Pin Oak buys SWEPI acreage in Mercer, Venango, and Crawford Counties, - GoMarcellusShale.com2024-03-28T11:01:43Zhttps://gomarcellusshale.com/forum/topics/pin-oak-buys-swepi-acreage-in-mercer-venango-and-crawford?commentId=2274639%3AComment%3A796566&feed=yes&xn_auth=noHow big is this Pin Oak gas…tag:gomarcellusshale.com,2022-07-14:2274639:Comment:9030322022-07-14T15:47:24.890Zfarmgashttps://gomarcellusshale.com/profile/farmgas
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<p>How big is this Pin Oak gas company, and what influence do they have in the Armstrong & Indiana county area? Their name seems to be popping up more frequently in this area. Are they doing any drilling? If they are just buying shallow gas wells & shallow gas rights how then will they be in a position for shale gas drilling without owning the deep gas rights?</p>
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<p>How big is this Pin Oak gas company, and what influence do they have in the Armstrong & Indiana county area? Their name seems to be popping up more frequently in this area. Are they doing any drilling? If they are just buying shallow gas wells & shallow gas rights how then will they be in a position for shale gas drilling without owning the deep gas rights?</p> https://www.usatoday.com/stor…tag:gomarcellusshale.com,2019-04-26:2274639:Comment:7982442019-04-26T19:09:02.301Zpalefacehttps://gomarcellusshale.com/profile/paleface
<p><a href="https://www.usatoday.com/story/money/2016/02/15/royal-dutch-shell-bg-group/80403694/" target="_blank">https://www.usatoday.com/story/money/2016/02/15/royal-dutch-shell-bg-group/80403694/</a></p>
<p><a href="https://www.usatoday.com/story/money/2016/02/15/royal-dutch-shell-bg-group/80403694/" target="_blank">https://www.usatoday.com/story/money/2016/02/15/royal-dutch-shell-bg-group/80403694/</a></p> OT,BG British gas co?tag:gomarcellusshale.com,2019-04-26:2274639:Comment:7983452019-04-26T19:05:06.474Zpalefacehttps://gomarcellusshale.com/profile/paleface
<p>OT,BG British gas co?</p>
<p>OT,BG British gas co?</p> OT,was that meeting before th…tag:gomarcellusshale.com,2019-04-26:2274639:Comment:7983432019-04-26T17:47:28.822Zpalefacehttps://gomarcellusshale.com/profile/paleface
<p>OT,was that meeting before the BG purchase.Since the purchase of BG Shell seems to have a different focus.</p>
<p>OT,was that meeting before the BG purchase.Since the purchase of BG Shell seems to have a different focus.</p> Yes.tag:gomarcellusshale.com,2019-04-26:2274639:Comment:7983392019-04-26T15:43:03.494Zpalefacehttps://gomarcellusshale.com/profile/paleface
<p>Yes.</p>
<p>Yes.</p> Very few new leases in Tioga…tag:gomarcellusshale.com,2019-04-26:2274639:Comment:7980312019-04-26T13:02:02.148ZRalph cramdonhttps://gomarcellusshale.com/profile/Ralphcramdon
<p>Very few new leases in Tioga by Shell in the past few weeks ........</p>
<p>Very few new leases in Tioga by Shell in the past few weeks ........</p> Shell is actively trying to s…tag:gomarcellusshale.com,2019-04-26:2274639:Comment:7983322019-04-26T12:51:45.537Zpalefacehttps://gomarcellusshale.com/profile/paleface
<p>Shell is actively trying to sell there Utica area in nc pa.They have bids they are considering.Its like a house with a for sale sign on it.</p>
<p>Shell is actively trying to sell there Utica area in nc pa.They have bids they are considering.Its like a house with a for sale sign on it.</p> Is not SWEPI the exploration…tag:gomarcellusshale.com,2019-04-25:2274639:Comment:7982202019-04-25T22:21:45.387ZJed Clampetthttps://gomarcellusshale.com/profile/JedClampett885
<p>Is not SWEPI the exploration division of Shell, and they ARE building a cracker in the area, so why would they sell of acerage? Seems they could just sit on it for decades also until needed for their cracker. They SWEPI seems to have drilled some test wells in N Central PA and has just closed the valve and is saying "OK we know what we have, not telling you you anything else"</p>
<p>Is not SWEPI the exploration division of Shell, and they ARE building a cracker in the area, so why would they sell of acerage? Seems they could just sit on it for decades also until needed for their cracker. They SWEPI seems to have drilled some test wells in N Central PA and has just closed the valve and is saying "OK we know what we have, not telling you you anything else"</p> A lot of abandonment cost goe…tag:gomarcellusshale.com,2019-04-06:2274639:Comment:7965662019-04-06T13:59:01.947ZRalph cramdonhttps://gomarcellusshale.com/profile/Ralphcramdon
<p>A lot of abandonment cost goes along with owning 'old ' wells </p>
<p>A lot of abandonment cost goes along with owning 'old ' wells </p> They are buying leases that a…tag:gomarcellusshale.com,2019-04-06:2274639:Comment:7966182019-04-06T13:20:35.744ZJim Litwinowiczhttps://gomarcellusshale.com/profile/JimLitwinowicz
<p>They are buying leases that are all held by production of old style shallow vertical wells. That means they will get some cash flow from what these wells are producing with the addition of being able to sit on them for decades, if necessary, until the deep gas becomes worth drilling. At least that is how I see it.</p>
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<p>No one can predict the future. Five years from now nat gas may be selling for double or even triple than it does now. If that happens, it will be drilling the…</p>
<p>They are buying leases that are all held by production of old style shallow vertical wells. That means they will get some cash flow from what these wells are producing with the addition of being able to sit on them for decades, if necessary, until the deep gas becomes worth drilling. At least that is how I see it.</p>
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<p>No one can predict the future. Five years from now nat gas may be selling for double or even triple than it does now. If that happens, it will be drilling the Utica in these areas. But it may and probably will be longer before prices spike that high, IMO. Also depends on how many new pipelines serve the area, how many more cracker plants are built, will we convert trucks to burn LNG or CNG, and other future uses.</p>
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