Comment

Comment by Al Cramblett on February 26, 2018 at 12:20pm

I know everyone would like to know the value of royalty payments being received. I will provide my number for wet gas wells in North township for the month of January, 2018.  These wells have been in production for 5 years.  My royalty payment is approximately $15.00 per acre in the drilling unit per 1% of royalty ownership.  Thus, if I owned 100 acres and was receiving  20% royalty, my January 2018 royalty check would have been approximately $30,000.

Comment by Al Cramblett on February 24, 2018 at 11:00am

Shower Bath, Thanks for the Gulfport update.

Comment by Shower Bath on February 24, 2018 at 7:21am

With the link below, click on News at the top of the page to see the info and presentation.

Comment by Shower Bath on February 24, 2018 at 7:16am

The attached link will take you to Gulfport's Q4 and 2017 results along with their latest slide presentation. They are planning to run only two rigs in the play in 2018, and they will be in the eastern dry gas window. Don't look for them to be back to Harrison County for some time, as they are only drilling dry gas wells.  https://www.gulfportenergy.com/news/presentation

Comment by Shower Bath on February 6, 2018 at 11:52am

The northern half of Harrison County is dominated by Chesapeake operations. Although their drilling has slowed to a standstill, they are still completing their DUCS and placing them in sales. They are also still pulling new permits for future wells. Today they released their 4th qtr. production press release.

https://seekingalpha.com/pr/17067287-chesapeake-energy-corporation-...

Comment by Peter Schueler on February 4, 2018 at 11:12am

Shower Bath ,Thanks for the Eclipse presentation. They are clearly a sharp group willing to push the technology frontier, focus on high potential areas and employ creative transportation, processing and marketing methods. They have one township in Harrison County (Stock) with more than 2000 leased acres per page 54 of the presentation. I don't know how well they pay their royalties but I haven't seen many negative postings. They do play hardball with lease terms according to some forum comments I've seen.

One thing that caught my attention was on page 15 of the presentation, valuation of their leased acreage assuming a 30% IRR. This valuation runs from $8,000 (wet) to 15,000(dry) per acre for a 10,000 foot lateral based on current O&G prices. They're trying to convince investors  to buy their stock because it's only valued at only about $5500 by the market. This is good negotiating information for landowners when talking signing bonus.

Comment by Shower Bath on February 3, 2018 at 9:09am

If you are leased by Eclipse, or in one of their drilling units, you may find this presentation interesting.

https://seekingalpha.com/article/4142262-eclipse-resources-ecr-inve...

Comment by stevo on February 2, 2018 at 7:07am

Was wodering if anybody had any information on the Hartley well off 151 near Amos road? I had heard they are waiting for the pipeline to get to them before fracking. 

Comment by Shower Bath on January 30, 2018 at 6:13am

Today, Gulfport posted their 4th qtr. releases and latest corporate presentation. Their Utica focus remains in the Dry Gas southern counties for 2018.

https://www.gulfportenergy.com/news/press-releases/detail/1324/gulf...

Comment by Shower Bath on January 27, 2018 at 2:11pm

Thanks Al. I'll resume posting relevant articles when  I see them. My personal guess is that Brent will hit $75 before pausing and WTI will pause at $70, but Brent could reach $80 by the end of the year. Maybe more importantly the amount of gas in storage is going to end the season at very low levels, which might support $4 MCF for nat. gas. Here's hoping that the royalties keep rising for all of us.

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