NEW OFFER FROM SHELL

HAS ANYONE HEARD THERE IS A NEW OFFER FROM SWEPI IN BUTLER COUNTY?

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Permalink Reply by George Brown on November 20, 2011 at 2:57pm

Current offer in Venango from SWEPI is $3250/18%.

Not sure if you consider that an old or a new offer.

3uq96odaochmjPermalink Reply by 3uq96odaochmj on November 22, 2011 at 2:25pm

I heard something like $5200/acre and 22% royalty.

Permalink Reply by CATHIE on November 22, 2011 at 2:32pm

wow last i heard was $3650/ACRE AND 18%

3uq96odaochmjPermalink Reply by 3uq96odaochmj on November 22, 2011 at 2:35pm

check'it out...........they are leasing like crazy!

Permalink Reply by CATHIE on November 22, 2011 at 2:36pm

WOW!!!!!!!!!!!

Permalink Reply by CATHIE on November 22, 2011 at 2:39pm

IS THAT IN BUTLER COUNTY? JUST WONDERING

2s72s0k9mm8gdPermalink Reply by 2s72s0k9mm8gd on November 22, 2011 at 3:11pm

Don't get too excited. Me thinks Jasper is in Ohio.

Latest is Shell is breaking into the utica oil region.

That might explain the high numbers if they are accurate.

Permalink Reply by Gasman on November 23, 2011 at 3:47am

I had heard that they were going to need to increase their offer in Butler to get the acres that they need to control Northern part of the county into Venango.  Maybe not all the way to $5200 and 22%......yet!?!  :)

Permalink Reply by Schnoozie on November 23, 2011 at 4:20am

From who did you hear this?? My land is not that far from there.

That Shell is going that far North? 5200 is alot of money.

Seems too high.

Permalink Reply by SBRW on November 23, 2011 at 7:32am

"Seems too high"

Thats a first and something you would never here come out of my mouth. $5200 is not to high by any means for whats under ones property in Butler etc... I would be glad to take some of that "too high" money if it comes your way. lol

Permalink Reply by mike4t on November 23, 2011 at 5:23am

Where are you hearing this??? I live in N Butler Co and would LOVE to get $5000+ if the lease is right!!!

Permalink Reply by Schnoozie on November 23, 2011 at 5:33am

I just saw a Yeti and Bigfoot gassin up their Quads for deer camp at the Sheets in Harrisville.

They said the same thing.

They had 2 for .99 chili dogs and a cup of onion rings. Which by the way is tasty and quite a bargain.

I swear it.

 

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