GoMarcellusShale.com2024-03-28T14:07:38ZBillhttps://gomarcellusshale.com/profile/Bill233https://storage.ning.com/topology/rest/1.0/file/get/35533355?profile=original&width=48&height=48&crop=1%3A1https://gomarcellusshale.com/group/butler_county/forum/topic/listForContributor?user=0f6cq8u1pvcol&feed=yes&xn_auth=noPenn energy production units exceed lease acreage limittag:gomarcellusshale.com,2019-12-15:2274639:Topic:8199962019-12-15T12:11:36.834ZBillhttps://gomarcellusshale.com/profile/Bill233
<p>I've searched this site for hours and can't find the answer to my question,so here it is: if my lease limits the acreage to 1280 acres,how can Penn energy production units exceed that to be 3,826.7 acres? Help with this one would be greatly appreciated.</p>
<p>I've searched this site for hours and can't find the answer to my question,so here it is: if my lease limits the acreage to 1280 acres,how can Penn energy production units exceed that to be 3,826.7 acres? Help with this one would be greatly appreciated.</p> Anybody ever hear of a company called Geo Petro llc??tag:gomarcellusshale.com,2019-07-23:2274639:Topic:8061222019-07-23T01:41:01.065ZBillhttps://gomarcellusshale.com/profile/Bill233
Anybody ever have any interactions with this company?? They acquired my well from Penn Energy
Anybody ever have any interactions with this company?? They acquired my well from Penn Energy XTO Butler County PA, Did everyone see a steep decline in royalties in June?tag:gomarcellusshale.com,2019-07-15:2274639:Topic:8048342019-07-15T02:16:34.886ZBillhttps://gomarcellusshale.com/profile/Bill233
<p>Just curious if it's across the county, mine was exceptionally less last month?</p>
<p>Just curious if it's across the county, mine was exceptionally less last month?</p> The landmen are comingtag:gomarcellusshale.com,2019-06-30:2274639:Topic:8038962019-06-30T15:12:56.307ZBillhttps://gomarcellusshale.com/profile/Bill233
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<p><span style="font-weight: 400;">What your you prefer 8% of 1000 dollars royalty or 12.5% of 1000 dollars royalty.</span></p>
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<p><span style="font-weight: 400;">Remember the landmen work for the company and their goal is not the goal of the landowner.</span></p>
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<p><span style="font-weight: 400;">With the bankruptcy of Edgemarc, other companies will be coming in to offer what they say is a take it or leave it deal for the right to lease underneath your property for…</span></p>
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<p><span style="font-weight: 400;">What your you prefer 8% of 1000 dollars royalty or 12.5% of 1000 dollars royalty.</span></p>
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<p><span style="font-weight: 400;">Remember the landmen work for the company and their goal is not the goal of the landowner.</span></p>
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<p><span style="font-weight: 400;">With the bankruptcy of Edgemarc, other companies will be coming in to offer what they say is a take it or leave it deal for the right to lease underneath your property for gas and or oil extraction. The offer will be in all likelihood be along the lines of 2 or 3 thousand per acre and 15% royalties downstream which means they can deduct transportation, marketing and other charges off of the 15%. The landowner could in all reality receive 7 or 8% after deductions.</span></p>
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<p><span style="font-weight: 400;">If the landowners would start talking to other landowners and ask for 12.5% royalty at wellhead then the landmen who work for the oil companies cannot say”take it or leave it” With the cracking plant coming on line in a few years the demand for the gas is going to increase dramatically.</span></p>
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<p><span style="font-weight: 400;">Pennsylvania and Texas are the two states with the most gas volume. In Pennsylvania, the building of the cracker plant in Monaca is being built because of access to the gas nearby. It is the same reason why a new cracker plant is being built in Belmont County, OH.</span></p>
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<p><span style="font-weight: 400;">While very few if any landowners hold enough property to be able to demand 12.5% royalty at the wellhead, if landowners would all demand 12.5% at wellhead and 2 or 3000 dollars per acre, then we would hold power as a group. </span></p>
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<p><span style="font-weight: 400;">If enough people are informed about and see the amount of monies that they would benefit then we should be talking to any and every person we know that holds mineral rights to their property.</span></p>
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<p><span style="font-weight: 400;">I am not a lawyer,but my first lease I negotiated the 12.5% at wellhead and 3000 dollars an acre on just 15 acres. The second time around I was offered 15% downstream with deductions and $2000.00 an acre from Edgemarc on a take or leave it basis since i had only 15 acres. Then they went belly up before signing of contract. </span></p>
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<p><span style="font-weight: 400;">The other problem with Edgemarc was they wanted you to sign document first. This is just another delaying tactic they use to push the monies owed to landowner out further.</span></p>
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<p>Please start the discussions with your friends and neighbors and feel free to post or send this to fellow landowners.</p> Edgemarc Bankruptcytag:gomarcellusshale.com,2019-05-21:2274639:Topic:7999362019-05-21T22:27:17.795ZBillhttps://gomarcellusshale.com/profile/Bill233
<p>With Edgemarc declaring bankruptcy combined with the request for extension of 120 days over and above the standard 120 workdays and 75 extension it is possible that Edgemarc will not be taking advantage . </p>
<p>IF they cannot fullfill their lease bonus agreements, the landowners if approached by anyone wanting to lease again hold out for 3000 per acre and 12.5% royalty at the wellhead. ETP would not be putting in 1.5 billion dollar infrastructure if there was not significant gas below…</p>
<p>With Edgemarc declaring bankruptcy combined with the request for extension of 120 days over and above the standard 120 workdays and 75 extension it is possible that Edgemarc will not be taking advantage . </p>
