Thoughts..Opinions,,Comments on Trump's Implementation of "Drill Baby Drill"

I welcome all thoughts insights. Just be logical and kind..

Part of Trump's new 2025 agenda is to reopen drilling in the US, Hopefully activity will come back to our area in Ohio.

I was told and read that if activity would come back it would be in about two (2) years. Part of this would be due to financing,

acquiring investors, lining up drilling companies, vendors such as trucking, piping etc. Most of this was available to our

area years ago but now mostly non existent.

I figured that someone must have some insight as I have received (4) offers in the past 8 months to buy my property.

Before that all offers were for timber only.

Would like to hear from anyone who has an idea of what we may or may not see down the road for the Ashtabula area.

Thx

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Permalink Reply by Barbara on November 23, 2024 at 5:13am
There appears to be an increase of new lease agreements being signed in the Bradford County PA area (Repsol, Chesapeake and Rally Point). I know you are in Ohio but I thought this might be of interest. We also have had a lot of offers to sell our land (all of a sudden) which may be a signal of what might be coming!
Permalink Reply by john w. howard on December 14, 2024 at 4:17pm

My only concern is that we may create an oil glut, forcing prices down.  The result would be a bunch of wells choked back or, more likely, becoming DUC's.  Producers don't want to give away their product.  Having said that, I am 100% behind Mr. Trump and his commitment to the industry

Permalink Reply by Nancy Mosley on December 14, 2024 at 4:25pm

The boom and bust cycle of the oil and gas industry! We need more LNG shipments.

I'd rather see more natural gas from the Appalachian area, private royalty owners, for the most part, than on federal land, mostly oil leases with associated natural gas, which will drive down the price of NG even more.

Permalink Reply by john w. howard on December 16, 2024 at 8:05am

The LNG industry can, by itself, turn around and support the price of nat gas.  Problem is the freaking government keeps trying to curtail it, placing a "temporary pause" on approvals for LNG export permits.  Biden recently changed his position here but is slow walking it.  DJT will fix it surely.  For the first time in my life I am bullish on nat gas because of LNG and the AI demand

Permalink Reply by Nancy Mosley on December 16, 2024 at 3:51pm

Very good points. Reason to be optimistic! Thank you for your articles, very informative.

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