Replies to This Discussion

Permalink Reply by TG7891 on December 30, 2010 at 3:24am

Bob,

we are in the same situation as you and have heard nothing. Who are you signed with and what area of Susq are you located?

TG

Permalink Reply by Bob on December 30, 2010 at 3:54am

We are signed with Southwest.....We are Auburn Four Corners, close to the Elk Lake School

Permalink Reply by TG7891 on December 30, 2010 at 5:03am

We are with Cabot in the Lenox area. SW just completed a 3D and Cabot is doing another one in Spring. Good luck to you.

Permalink Reply by Herbert G. Flavell on December 30, 2010 at 5:08am

I doubt that they will let your lease expire. There are already 72 wells approved in Auburn and 10 have started. Your trouble is like ours South Western most of their wells are in Bradford County. They have 36 approved wells and 11 have been started. They only have 3 or 4 here in Susquehanna County.

Permalink Reply by Bob on December 30, 2010 at 5:19am

do you know of a place that I can see whats been approved in Auburn ?

 

Permalink Reply by Herbert G. Flavell on December 30, 2010 at 5:31am

I have a membership in www.rlstore.com costs $18 a year. He lists every well in the county with landowner name and gas company. When permit is applied for when approved. And new is well production figures from the state.

Permalink Reply by Bob on December 30, 2010 at 5:35am

ty, I will check it out......

Permalink Reply by Stan Smith on January 3, 2011 at 1:23am

My lease was 5 years with a renewal - I signed in June 2001.  I'm just over the border in Bradford Comunty and I also have just seen the seismic testing to date.  I'm also wondering about when or even If I can start looking to renegotiate my next lease.  (mine expires in June 2011) I suspect that if I'm not identified as part of a production unit I'm free to persue the next lease (with better terms).  Interested in your thoughts.

Permalink Reply by Henry J. Cittone on January 21, 2011 at 7:58am

That's what Chesapeake told us..if you don't get unitized before the lease expires....that's why they are drilling the heck out of Auburn (I was at the meeting at Elk lake and one landower put that theory forwards and Chesapeake's landman just sort of smiled and said of course we will act in our interest)..scuttlebutt is that there are folks with expiring leases in Auburn, and we all know these were signed for a lot less than the newer leases. 

 

If someone could give people an idea abotu what the rough range of royalties per acre is that would be excellent..as a royalty stream of a unitized well I suspect is more than the bonus payments at the height of things...I know we got a scam offer from some shady lookign company for $55K to sell our potential royalty stream on 11.9 acres....so I can only imagine what a royalty is worth on that land.  I tried to do some numbers based on the well next to us, but I admit I am new at this so I won't post my numbers in case I messed up the calculation.