Comment

Comment by Samuel J. Orr on November 21, 2014 at 12:35pm

The pipeline as proposed looks pretty environmentally friendly. That Halcon gets these permits is extremely important. They want to sell their acreage. If the Geology is bad, the presence or absence of a conveniently located pipeline is irrelevant. Good Geology with a nearby pipeline is substantially more valuable than Good Geology without any such pipeline. The pipeline should enable Halcon to sell its non-core  Utica acreage at a better price. A nearby pipeline should also enhance the likelihood that landowners in the area who have acreage that is not as yet leased, will in fact be offered leases when the pipeline is completed. I do not think Halcon has the financial ability to construct this pipeline. Permits to build it, if granted, are likely assignable. I would expect such permits to be acquired by whatever O&G company acquires Halcon's acreage that would be served by the pipeline. Again, this is all speculation on my part. 

Comment by JREwing on November 21, 2014 at 10:16am

Starting to pay folks for the row options they signed would be a sign that they really mean business.  I was also kind of wondering if they might just be testing the waters to see how much opposition they might get from the environmentalists.  Seems like every proposed pipeline project lately has become a Keystone XL.  I read this morning where people in the eastern part of the state are fighting the Atlantic Sunrise connecter because it's to pass through a lot of coal mine subsidence areas.  Our issue will be all of the wetlands this pipeline will disburb.

Comment by deer spotter on November 21, 2014 at 10:12am

JV partner Hilcorp, Chevron, or Williams?

Comment by deer spotter on November 21, 2014 at 10:01am

Also Halcon would have to build the previously permitted Allam 1H to NFG pipeline believe that project was appox. 10 miles that would make appox. 27.5 miles of build out. Big project 100 million for the pipeline another 100million for the stripper plant. Looked good this morning not sure now. Hope I'm wrong.

Comment by JREwing on November 21, 2014 at 9:50am

JohnL, yes, you're right.  The Pilgram well is only another mile or so past the end/beginning point of the pipeline.  My guess is that they will install a smaller line from the Pilgram to the end point at the Colpetzer farm.  The rumors were that the Colpetzer farm was to be a processing center to separate liquids from the methane.  The land they aquired next to the NFG pump station in Venango was to be another.

deer spotter, that's what I read also.  My guess is that several wells will feed into that pipeline at some point.  Hilcorp has some permits very close also on the east side of Sandy Lake.

But, like I've learned to say about this business, I'll believe it when I see it.

Comment by deer spotter on November 21, 2014 at 9:29am

Looks like the gas is going to flow east and end up in the Henderson pump sta.

Comment by JohnL on November 21, 2014 at 9:21am

JR - how do you read the map? Looks to me that the pipeline ends/begins at the Colpetzer farm on Route 19 just south of Laver Rd. How does the pilgrim we'll figure into this?

Comment by Bob Rock on November 21, 2014 at 8:35am

Try this link for the map   Thanks JREwing

http://www.lrp.usace.army.mil/Portals/72/docs/regulatory/2014%20Pub...

Comment by JREwing on November 21, 2014 at 6:34am

Halcon Allam to Pilgram pipeline notice from the Army Corps of Engineers.  Copy and paste the highlighted link for the maps.  One of my contacts who has land in the pipeline's row brought this in for me.  Interesting that the gas is to flow eastwardly through the pipeline       

Halcon%20Pipeline%20Notice.pdf

Comment by Samuel J. Orr on November 21, 2014 at 5:43am

JR: Thanks for the correction. I did mean "western VenangoCounty" and not "eastern Venango County" in my previous post.  I can blame my error on having had a "senile moment" but you are too young to avail yourself of that excuse. for your error. 

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