Comment

Comment by WTF on March 4, 2015 at 9:05am

Crude Oil to drop to $20/Barrel ??   Good article in today's Sharon Herald (page 7). Some experts predict Crude could drop to $20 a barrel due to the fact US production and imports are storing a million barrels a day more than we can consume. US supplies are at their highest point in at least 80 years. Storage tanks are filling up fast. 

     I don't think this good for Mercer county drilling if their predictions are true. We could see drilling come to an abrupt halt.

Comment by NorthRidge on March 4, 2015 at 5:52am

Just got word they withdrawn the permits for the Novick pad in Stoneboro..

Comment by JohnL on March 4, 2015 at 3:10am

Don't be surprised if Hilcorp allows the leases to expire only to come back at a later date and quietly re-lease areas that they are still interested in drilling at a lower bonus/percent. Rumor has it that Chevron and Hilcorp are working together which means they will only need to fill in leases they need.

Comment by Elnathan Cory on March 3, 2015 at 4:00pm

Chances of being resigned are growing slimmmer by the day! The Saudis are deliberately destroying the shale gas/oil business in this country.

Comment by RKB on March 3, 2015 at 11:06am

I heard the Anderson site is on hold till at least 2018 so looks like what you see is what we have for a few years.

Comment by Tracy on March 3, 2015 at 8:12am

Anybody care to speculate about the chance of being resigned in Mercer County by Hilcorp if the 5 yr. lease agreement expires, and you are not held by production.

Comment by RKB on February 27, 2015 at 3:18am

Its been a rough winter for the guys working out on the drilling rigs here .

Comment by Elnathan Cory on February 19, 2015 at 3:28pm

Yes, Keep up the good work on what is going on in Mercer County.

Comment by JREwing on February 19, 2015 at 7:20am

I'm glad you fellows are keeping the fire burning in here, cause I got nothing except Swepi just applied to re-up the permit for the Mills pad.  That's the one at the SE corner of Rts 19 and 358 (right behind my plant).

Comment by JohnL on February 18, 2015 at 3:27pm

WTF- small sigh of relief on the McGhee wells.

Did any of you take a look at the latest DEP reports? I guess I was expecting to see the James well reported but it wasn't. I know that royalties have been paid out so I was surprised when nothing was reported.

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