Comment

Comment by Shower Bath on August 16, 2011 at 5:37am

A site with Utica Shale info. Explore the entire site for some interesting points.

http://shale.typepad.com/utica_shale/

Randy

Comment by Shower Bath on August 15, 2011 at 4:51am

I came accross this article today and the headline caught my eye. Keep in mind that they begin by talking about the Utica Play in Eastern PA,  which is in the dry gas zone. There are a couple of nuggets about the Ohio wet zone play.

http://www.altoonamirror.com/page/content.detail/id/552711.html

Randy

Comment by Shower Bath on August 14, 2011 at 10:06am

A little article from the paper. We'll see if the link work.

http://www.tribtoday.com/page/content.detail/id/560401/Digging-for-...

If it only opens the Trib, go to the Business page and look for story on Jobs in Utica Shale.

Randy

Comment by Shower Bath on August 12, 2011 at 5:43am

Dan, thanks for the assist. I think the royalty %, being Gross, and then having the addendums to protect the Gross are the most important lease items.

Since Chesapeake CEO compared the Utica Play so favorably with the Eagle Ford Shale play, I thought landowners might benefit by following developments there. Bonus amounts have reached big numbers, royalties at 25%, and 3 year leases with no extensions. See the link below (if it works,lol)

http://www.eaglefordshale.com

Randy

Comment by Dan on August 12, 2011 at 2:38am

Randy, I still couldn't link to it.  I found it though, and this link should work:

Chesapeake Energy slashing royalty checks of about 75 percent of Ba...

 

I assume this is the net vs. gross royalty issue we always talk about, otherwise known as market enhancement, and that the wording found in the better leases, such as the ALOV or KWGD leases, or any lease that has a solid "market enhancement clause" addendum would prevent this from happening.

Comment by Shower Bath on August 12, 2011 at 2:13am

This is the long version of the link, let's see if it works. Randy

 

http://blogs.star-telegram.com/barnett_shale/2011/08/chesapeake-ene...

Comment by Shower Bath on August 12, 2011 at 2:03am

The link below was copied from the Tioga PA site on the Main Site. Not sure why it does't work here.

 

Randy

Comment by Shower Bath on August 12, 2011 at 2:00am

Just saw this thread on theTioga PA site and thought all should be made aware. "Approximately 20,000 royalty owners who have Barnett Shale natural gas leases with Chesapeake Energy likely will see their royalty checks decline by roughly 25% as a result of the company deducting expenses associated with post-production costs such as gas gathering, compression and transportation...

The approximately 25% of royalty owners who won't see their monthly checks affected are those who have lease provisions precluding assesments for the post production costs, Hood (Chesapeake spokesman said."

http://blogs.star-telegram.com/barnett_shale/2011/08/chesapeake-ene...

Randy

Comment by Shower Bath on August 11, 2011 at 12:07pm

Dan, I attended the KWGD Goup 5 meeting in Cambridge Tue. night along with approx. 200 other landowners from Harrison and neighboring counties. The information was presented in a professional and truthful manner. After seeing their presentation and seeing their proposed lease, I've decided to sign on with them. Their landowner protections were the best I've seen, and I liked their gross royalty addendums. There are some provisions that are O&G friendly  which I'm sure is meant to make the lease more marketable. There is a closed meeting scheduled for the 24th of August to go over the lease and vote on the provisions. After which they will offer the lease to about 60 O&G companies for bid. They expect to have the lease signing approx. two or three weeks later. I will decide whether to sign the lease after reviewing the final verbiage, royalty, bonus, etc. If any Harrison Co. landowners want to join the group, they must do so before the meeting on the 24th. They already have over 10,000 acres in the group and think the total will be over15,000 acres when finished. This may be one of the last chances to join a larger group since so many are already leased.

Randy

Comment by Dan on August 10, 2011 at 3:57am

Al, I understand what you are saying about whether a large landowner should join a landowner group or make their own deal directly. I assume you are suggesting that you might be able to get a higher compensation, especially a higher royalty, negotiating directly. However do you know of any large landowners who have been able to negotiate directly for a lease document like some of the best landowner groups are offering?

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