Rogersville vs Marcellus vs Utica?

 

Any discussion on how these three compare with each other?

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Permalink Reply by roadbuilder on April 13, 2015 at 3:31am

 

  Any comments about the NEXT BIG thing , ROGERSVILLE SHALE  ?

Permalink Reply by Dexter Green on April 13, 2015 at 6:21am

It's deep.  Deep=expensive.  At a time when commodity prices are killing operators it's hard to get excited about another expensive discovery.  Adding another stream of gas into an already crowded basin is usually a recipe for death-spiral-inducing differentials.  This play might have to wait a while before it yields any serious results.

Permalink Reply by farmgas on October 4, 2015 at 6:44am

Does the Rogersville Shale extend into western and central PA?   If so, how deep is it located and how thick is the layer?   Is it considered a good prospect for PA?

Mike MurphyPermalink Reply by Mike Murphy on October 4, 2015 at 11:39am

NOPE

0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on October 4, 2015 at 3:52pm

The Rogersville Shale is  another opportunity to lease acres for a buck then flip them to CHK when they come back around for more. 

I think the lease bonus is up to $80 an acre now, by 2017 it may be $200. "You know there is such thing as a 14 point buck, but very few people have seen them", the response to you asking if the bonus will ever reach $1,000 per acre. You lease for $800 and the next month the bonus shoots up to $8,000 an acre. But what about the 14 point buck answer I got when I asked about $1,000?

DPS Virginny can show up to help the landowners as they did in PA and Ohio. "The bonus is nothing, the royalty is everything" they said. The bonus was actually everything.

The O&G company ceo can brag about the play then sell their leases for a few Billion if the landowners are lucky. Otherwise landowners get to be short changed a royalty for several years.

Permalink Reply by Tim on October 5, 2015 at 3:55am

are mineral rights trading in the rogersville?

what are the price points for purchasing?

Permalink Reply by Jason Cooper on October 5, 2015 at 11:19pm

Dexter hit the nail on the head.  Also, the Rogersville test well results I've seen were a bit underwhelming

Permalink Reply by larry e. workman on October 9, 2015 at 6:44am

Test results are what they want you to see. All 3 test wells in Lawrence County, Ky  have now been permitted for horizontal production wells. I've been offered $1500/acre for my mineral rights. I'm within a mile of the Chesapeake Northrupp Heirs test well.

Permalink Reply by Jason Cooper on October 9, 2015 at 9:01am

That's great. If memory serves, Chesapeake, Cabot, Cimarex and EQT were in the area last year on bit of a land grab, but I thought most of the activity had stopped.  Not the case?

Was the $1,500/acre for a lease or to sell?   I know leases weren't nearly that high a year ago.  Most of the leases I've seen were in the $200/acre range.

Permalink Reply by larry e. workman on October 9, 2015 at 9:30am

To sell, even if leased which I am. I knew nothing about deep rights when I leased, had one shallow (2800') gas well drilled in the Berea sandstone  then the lessee subleased my deep rights to Cimarex for somewhere in the $300-500/acre range for 2 years (of course I got nothing). I'm sure Cimerax and Chesapeake trade back and forth so I'm assuming CKE will end up with my deep lease rights.

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