Replies to This Discussion

Permalink Reply by Todd on November 16, 2013 at 4:16pm

I believe you are at least in the wet gas area for the UD shale as CHK has 8 permits for UD Rhinestreet wells surrounding you, including one Rhinestreet well right there in Hookstown that is permitted.  There's not a huge difference with having wet (rich) and super-rich from what I can tell.  Main thing is volume (hydrocarbons/gas in place). 

You are definitely in the middle of the prolific dry gas Utica, according to RRC and CHK for that matter.  

Here's a good article about the value per acre according to Credit Suisse:

http://www.observer-reporter.com/article/20131114/NEWS0801/13111963...

Permalink Reply by Nancy LeNau on November 17, 2013 at 2:48pm

Todd, Thank you so very much for all the help and time you have given to me.  (p.s....I did delete my address )  This last link was a very big help for me to understand.  Thank you and God Bless, Nancy

Permalink Reply by Trapper on November 16, 2013 at 4:20pm

Is it any wonder sharks want to give you a few grand per acre to buy your mineral rights?

Permalink Reply by Jason on November 16, 2013 at 4:35pm

No one should take less than $7,000 an acre for a lease! It should start there and go up.
Friends just signed for that much down in SE Washington county pa.
People up this way are still accepting $2k. It's still very early.

Permalink Reply by George Roberts on November 19, 2013 at 9:37am

The 40,000,000 per well figure, does it matter how many well heads are on the pad.

 

Permalink Reply by Todd on December 15, 2013 at 11:37am

George, that is for one well.

http://seekingalpha.com/article/1886651-cabot-oil-and-gas-marcellus...

"As a dry gas producer, Cabot remains in a class of its own. Assuming a step up in EURs and using Cabot's updated well cost guidance, the company's drilling returns in Susquehanna will likely be in the 150%-200% range at the well level, assuming $4/MMBtu Nymex and barring a widening of Marcellus basis differentials. These returns would compete with leading-edge returns achieved by best operators in top oil plays. By comparison, EOG Resources (EOG) has recently indicated drilling returns in the 100% range in the western Eagle Ford and the Bakken and returns as high as 200% in the eastern Eagle Ford, which are the best in EOG's portfolio."

Beaver County's dry gas Utica GIP is similar to NE Marcellus GIP in Bradford and Susquehanna Counties. 

Permalink Reply by Todd on December 17, 2013 at 7:00am

http://files.shareholder.com/downloads/GPOR/2836547161x0x661649/425...

See Page 11 to view TOC, thickness and sweet spot for Point Pleasant.

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