Replies to This Discussion

Permalink Reply by M - on August 1, 2013 at 11:17am

Thanks.... We are on the border so Senica is still in the game also.

Permalink Reply by Gringo on August 1, 2013 at 1:42pm

After listening to the conference call for Shells 2nd Q results, I get the feeling we are possibly on the chopping block. The analysts tried to pin them down on what acreage, but to no avail. 2.1 billion dollar write down on North American shale assets, wonder if East has land in Florida for sale.

Permalink Reply by paleface on August 1, 2013 at 3:27pm

 Shell is busy in Little Marsh.

Permalink Reply by Ann Ticopa on August 1, 2013 at 6:25pm

Yes, but Shell specified their <b>wet</b> gas assets as the primary disappointment.  Which rules out Tioga County.  They could be referring to their interests in the Gulf area, or British Columbia, or Western PA, or ? 

Permalink Reply by paleface on August 1, 2013 at 9:36pm

 There supposedly bringing a big rig from the Pittsburg area should be here Monday to drill the Neal pad.It is interesting there bringing rigs from western PA to Tioga county.Maybe the Utica was here all along and they didn't have to leave?

Permalink Reply by Ann Ticopa on August 2, 2013 at 12:44am

The DEP Formation Report for TC has multiple entries for Neal D 815 1V 117-21530.  Two say it's Black River Limestone and two say Trenton Limestone.  The most recent permit was to drill deeper, issued 7/1/2013.  Also in Chatham Twp is Watkins 820 117-21652, listed as a Trenton Limestone well.  That permit was applied for 7/23/2013. 

I don't know who ended up with the 2000 vintage Phillips T/BR leases - or if it's relevant - but the copy I have specified unitization (only) for Onondaga , Oriskany, or deeper. 

If you generate the Formation Report for SWEPI, you'll find that they do drill Utica wells ... but only one in TC. 

Permalink Reply by paleface on August 2, 2013 at 5:26am

 They drill a TBR well than they drill a Utica,that seems to be the system so far.Gee's well was drilled total 14990.00,the Neal well is targeted for 18200.00.If Neal and Watkins works out like the Gee well they will revisit most of the well pads in the area and drill a TBR/UTICA.Thats my understanding of what there doing so far. 

Permalink Reply by paleface on August 3, 2013 at 4:56pm

 Jim what well pad is closest to him?

Permalink Reply by paleface on August 4, 2013 at 1:57pm

 Jim I think Shell wants to have people signed before anymore TBR/Utica wells hit in the area.

Permalink Reply by Darrell Weaver on September 2, 2013 at 11:45pm

What happens to a auto renew lease and shell does not pay the bonus at the end of the primary term..........

Can shell still be on the hook for the first lease with no deduction clause...........or do you think they will give you a surrender letter without asking 4 it............????

 

Will they try to resign with a deduction clause lease with a lower royality.............???

Permalink Reply by Ann Ticopa on September 3, 2013 at 12:40am

Darrell: According to a recent quote of a Shell rep, the ERI leases they bought did allow for deduction of post-production costs. And, they had started doing that this year. So, unless you had an addendum prohibiting it, you might want to check.
Don't know first hand, but am guessing they would want to increase pool size to 1,280 in a renewal.

Permalink Reply by Darrell Weaver on September 4, 2013 at 5:06pm

I have a no deduction clause in addendum......I hope they drill prior to 10/14......I like my current lease

 

Also heard thru grapevine Shell is talking to BP

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