There seem to be a change in the XTO lease offering, 3 years at 5k deal offered to the Belmont County Board of Commissioners. Has any one seen a three year deal offered in the past year in Belmont?

http://www.news-register.net/page/content.detail/id/565606/Commissi...

 

 

 

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Interesting note here. No leases filed for Belmont County. And for the last Few weeks there has been an explosion of leases filed in Marshall WV. The update below was publisged by Apollo Mapping 2/10/12.

I think we share geology with the other side of the river. What are they looking for?

www.apollomapping.com  

Weekly Product Updates

County

State

# of Leases

Marshall

WV

2077

Tioga

NY

935

Marion

WV

597

Tyler

WV

464

Greene

PA

276

Preston

WV

241

Wetzel

WV

218

Indiana

PA

116

Susquehanna

PA

110

Marion

OH

103

Washington

PA

92

Schoharie

NY

89

Lawrence

PA

82

Venango

PA

38

Columbiana

OH

31

Warren

PA

27

Miami

OH

20

Sullivan

PA

19

Muskingum

OH

8

Fairfield

OH

6

Wyandot

OH

6

Morrow

OH

4

Hardin

OH

1

Jefferson

PA

1

--


 

 

This is from the Gastar website, maybe this is more liquids than was thought from the Marcellus?

 

 Acreage in Marshall and Wetzel counties in West Virginia is the current focus of our activities and capital budget, with 95 well locations identified for near-term drilling. The first two wells put on sales in the third quarter of 2011 - the Wengerd 1H and 7H - had very strong initial production, with a combined 30-day average gross sales rate of 7.1 MMcf/d of natural gas with 176 barrels of condensate and 347 barrels of NGLs

http://www.gastar.com/globaloperations.cfm?pagesect=AppalachianBasin

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