Replies to This Discussion

Permalink Reply by Robin Jackson on January 19, 2011 at 3:39pm

Covington Twp..is missing and we are loaded with wells.

Permalink Reply by Robin Jackson on January 19, 2011 at 3:52pm

I think I counted 24..

Permalink Reply by Ann Ticopa on January 19, 2011 at 4:13pm

Covington is missing because, according to the DEP Spud Reports, East didn't drill any wells in Covington Twp in 2010.  (The DEP shows 30 horizontal wells drilled by Seneca in Covington Twp in 2010.)

Permalink Reply by Brian V. on January 19, 2011 at 5:01pm

Covington is a good example of a company forcing there way into Tioga county. Seneca had a small hold there 3 years ago and went and built it up and traded or bought East leases in order to get their wells in. The reports I've seen on their wells have been very impressive. I'm sure East and Seneca has some sort of joint venture working there. 

Permalink Reply by Ann Ticopa on January 19, 2011 at 6:03pm

Seneca was the high bidder (~$48.5M) on ~10,500 acres of Tioga State Forest land about a year ago.  And the fact that they're just going ahead and drilling the horizontal wells (rather than vertical) in Covington Twp also indicates that they are serious about producing gas.

Permalink Reply by Lynn Wigglesworth on January 20, 2011 at 2:49am

And East isn't serious about producing...as I suspected, they are only finishing wells in areas where they already have pipelines. In areas like Delmar township, they are drilling verticals and moving on. That list is only the new wells for 2010? East has been drilling in Delmar for several years...the well near me is coming up on 3 years old and still not completed (but holding 600+ acres worth of leases).

Permalink Reply by Ann Ticopa on January 20, 2011 at 4:38am

Yes, I interpreted the numbers the same way you did.  OK, a certain number of vertical wells (and single horizonal wells) can be justified as "exploratory" ... to see if further development is justified.  But except for a few townships, this number seems excessive.  (Yes, it is only wells that were reported as having been started in 2010.)

 

 

Permalink Reply by Robin Jackson on January 20, 2011 at 9:27am

Good Point..

Permalink Reply by Susan Yungwirth on January 22, 2011 at 3:25pm

they (seneca) are not only serious about drilling but also about getting the pipeline in so that they can get the gas to market.   Very early in this event they were putting in lines so that they could get the wells on line as soon as they were done with the drilling and fracing.... several of my neighbors are getting royalties.... and have been for a while!

Permalink Reply by Ann Ticopa on January 22, 2011 at 7:06pm

Seneca is a subsidiary of National Fuel Gas, which operates the Empire Pipeline (NY).  Final FERC approval for the Tioga County (PA) Extension is expected soon.

 

Do you happen to know what bonus/royalty Seneca paid/pays for private land leases in TC?