Replies to This Discussion

Permalink Reply by daniel cohen on December 15, 2009 at 5:18am

Matt, is this along the road to Claverack Electric?
Thanks, Dan

Permalink Reply by Frank Walker on December 15, 2009 at 12:21pm

I'm not sure they are permitting wells, yet, over as far as the county line. They are actively permitting wells only a few miles east of you, just a bit south of Coryland. Coryland is not on the county line, but it is not all that far to the east, either.

Now as far as actual drilling, I am not aware it has begun. I expect it to commence soon, however. Very soon. They are laid out on a pattern of 640 acre drilling units. 640 acres is one square mile. I expect their game to be strictly HBP (hold by production). I don't expect them to finish the wells now. They will come back later and do that. If you're counting on substantial royalty income any time soon, do not hold your breath. And don't spend the money until you have it. You will eventually receive the money, the royalties I mean. It just might not be very soon. They have too much drilling to do. And without a pipeline, also currently non-existent in this region, there can be no production. The money will come. But only in the fullness of time.