paid dearly for it.  

Permalink Reply by Jack on September 10, 2012 at 5:30pm

I hope they want to drill the NCL leases fast to get their money back

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on September 11, 2012 at 1:44am

They do, which is obviously good news for landowners.  But it will take some time to get that investment back.  That was a lot to spend in one day.

Permalink Reply by Dain Liard on September 26, 2012 at 4:45pm

Mark, who else is in Ashaabula county? any numbers for your group?

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