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?
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.