Replies to This Discussion

Permalink Reply by Bluejack Farms on October 31, 2014 at 3:16am

No drilling yet. Still pickin corn.

Permalink Reply by James Vanderink on November 3, 2014 at 2:12pm

Gotta watch drilling next to the Harstine core.



http://apps.ohiodnr.gov/mineral/oil/MRMImages/1/52/317529.pdf

Permalink Reply by Dexter Green on November 3, 2014 at 5:22pm

Wow, production casing cemented all the way down to 4,250'.  That's gonna be an expensive well.

Permalink Reply by James Vanderink on November 4, 2014 at 4:34am

A lot has happened out there in the past few years and a lot of data now. Dexter, maybe they can run a line to the swiw to help defer the cost of the cement.

Permalink Reply by Bluejack Farms on November 4, 2014 at 10:36am

It has certainly been a roller coaster here.

Dexters advice to Artex lease holders:

n July 23, 2014 at 11:11pm
"I've seen this seismic contract/option to lease. Artex isn't stupid. They're not going to pay for a lease if the seismic shows a property isn't promising. They also want to get the data and then avoid going through negotiations because, as is obvious, if they shoot seismic then try to lease you it means they found something and the landowner has immediate leverage. They're looking to avoid that entirely. They're also trying to keep any competition far, far away, by getting people locked down before word of good seismic data can spread. It's a really good strategy for them. Not so much for the landowner. I'd tell them they can shoot all the seismic they want but the lease has to be a separate negotiation. That way you get a lease only if your land shows what they are hoping it shows, which is exactly where you'd be if you signed the seismic/lease option, only in this scenario you have a little bargaining power."

I know one of the landowners with a permitted Artex well. He has a Clinton well but his lease only covered from the surface to the base of the Clinton. Knox had to come to him in August 2014(after the shoot) and lease from the Clinton down. I hope he got PAID!!!! Thanks Dexter, hopefully other will follow your advice. Too late for me..... they got me from the surface to China. Btw, he also separated his Utica/Pp in August 2014. I guess you do that when you have a permitted Utica/Pp bordering your property.

Permalink Reply by Upstream1974 on November 6, 2014 at 3:05am

The dirty little secret.

http://apps.ohiodnr.gov/mineral/oil/MRMImages/18/6/297966.pdf

Permalink Reply by Dexter Green on November 6, 2014 at 3:56am

If I drilled a well with an IP of 20 MCF I'd be ashamed of it too.

Permalink Reply by James Vanderink on November 10, 2014 at 10:57am

Explain further upstream.

Permalink Reply by Bluejack Farms on November 21, 2014 at 12:26am

Rig Up on Devore rd.

Permalink Reply by James Vanderink on November 21, 2014 at 2:14pm

Just drove by earlier BlueJack. I'm here for a week. I would like to meet you.

Permalink Reply by Bluejack Farms on January 7, 2015 at 12:38am

I think it's the Artex/Knox well off Evans Road.

http://www.cnbc.com/id/102272218