Lawrence County 2014

Another year is upon us and we are all starving for information pertaining to the "gas biz" in our county.

Hilcorp appears to be poised for an extremely busy year.

Shell seems to be dragging it's feet for some reason , even though the Cracker appears likely to become a reality.

Hopefully more infrastructure projects will become known as the year unfolds.

Please share any news with us you may uncover over the course of the year.

Good luck to us all and may 2014 be the year that puts us on the map!

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Replies to This Discussion

Permalink Reply by Rich on September 19, 2014 at 3:39pm
Thanks Jim. Here is one thing for sure! The best predictor of future is what has happened in the past! History always repeats itself.
Permalink Reply by Rich on September 19, 2014 at 3:50pm
Sorry forgot to add. competition does drive some things. BUT in this case supply and demand control prices. They know that and I know that! And you can't loss something you never had.
Thanks Rich
1s6j41o27wclhPermalink Reply by 1s6j41o27wclh on September 19, 2014 at 1:37am

We hear leasing will begin in Lawrence, Beaver, Mahoning, Trumbull.

Permalink Reply by elliemae82 on September 19, 2014 at 1:43am

Hey Kikko where are you hearing this? This sounds like an old RE stunt.

Permalink Reply by Trapper on September 19, 2014 at 1:58am
Do you smell a flipper? And I ain't talking dolphins......
Permalink Reply by Brad Wiley on September 21, 2014 at 3:31am

Just got our REX notification in the mail.....I will be interested when our lease expires in less than 2 years if they try to low ball us on re signing.

Permalink Reply by Trapper on September 21, 2014 at 4:14am
Do you have the renewal clause at same terms? I wouldn't be too worried if you do.
Permalink Reply by Chris Crawley on September 21, 2014 at 4:42am

Renewal clause won't help it they let the lease expire.

Permalink Reply by Trapper on September 21, 2014 at 5:19am
Good question for a lawyer I think. Rex mentions the fact that a portion of Shell's leasehold has extension language as a selling point though. I take this to be a good thing and hopeful this will be honored.
This would be a good question for Co-Exprise as it would adversely affect them as well. A good portion of Rex's purchase were originally Hilcorp leases negotiated by Co-Exprise and they have a stake in those royalties.
Permalink Reply by Brad Wiley on September 21, 2014 at 1:43pm

Mine was not Hilcorp, I think they have the right to negotiate, but I will have to look it over......

Permalink Reply by Chris Crawley on September 21, 2014 at 2:30pm
I'm thinking Rex probably doesn't have the money to renew all those leases from the original Mt Jackson group. Maybe 20000 acres. $3000 per acre that's $60 Million due in 2 yrs.
Permalink Reply by Trapper on September 21, 2014 at 2:54pm
Chris hopefully they get enough of us drilled by then that there won't be so many acres requiring extension. These next two years are going to be interesting,hopefully in a good way. It definitely looks like a daunting task though! All we can do is wait and see.

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