I am new to GMS, so forgive me if my questions have been answered in past discussion.
I am looking at buying acreage with an old Atlas lease from the 1990's that is currently HBP.
I understand that Atlas is now owned my Chevron, but how does the JV with Reliance fit into Mercer Acreage?
Does anyone have a feel for how long Chevron will let these HBP parcel sit before drilling?
Are any of the new wells currently being drilled on old leases that are HBP?
Thx!
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If it is leased By Chevron they will drill it they r in the process of drilling a well in nickelville pa
Is the well in Nickleville on property that has an old Atlas lease?
I am in the same boat John. I am sitting on 54 acres HBP by a well that isn't on my property but I share the royalties. I have received a letter from a Texas company that is interested in purchasing my royalty rights but that is something I am not going to entertain. They (I think Hillcorp) have started a well pad about a 1/2 mile from my property. I think it is called the James well located next to Flynn's Tire on 62. I don't have information like who is included in production unit. It seems we HBP are flying blind. I wish Chevron or Hillcorp, or however our old leases have been sold to, would step up and provide us with information like what their intentions are for our property.
Bill I drove by the well next to Flynns, but am unsure if it is on property with an old Atlas lease. There certainly are old Atlas wells nearby. I may repost this question on the Mercer County site once I become a Mercer County member.
Thanks Jim. I do see frac water distribution facilities being built, which indicates growth into Mercer County.
1 site is on the Mercer Cty/ Butler Cty line, on Browntown Rd off Rte 173, between S.R. and Grove City. It's the old Meadowlake Golf Course property and owned by a S.R. man. The old course has a very large lake (10 acre?). SWEPI is drilling on Shields Rd (6-8 laterals) and Harmony Rd not far from there.
Then there is one in West Middlesex on Rte 18 just north of Rte 551 intersection. I see KYPA Enterprises on the sign, which is a fella from Hermitage. They'll be drawing from Shenango River.
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