eqt bids $4750 per acre for pittsburgh airport property

http://www.post-gazette.com/stories/business/news/eqt-consol-bid-on...       i think the individual landowners in this area are being low balled right now!

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Permalink Reply by Jim Litwinowicz on December 6, 2012 at 3:34pm

From maps I have seen and from feedback from the O & Gs most of Venango is believed to be wet.  The south eats quadrant is probably dry but until wells are drilled they will not know for sure.  All eyes are on the Halcon, Shell, Chevron, Range, Seneca wells. We should know more in a few months.

Permalink Reply by J. oliver on December 6, 2012 at 8:58am
The Pgh Airport is being offered $4,750 per acre because it contains nearly 10,000 contiguous acres which will allow many "ready made" drilling units. If you have thousands of contiguous acres then hold out for higher money. If you don't, then the market gas already told you what your land will command.
Permalink Reply by Oliver Perry on December 6, 2012 at 3:34pm

Sam,

Here are a couple of maps I have, who knows how accurate they are. Both of them show your area as Utica wet gas.

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Permalink Reply by Samuel J. Orr on December 6, 2012 at 5:45pm

Oliver: Thanks so much for the map references. I hope they are accurate. Time will tell.

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