Replies to This Discussion

Permalink Reply by Philip Brutz on January 20, 2012 at 8:57am

That is the HICKENBOTTOM 1well.  I have attached a Google Earth map of the unit.  You will need Google Earth installed on you computer to view it.  You can click on the placemarkers to get links to the well documentation. If you take some photos I could add them to the map.

Attachments:

• HICKENBOTTOM 1.kmz, 2 KB

Permalink Reply by G. Chop on January 20, 2012 at 1:29pm

How soon until production data from this well is made available??

Permalink Reply by Philip Brutz on January 20, 2012 at 1:45pm

I think that it will 1 year from this March?

Permalink Reply by Finnbear on January 22, 2012 at 8:35am

I was in that area last Saturday when I went to Cabela's. I looked for the well site but missed it. What mile marker is it near on I-70?

Permalink Reply by KB on January 22, 2012 at 11:44am

It is located roughly between the morristown exit and St. Clairsville (maybe closer to st. clairsville).  No problem seeing it going East, but can be hard to see traveling west.  Definitely close to alot of the S-G acreage.  Sorry don't know the mile marker.  they just started the flare mid week or so.  It wasn't flaring when I went through on Tuesday either.

 

Permalink Reply by Finnbear on January 22, 2012 at 4:42pm

That's probably how I missed it. I came up SR9 from my cabin and went to Cabela's and then came back I-70 to 800 and into Barnesville. I was probably already past it when I got on 70 and missed it coming back west.

Permalink Reply by G. Chop on January 22, 2012 at 4:46pm

I believe it is just west of the Rt. 331 Flushing exit, on the south side of Rt. 70.  Same exit as the OU campus.

Permalink Reply by Inquisitive on January 31, 2012 at 2:23am

Mile marker 213

Permalink Reply by Mark Allen on February 2, 2012 at 3:48am

folks, make sure your neighbors are aware of the 2007 leases that are expiring.  Many folks will be able to start over with a brand new lease, DO NOT cash the delayed rental check until you have talked to someone in the know. Seek legal council, the renewal checks will accompany the letter. If you know someone who leased in 2007 tell them to stay alert,be prepared to negotiate.  JRM  

Permalink Reply by HMMMM! on February 5, 2012 at 5:01pm

Mark

How can you renegotiate when the company has an option in the lease to renew for 5 more years? Doesn't that mean it is thier option, i know that if you don't cash the check that doesn't mean the lease is invalid. So what are you referring to? I wouldn't let them put thier option in mine in 2006, but i read what was crossed out and don't see a way out for people who agreed to extension. Please explain!

Permalink Reply by Mark Allen on February 6, 2012 at 1:58am

Terms of the lease, do they have the right to renew or the option? One at a time review your terms,the current market value,the unitization clause,the assignment,the royalty percent,net vs. gross,water usage,storage rights,pipeline rights and others. What are they renewing? Terms or length ? Is it time to form a group just of those who will be up for renewal? Is it automatic,or is participation needed by the lessor,as in sign this or..".....what?

Permalink Reply by HMMMM! on February 6, 2012 at 2:08am

No, they are at companies option, there is no choice for landowner if they included a renewal! Type of leases you are talking about weren't offered back then, because it was early and they wanted to get you locked up for 10 years! I was either lucky or dumb, either way i didn't give them the option to renew. Not sure what forming a group would do, but good luck, the leases that were signed by my nieghbors and friends have no way around company option. You must remember these were basically one page leases that left most things you are questioning wide open.

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