Target formation list on DEP, interesting read, at least for me

I wish Keith would take away the ability here in the Beaver County area to post a new discussion in the general area. Twice I've posted to the wrong place.... maybe it is just me. 

Anyhow, here is the post incase you don't check out the general forum.

I just noticed this on the DEP site, maybe I've been missing it all along or it is new. If you haven't been there it is worth looking at for the giggles of it. Utica is listed the most, but others surprised me a bit.

Going here:   http://www.depreportingservices.state.pa.us/ReportServer/Pages/Repo...

will let you select criteria for viewing the target formations of all wells reported, even those not drilled it appears. I don't know if the list is complete, but it appears that way.

The list of target formations so far in Beaver County reads like this:  Utica, Marcellus, Trenton Limestone, Rhinestreet, Onondaga, and last but not least Point Pleasant. 

Very interesting!  I knew they had a few formations to explore/produce and this solidifies the thought.

Now if we only knew what they think is down there in those other formations we would be golden : )

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Replies to This Discussion

Permalink Reply by Brad on August 21, 2014 at 3:08pm
They would have to add another zero to the end of their offer for me to even consider.420,000 was their offer for sale of mineral rights .
Permalink Reply by Todd on August 21, 2014 at 3:12pm
Anyone like the sought after info I posted? Waiting for feedback.

Thanks, Todd
Permalink Reply by Brad on August 21, 2014 at 3:32pm
Todd, yes and thank you for your efforts and knowledge of keeping us all well informed of what is beneath us. Also all the other good advice you give to us all. Thank you and God Bless.
Permalink Reply by Todd on August 21, 2014 at 4:01pm
Brad,

It's my pleasure to try to help good people. I'm trying to keep everyone more well informed so that we all understand the magnitude of opportunity. I want to see our families benefit to the maximum possible extent so that we landowners are good business partners with the producers. Certainly, the more we know, the more we can make well informed decisions when the need arises.

If someone needs to sell their minerals, always make sure several investors compete against each other to buy. Wall street is buying our minerals and trading the commidity that is oil and gas. *Never sell to a bottom feeder flipping company who buys low from our community and then immediately sells to the folks with the real money - investors.

God Bless,

Todd
Permalink Reply by Rich on August 22, 2014 at 6:37am
Hey guys! I looked property a few yrs back in the eagle ford shale play and I remember seeing a nice house an 12 acres going for 1,000,000.00! I think to get a good idea of value is to look at other shale play areas an go from there.
Permalink Reply by Todd on August 22, 2014 at 6:48am

$2825 per acre SOLD!  I am interested to see if it is sold again in the very near future.  They must have sold to the first buyer that came along - most likely solicited.  There are mineral brokers that work with attorneys or are attorneys in the area who are selling mineral rights at around $9 to $10,000 per acre last time I checked in the spring. 

Who bought it by the way?  Was is a mineral "company"?

Permalink Reply by industry resident on August 22, 2014 at 7:54am

appalachian energy corporation and merrion oil and gas corporation . the first company out of pittsburgh the second from new mexico - I know it is drilled and in a unit because my friend was interested in the property about a half a year ago - he changed his mind when he found out they were selling the oil and gas rights separate -  With all the respect to the seller he is older and in failing health . Still I think he got took -

Permalink Reply by Todd on August 22, 2014 at 9:15am

I'm sure the money will be put to good use.  It could have been much worse and has been for several people.  At least he still owns the surface.  But he certainly could have gotten 3 to 4 times that amount.

I remember a few years ago when a mineral buyer sent me a letter to buy my minerals for $1000 per acre...  Hancock County next to SW Hanover TWP, BC.

Permalink Reply by Todd on August 21, 2014 at 5:23am
http://media.corporate-ir.net/media_files/IROL/80/80547/presentatio...

Here we go! Couldn't get this file to upload so finally found the link!

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