What's going on with Middlesex Township in Butler County?

Is anyone in the group knowledgeable about current events, particularly near Overbrook Road?  What type of unitization is in process for what well?

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Replies to This Discussion

Permalink Reply by FairMktValue on January 1, 2014 at 3:27am

From a landowner perspective I don't believe anyone is the best!!!   LOL

It is perfectly logical from the O&G Co's perspective that landowners are no more than a necessary evil. Once the lease is signed minimum resources will be expended on landowners. The real only concern they have is from a PR standpoint and that only marginally. 

H & H has sent me a couple letters and a few phone calls - I never followed up - but did casually mention to the landman  that H &H had shown some interest.  I believe it is just a waiting game right now - see who blinks first.

I am not trying to be greedy - aint got enough ground for it to be "life changing" money. I believe my terms are reasonable and just want to get the best possible lease I can. After I sign it - it is the only thing that I will have to stand on. 

Cheers

.

Permalink Reply by Philip Thackray on January 1, 2014 at 3:37am

FMV,

"After I sign it - it is the only thing that I will have to stand on." - Amen!

Quite frankly I would consider a 12.5% solid "no deductions" lease especially if it is Rex.

As I have said before, "the best is the enemy of the good" (Voltaire I'm told).

Phil

Permalink Reply by FairMktValue on January 1, 2014 at 3:44am

 "the best is the enemy of the good" 

Point taken Phil - true enough.

Lets just say I may not insist on the "best" but would really like a "gooder" !  LOL

Permalink Reply by GM on January 1, 2014 at 4:04am

Was it the late Jim Ecker that said" any case can be won with enough time and money?

Permalink Reply by FairMktValue on January 1, 2014 at 4:38am

LOL Good one GM !!

Permalink Reply by RB on January 1, 2014 at 4:17am

Found this of interest on Division Orders and the possibility of it superseding the lease arrangement.

Reply by Philip Brutz on Sunday

Katie you may want read this thread about Division Orders before CHK asks you to sign one:

http://gomarcellusshale.com/forum/topics/royality-payments?commentI...

CHK seems to be using Division orders to alter the terms of your original lease. 

Permalink Reply by RB on January 1, 2014 at 4:21am

More information to ensure terms remain the same:

Permalink Reply by Anonymous on November 29, 2013 at 10:17am

I found this on Mineral Web.com.   Hopefully is it right

Division Orders Ensure Oil Companies Pay the Right People

Imagine the headaches and costs of improperly distributing a well’s revenue. It’s in everyone’s best interest to get this right. The Division Order is a document whereby the revenue distributor (either the Operator or the  1st Purchaser) and the recipient (the royalty owner) agree on the exact decimal interest (Net Revenue Interest or NRI) owned within a well, lease, production unit, or field-wide unit. A Division Order doesn’t alter the terms of the mineral lease. A Division Order that attempts to amend the terms of the lease is invalid to the extent of the attempted change. While the Division Order document can’t amend the lease, sometimes an operator will attempt through negotiation to amend the oil & gas lease at this stage or before revenue is distributed. Be sure you review in detail any other documents included or received around the same time.

The Division Order document will include:

  • Name of the oil & gas company
  • Legal description of the producing property
  • Type of interest – (e.g. royalty interest, mineral interest, or working interest)
  • Your decimal interest or net revenue interest, ie the NRI

You will provide:

  • Signature
  • Tax ID or Social Security Number
  • Address
  • Possibly direct deposit instructions
Permalink Reply by FairMktValue on February 7, 2014 at 9:21am

Ain't wasten no time on the Ferree pad , road and retention pond.

Started this week and are now digging like crazy.

If they fast track like they did the Kennedy they may be drilling by summer.

Have not seen any pipeline activity yet.

Permalink Reply by RB on February 7, 2014 at 2:41pm

I was told we'd be part of a unit that will be drilled 2nd quarter.  Wonder if that's it?  Or it may be the Middlesex one scheduled for 1st quarter this year.

Permalink Reply by FairMktValue on February 27, 2014 at 2:41pm

Ferree pad moving right along. Might even be almost done.  Not so much equipment movin around now.

May be working a small night shift.... lota lights and movement this evening.

Got all 6 permits posted.....maybe drill em all when they get a rig ???

Scuttlebutt on the Kennedy, reliable source, have not seen it myself....but I am gonna take a little ride and see what I can see.

Believe it has been fracked and the rig moved out.. where, don't know. I did see what looked like a crane setting up the flare pipe.

Not much truck traffic, just sand ect trucks from what I have heard. The curious thing is that the water is being piped from the West property out of Glade Mill Creek somewhere around the big bend in the creek there. 

Lotta water, Glade Mill aint that big? Maybe it is? Certainly need a permit for that. Never saw anything on that on enotice, but don't know who issues that type of permit.

Still gotta haul the waste water out....but certainly cut a lot of truck traffic out.

Rex is movin right along.

Cheers

Permalink Reply by RB on February 28, 2014 at 5:52am

So I wonder what is next for Mddlesex.  Thanks for the observation update, FMV.  I will let you know if learn of anything.

Permalink Reply by tas on February 28, 2014 at 12:21pm

were is this ferree pad located? does anyone have a unit layout.

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