Hillcorp's Hickory Bend Project

http://businessjournaldaily.com/drilling-down/next-pipeline-phase-b...

It will be interesting to see when and where Hillcorp drills the wells for this gathering system of pipelines. They have many leases to complete in the
Next three years as they signed many deals two years ago. This area will see a large amount of drilling activity, pay attention.

Views: 1312

▶ Reply to This

Replies to This Discussion

015334grltd9mPermalink Reply by 015334grltd9m on July 17, 2013 at 1:12pm

David,

Just got a tip that blueracer is going through an old defunct short rail from Lowellville into PA.  My source is very reliable.

Permalink Reply by David Perotto on July 17, 2013 at 1:32pm

Ron,

Would this be the railroad that runs along the Mahoning River in Lowelville?

015334grltd9mPermalink Reply by 015334grltd9m on July 17, 2013 at 1:54pm

Yes, but then it goes southeast at Lowellville.

Permalink Reply by country driver on July 18, 2013 at 2:41pm

One of Hilcorps pipelines is going to end up just north of Lisbon Ohio. Hilcorp ended up with 30,000 to 40,000 ac. of Leases off of Chesapeake because of the Brinker storage area.

Permalink Reply by Robert Raitz on July 18, 2013 at 2:50pm

A third of that still in litigation which slows any drilling in Brinker storage to a grinding halt.

Permalink Reply by Inchworm antenna on July 19, 2013 at 5:57pm

Maybe so, and it seems like they have plenty of other places to drill for now. 

In any case they are working fast at laying the pipeline right through the storage field between NE of Lisbon and route 7. There was a lot of progress this week. 

Permalink Reply by Robert Raitz on July 21, 2013 at 9:47am

Hilcorp is about to find out that there are people in Brinker willing to hold out for more than the 15%. We don't like it when others try to take advantage or bully us. It's not only the money but also the control of our land that we wish to preserve and protect. When this big dig is all over with, we still have to live here and pick up the pieces providing there are still pieces to pick up. Big oil will be long gone.

Permalink Reply by Inchworm antenna on July 21, 2013 at 4:14pm

You can reply to me with that kind of statement, but I don't buy in.

When Chesapeake (or a subsidiary) obtained old flat rate leases in WVA and Kentucky over the past decade, those folks there got their flat rate $100/$200 annual gas royalties. There's evidence described in articles about two lawsuits to show it.   Currently in PA, and now WVA, many old flat rate lease royalties are increased to 12.5% net or gross depending on the state through their minimum royalty laws.  Hilcorp came here with a different tone, offering a standard royalty, then a better one (15% -all while Columbia also is supposed to be maintaing a royalty and a working interest as well), along with a laundry list of substantial property protections.  All while there's no minimum royalty law in Ohio.  

One would be hard pressed to find a better amendment nation wide that goes from such doom and gloom (like my old lease) to now the Brinker Amendment.  Sounds quite classy to me. IMHO the Brinker Amendment is what happens when people from two entities treat each other with respect and regard.

After it was announced Hilcorp was coming to town to speak with interested parties in the Brinker community, many folks said to me in one way or another: " they're not gonna come here and offer you a royalty or anything else."  THEY DID!  But, again, you think what you want, but Hilcorp seems pretty classy to me.

I'm not looking for a perfect world, but am looking to make it better.

Good luck in your quest.

RSS

© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service