Thought I'd start a new thread as the old ones seem very long.
What's going on in Tioga County? Any news? Any rumors?
We have a small share in the Sevem and a little more in the Fenton; the Hotchkiss just misses us, I believe. Our leases are nearly up and we've heard nothing.
If they don't contact us, we will politely ask that the lease be voided. But if they do, we don't know what a good offer is anymore. We were first leased 10 years ago.
Is this Tioga Co., PA? Which township?
With whom did you sign the lease, 10 years ago?
Did they ever drill, even a vertical to HBP?
yes, sorry. This is the Tioga county site, but I forget that doesn't show when the post goes out to all.
Charleston Twp. (My parents are in Delmar, near the Anthony)
Original sign with East, renewal with Shell.
Topholes in both.
We get shut in royalties on Sevem.
Fenton never got unitized as far as I know.
Fenton (probably) never had a well drilled, while Sevem and Anthony have wells (probably verticals to HBP) with spud dates of 1/5/2011 and 7/8/2010, respectively. They are both shown as "Regulatory Inactive Statue"....DEP speak for nothing happening there.
Shell has been cautiously developing Tioga County, at a snails' pace in the last twelve months. The Fuller (Middlebury Twp.) is a four well Utica pad that has been completed and is now in production. The Kennedy (Delmar Twp.) is an eight well Marcellus pad just completed and ready for production. Shell is active, with an emphasis on larger pads and well numbers.They appear to be testing the Utica at various locations in the county.
I do not know of any other active well sites in Tioga Co., but others in the area might be able to help here.
Shell is a quality E&P, probably the best one could have as a producer. Patience is the key, along with an increased takeaway capacity and an uptick in NG pricing. That will get things moving quicker.
I wish you well and hope they come your way in the near future....best of luck to you!!
thanks! will let you know if we hear anything re: renewing our lease.
Where are your rights located, township, etc.?
Any active well sites nearby? Do some homework, ask the neighbors....it could signal a trend to develop the area.
From recent history, the $1500 seems to be the current ceiling for offers for most of the players in Tioga Co..
The important part of the offer will be the addendum wording; gross at the wellhead, no deductions, right to audit, and of course, the royalty percentage....15% should be achievable, with 18-20% being the 'wish list' target.
Leases longer than 5 years with a 5 year renewal, e.g. a 10 year lease also appears to be a recent trend in lease offerings.