<p>IF they cannot fullfill their lease bonus agreements, the landowners if approached by anyone wanting to lease again hold out for 3000 per acre and 12.5% royalty at the wellhead. ETP would not be putting in 1.5 billion dollar infrastructure if there was not significant gas below the land. </p>
<p>The landmen employed by the different gas middlemen companies such as Edgemarc have a vested interest in getting the best possible agreement. Their statements that this is all you are going to get is for not if no one accepts it and holds out for an equitable 12.5% at wellhead and bonus payment of 2500 to 3000 dollars favoring the upside.</p>
<p>The 15% royalty with monies deducted could end up with the owner getting 50% of that (7.5%) instead of the 12.5%.</p>
<p>If we start spreading the word from landowner to landowner and don't accept first offers then the probability increases that we can receive a fair and equitable payment for what we own underneath our land. </p>
<p>My previous agreement was for 12.5% at wellhead and I had to ask for it.</p>
<p>Any comments please. </p>
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<p></p> Jefferson Township, Butler County CHRISTENSEN B UNIT 6H not producingtag:gomarcellusshale.com,2019-02-05:2274639:Topic:7924102019-02-05T14:35:59.849ZBillhttps://gomarcellusshale.com/profile/Bill233
<p>I apologize that I had asked this before but not in the correct county group and have no replies so I am asking in Butler County.</p>
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<p>I have property leased by XTO 6 years ago in Jefferson Township, Butler County The lease was renewed about a year ago, and the well was finally drilled. The Permit number 019-22694.</p>
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<p>I also have property leased to RE Gas in northern Butler County. In comparing the wells, RE leased ground and within 2 years it was drilled,…</p>
<p>I apologize that I had asked this before but not in the correct county group and have no replies so I am asking in Butler County.</p>
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<p>I have property leased by XTO 6 years ago in Jefferson Township, Butler County The lease was renewed about a year ago, and the well was finally drilled. The Permit number 019-22694.</p>
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<p>I also have property leased to RE Gas in northern Butler County. In comparing the wells, RE leased ground and within 2 years it was drilled, fracked, producing and paying royalties.</p>
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<p>XTO on the other hand under the above listed permit, finally drilled the well in November 2017 and fracked it in July of 2018.</p>
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<p>I've been checking the PA Oil and Gas reporting website periodically and found the well had it's production indicator changed to "producing" and the well produced only 2700 MCF in the Summer of 2018. Currently the has it's production indicator on the reporting website set to "NO" and it has a note saying "Well Temporarily not Producing"</p>
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<p>Does anyone know what "Temporarily not Producing" means. Is the well shut down? Will it ever produce?</p>
<p>How long can the operator keep it shut down?</p>
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<p>Is anyone else in this Jefferson Township unit heard anything? Anyone in Christensen B actually receive payments?</p> Anyone know where the "Croll" well pad is located at in center twp. Butler county Pa.?tag:gomarcellusshale.com,2018-09-19:2274639:Topic:7863202018-09-19T18:40:17.609ZBillhttps://gomarcellusshale.com/profile/Bill233
<p>There is a Rex permit applied for and I was wondering where the above well pad is at. Thanks in advance. Bob A. Also, as a side note Rex has applied to drill eight more wells from the Renick pad site. Most of the parcels have around 2200+ acres in them and I was wondering how they do that when the BCLG leases limit them to 1280 acres- anyone have an answer?</p>
<p>There is a Rex permit applied for and I was wondering where the above well pad is at. Thanks in advance. Bob A. Also, as a side note Rex has applied to drill eight more wells from the Renick pad site. Most of the parcels have around 2200+ acres in them and I was wondering how they do that when the BCLG leases limit them to 1280 acres- anyone have an answer?</p> New Rex Permits Despite Bankruptcy?tag:gomarcellusshale.com,2018-08-12:2274639:Topic:7842622018-08-12T20:17:59.939ZBillhttps://gomarcellusshale.com/profile/Bill233
<p>I saw through the DEP notification service, that rex is working on permits for two new wells. Reed in Slippery Rock Twp and Kellogg in Mercer Twp. Does that make sense to anybody?</p>
<p>I saw through the DEP notification service, that rex is working on permits for two new wells. Reed in Slippery Rock Twp and Kellogg in Mercer Twp. Does that make sense to anybody?</p> Deductionstag:gomarcellusshale.com,2018-07-23:2274639:Topic:7829722018-07-23T15:48:11.291ZBillhttps://gomarcellusshale.com/profile/Bill233
Land owners should stop signing leases that have deductions. Just google law suits in pa reguarding gas co deductions. Some people get no royalty’s
Land owners should stop signing leases that have deductions. Just google law suits in pa reguarding gas co deductions. Some people get no royalty’s BOP Land Services / EdgeMarc energytag:gomarcellusshale.com,2018-06-29:2274639:Topic:7814382018-06-29T19:05:14.594ZBillhttps://gomarcellusshale.com/profile/Bill233
<p>I received a letter from a landman representing BOP interested in discussing a lease on my land (60 acres in Fairview township).</p>
<p>I was in a lease with Chevron until last year when they decided not to renew the lease.</p>
<p>Has anyone had a lease with Edgemarc or dealings with BOP? Are the good to deal with and does anyone know what they are currently offering in the area for the per acre bonus and royalty?</p>
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<p>I received a letter from a landman representing BOP interested in discussing a lease on my land (60 acres in Fairview township).</p>
<p>I was in a lease with Chevron until last year when they decided not to renew the lease.</p>
<p>Has anyone had a lease with Edgemarc or dealings with BOP? Are the good to deal with and does anyone know what they are currently offering in the area for the per acre bonus and royalty?</p>
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