Replies to This Discussion

Permalink Reply by Veronica English on March 7, 2011 at 1:11pm

For startes according to the DEP web site MDS does not have any permits for Marcellus. If you follow any of the feeds you will quickly learn that they are strictly an aquisition co. For the most part MDS seems to run with Snyder Bros, Markham, Knapp, 1st Energy, all of which are in the business of accquiring land offering "leases" which in reality are an option of which if you very carefully read it starts as 5yr with an "automatic 5yr"renewal. They will say they only write for 5yrs, they just forget about the automatic renewal. Please be very weary of these. I've been called after the signing wanting to know my thoughts, only to see there is nothing that can be done.

Permalink Reply by Mike Knapp on March 8, 2011 at 7:44am

Guy,

 

The owner of MDS Energy ( www.mdsenergy.net ) is Michael Snyder.  He also owns a sister company called First Class Energy ( www.firstclassenergy.net) , which runs 2 drill rigs, 2 service rigs, and many dozers and excavators.  Started in 2005 here in Kittanning (our hometown).  MDS is NOT an acquisitions company.   MDS is a production company.  They have drilled over 100 wells, including multiple Marcellus Shale wells.  Please disregard the peanut gallery.   Here is a link to the DEP website that clearly shows that MDS Energy drilled 21 shallow wells and 2 Marcellus wells in 2010. 

http://www.dep.state.pa.us/dep/deputate/minres/oilgas/2010%20Wells%...

 

Snyder Brothers is one of the largest drillers/operators in Western Pennsylvania.  They have over 4,000 wells.  They are not an acquisitions company.  

 

Knapp Acquisitions & Production ( www.knappAP.com ) is a land leasing company that secures leases on behalf of MDS Energy.

 

Snyder, MDS, Knapp, and multiple other companies were leasing last year to include properties in a sale of some of our own acreage.  We only did this for about 6 months. We have since stopped pursuing leases to go into that deal and are back to securing leases which we intend to drill ourselves. 

 

If there's any other information I can help you with, please feel free to contact me. 

Thanks

 

Mike Knapp

President

Knapp Acquisitions & Production

 

Permalink Reply by matthew h mcsparren on March 8, 2011 at 2:29pm

How many of MDS multiple shale wells have been vertical and how many have been horizonal?

Permalink Reply by Mike Knapp on March 9, 2011 at 3:52am

MDS only drills vertical wells at this time.