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Comment by Jim Litwinowicz on April 19, 2012 at 4:30am

When Tracy first posted this I thought it odd she would have signed an "extension" after only 60 days when the lease states they have 90 days. I asked her for clarification and she told me that she signed a lease in Oct and then in Dec was told to sign another lease as the offer had gone up. This means that even though she had already signed a lease, she was given the opportunity to sign a better lease two months later, making several hundred dollars per acre more. 

How many times has that happened with a landman?

Comment by Lauren on April 19, 2012 at 4:05am

CX and M&P are moving into lease negotiations with multiple O&G companies. There are 3 meetings scheduled for next week if you want to learn more about the group - all land in Mercer County is welcome to join (that is not already under lease). 

Monday, April 23, 2012 at 6:30 p.m. Grove City Masonic Hall: 1340 West Main Street, Grove City, PA 16127

Tuesday, April 24, 2012 at 6:30 p.m. Stoneboro Volunteer Fire Company, 32 Linden Street, Stoneboro, PA 16153

Wednesday, April 25, 2012 at 6:30 p.m. Greenville Elks Lodge, #145, 28 S Mercer St, Greenville, PA 16125-2096

Comment by Lance Nimmo on April 17, 2012 at 5:32am

I signed directly with HilCorp through Western Land Services in December and was paid two weeks ago. I hope it's just a congestion dilema for you...

I do have one more lease pending with them due anytime, so I'm not out of the woods yet, best of luck!

Comment by p umpjack on April 16, 2012 at 11:23am

Landowner

Really disappointed about signing with M&P lawyers and Co-exprise!

• Posted by Tracy on April 16, 2012 at 3:02pm in General Shale Discussions
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I signed with M&P lawyers in Oct. of 2011. Signed for a 90 day extension in Jan. of 2012. These lawyers at that point joined back up with Co-exprise and increased their fee to $250 per acre. Supposed to be paid by Hilcorp by April 15th. Called M&P on Friday and was assured that a check would be here Monday. Now it's Monday, and of course, no check. Most of my neighbors that signed with Hilcorp on their own got paid. It's very frustrating!!!

 

ohhh and Elnathan-kittens and unicorns from now on 

Comment by Elnathan Cory on April 13, 2012 at 5:12am

Yes, they are shown above the well logs on the diagram. Nothing horizontal just a straight down hole to see what is down there. I hope they like what they saw!

Comment by petej on April 13, 2012 at 3:56am

I think the two red stars in Mercer County must have been test wells as the same two points are on some other maps (ODNR?) as black dots and indicated as such.

Comment by Elnathan Cory on April 13, 2012 at 1:51am

Comment by Elnathan Cory on April 13, 2012 at 1:50am

Comment by Elnathan Cory on April 13, 2012 at 1:34am

It looks like there is a 200 ft thick wet gas reservoir at the bottom of the 600 ft thick Utica shale which is about 6400 feet deep! Great info for us Mercer County people. 

Comment by Elnathan Cory on April 13, 2012 at 1:28am

Here is the link to the pdf. Please look at pages 23 and 24.

 

http://www.rangeresources.com/rangeresources/files/d7/d7377aac-b547...

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