Rumors & Tidbits for Guernsey County

Some true,some hearsay...Aubrey is looking for a site to build his regional office with a Cambridge address.  Aep Utica is looking to drill a well behind the General store in Old Washington,early feb.   .AEP is drilling now in Harrison co. Rice will be moving their big rig from Belmont co. to daddy Shugerts well in Old Washington,soon. Bluegrass Pipeline coming thru the county this year. Compressor  station for Antero's well below Senecaville is ready to fire up any day.  Gulfport is sending rigs to Guernsey soon. EQT is wanting to drill 21 new wells in Guernsey this year. Carrizo has 2 pads built,ready to roll. Cheasapeake,all of a  sudden,likes Guernsey,better than Carroll. The company wanting to build an apartment complex at the I-77/Rt.22 site has agreed to help finance a sewer plant needed at that site& Coventry Estates. Motel to be built across from Pilot on the hill almost ready to roll. Some landowners near Quaker City are getting offers of $13,400. per acre to sell their Mineral rights.  Any other tidbits are welcome. You hear things from credible sources that may not even be true,but you be the judge.

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Replies to This Discussion

Permalink Reply by sherry on April 25, 2018 at 3:33am

If they would go bankrupt, how would that affect eveyones royalty checks?  

Permalink Reply by arminius on April 25, 2018 at 7:56am

It would depend upon what type of bankruptcy protection was sought.  Unless the wells become shut-in, the company and/or the court appointed receiver, would be obligated to pay royalties or risk forfeiture of the leases. Even in the event of a shut-in of the welsl, many of the leases have clauses protecting how long a well may be shut-in before risking forfeiture of said lease.  However, I don't think Eclipse is in risk of seeking bankruptcy protection.  With the rise in oil prices, the company feels that company is worth more than the value Wall Street is placing on their stock price.  There is new money entering the oil patch and Eclipse would like to channel some of that money to themselves and their shareholders.  Just this past month, PDC closed a deal selling all of their Utica holdings to a recently created LLC called Utica Resource Ventures.  Utica Resource Ventures is headquartered in Houston, TX with a local office in Marietta.  They do not appear to be related to any of the current explorers working in Guernsey County.  Let us hope they have plans to aggressively develop the remainder of PDC's properties.

Permalink Reply by bo boboski on November 27, 2018 at 8:59am

Utica Resources Dynamite well being drill along Rt. 265 between Lore City and Salesville. drilling 15,000 ft. n.ne. up to the old county home.462 acre unit with 2 wells.

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Permalink Reply by sherry on November 27, 2018 at 2:11pm

I saw a oilfield worker died on a Oxford rd well.  A pipe rolled on top of him. I bet this is the well it happened at. 

Permalink Reply by bo boboski on November 28, 2018 at 8:35am

That sounds like one of Eclipse's well sites.

Permalink Reply by bo boboski on November 28, 2018 at 8:58am

looks like it was east of 513. so it could be an ascent wellsite, or Gulfport. Maybe it wasn't a wellsite, but a pipeline accident? very little details in news.

Permalink Reply by skittles on November 28, 2018 at 9:08am
It was the Fineran pad. West of 513, between Rosedale rd and Carlisle rd. I know this because it's my husband's, cousins land.
Permalink Reply by bo boboski on November 28, 2018 at 9:30am

that's eclipse. they just got permitted to drill more wells there.

Permalink Reply by skittles on November 28, 2018 at 12:25pm
They are working down there. Are they going north west under interstate or do you know? That was a big hold up a few years ago.
Permalink Reply by bo boboski on November 28, 2018 at 3:46pm

South,SE down by the Fritz pad.

Permalink Reply by skittles on November 28, 2018 at 3:55pm
Oh, ok. Thanks for the info
Permalink Reply by Adam Galbreath on December 3, 2018 at 5:52am

I have some land in east Madison Twp that I leased to Eclipse.  Anybody heard of plans to drill in that area in the next 6-12 months?  

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