All things pertaining to the Marcellus Shale in Tioga County.
Location: Tioga County, PA
Latest Activity: Dec 8, 2022
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You can see Ultra's acreage positions as of a few weeks ago on a map in their latest investor presentation - available on their corporate website.
Hard to imagine any bigger news for Tioga County landowners. At least not today!
I'm surprised that nobody has commented yet on the big Shell-Ultra deal - http://www.marketwatch.com/story/shell-divests-us-onshore-gas-asset...
What is the status of HBP on older East/Shell leases? a lot of acerage now held by Shell under HBP and shut-in payments has not been touched in 4 or 5 years. i seem to remember someone who was involved in the composing of these leases back in 2006 saying that a limit was put upon the number of years the lease was good for without actual production in the addendums. if Shell is going to mothball large sections of the county, maybe the HBP should be re-examined to see if Shell can truelly hold this land without doing a thing indefinitely. Anyone ot there know more about these addendums or had a lawyer look at them in the past?
Northeastern Shale Joint Venture
We are a Joint Venture Oil & Gas partnership whose partners possess extensive experience working and drilling in the Marcellus . We are seeking to work with landowner(s) or group of landowners that meet the following criteria;
1. Landowners must NOT be under existing oil & gas leases.
2. Must collectively or individually own 400 acres or more of contiguous land(s) in Tioga, Bradford or Susquehanna County (west of interstate 81 only).
3. Have a interest in having the land’s Natural Gas resources developed in a safe and expeditious manner.
Our operations are guided by the following policies:
We develop gas production only in a safe manner consistent with environmental preservation and post-drilling reclamation.
Unlike our competition we do not drill simply to hold leases. We will develop the unit(s) with only one goal in mind, attaining maximum production, safely and expeditiously.
If the unit’s geology and location are strong, we offer the highest royalties in the industry.
Individuals or groups that meet these criteria and share these goals should respond by email to NSJV at Marcellusshale14@gmail.com. Your response must include all parcel numbers, corresponding acreage, owner’s names as well as contact information of the key landowner or proposed designated representative of the group . Information provided will remain confidential pending our assessment of the acreage. Replies will be made promptly by one of our key executives, not by agents or third parties.
We look forward to hearing from you.
Northeastern Shale Joint Venture
First of all, all this marcellus shale, OGM's and such is all new to me. Bought my property...3.45 acres...in 2010 with OGM's. Live 1/4 mile from the Chappell site on Ridge rd. Middlebury Twp.in Tioga, County. Site was constructed in 2011 with one well currently fracked. Researched and found out that we missed the unit by about 200 yards.
Recieved a letter from SWEPI 2 weeks ago that our lease is eligible for renewal. Shell remins interested in evaluating this area for oil/gas development and offer to renew the lease for a 5 or 10 year term. They are paying $300 per acre as a bonus consideration for a paid up, 5 year primary term renewal lease and 1/8th royalty on oil/gas produced.
Now, knowing that 2 years ago property owners were being offered up to $3k per acre, my question is, should I accept or tell them to go pound sand? I realize "the boom" is over and Shell is the only company in the area, so no competition. Should I take what I can get...because a little something is better than nothing....or wait for a better offer? If I don't accept their current offer, should I call them and inform them, or just ignore the letter? Will they even come back with a counter offer? Is there a "time limit" to respond?
This is all new to my wife and I. I don't want to screw this up. I'm sure I will have plenty more questions in the days ahead. Thanks......Dave
I just wanted to let you know about an upcoming Seminar Series through the YPE called Energy Industry Training Series- It’s 12 part series, although you can just attend one or two if you like. The first Seminar is in June, and gives a complete overview of both the Marcellus and Utica plays.
You can learn more here!
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