Mega Wells in Noble & Monroe Co.

   Its seems Antero has the new biggest and best wells. It looks like anyone on the Noble , Monroe Co lines near Rt. 513 are going to be the biggest winners in the oil and gas quest. I have heard that HBP wells in this area are getting Royalty buy out offers of $14,000 an acre from Oklahoma City...This will make the land holders eyes light up.  But from what the wells are capable of are only a drop in the bucket of what the royalty payment will be..  Keep in mind that Antero is Part of XTO and XTO is EXXON MOBLE.

Views: 3649

▶ Reply to This

Replies to This Discussion

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on December 19, 2013 at 12:25pm

They do business together, which is pretty common.  That said Antero (AR) is its own company.

Permalink Reply by Rick on December 25, 2013 at 4:04pm

I'm not sure if I have (AR) information but I would like to speak with a Land man and see if they are interested in my small acreage. 

Permalink Reply by The Hiker on December 19, 2013 at 8:50pm

Beck originally sold the deep rights to 4000 acres of leases in Noble County to XTO and kept an ORR for himself.   XTO sold the leases to Antero earlier this year for ? and quickly paid the landowners $3000 and acre to "fix" them (160 acre maximum pool, agreement not to use the Monroe county lawsuit ever...etc...).  The majority of the acreage Antero acquired was close to the Monroe/Noble line in the vicinity of the big Monroe wells whose results have been published.   In fact, the SIBERIAN unit is made up almost exclusively of this "Beck" acreage, and the GRAVES unit also contains a fair amount.

After the first Antero presentation at the Noble County fairgrounds in 2011, I spoke to Kevin Kilstrom (Antero VP) who mentioned there was an XOM connection in the financing.   That fact is now buried in the back rooms, but the Beck/XTO/Antero deal seems to reinforce the statement.   Does XOM own Antero?   Does XOM own the hedge fund (or whatever they are) that financed Antero?  Who bought or was given the majority of the stock after the IPO?  There's the key to the ownership question.

Permalink Reply by The Hiker on December 20, 2013 at 7:22pm

James:   Good find.   Sounds like a bunch of big guns to me.

Permalink Reply by searcherone on December 19, 2013 at 2:43pm

James, is your last question, related to the deal that XTO made to acquire Beck Energy leases, mostly in Monroe Co and some in Belmont and Noble?   The XTO/Beck Energy deal apparently was not well vetted by XTO prior to finalizing.   Has made less than good public relations for XTO and time will tell how they deal with it.

Permalink Reply by Jarrad Stephens on December 20, 2013 at 6:02pm

It sure would be nice if Antero was to pick up the other side of the acreage acquired by XTO. I did not know that Antero got the Beck stuff. We were included in the 3,500+/- acreage from Wellington to XTO from Strata back in late 2011. It just seems like Antero is moving and XTO is concentrating on Pennsylvania and not Ohio. I know eventually something will happen but I am hopeful sooner than later.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service