Replies to This Discussion

Permalink Reply by Ruby Bee on May 13, 2018 at 3:25am

we have a pugh clause and our current lease is with Swepi.   Originally signed with East Resources 10 years ago.  

Permalink Reply by Ruby Bee on May 13, 2018 at 4:04am

Thanks for the heads up.   I'll take a look.   

Permalink Reply by Ruby Bee on May 13, 2018 at 9:25am

Thank you.   Seeing as how we're not near the Middlebury wells we may not make out as well as Brian Day but there is still some very useful information.   Thanks again!   

Permalink Reply by Ruby Bee on May 13, 2018 at 1:33pm

Good point Old Timer.   If I'm reading our lease correctly, we pretty much have a drop dead clause after the 2nd renewal (or 10 years) for unpooled acreage.   No way Swepi can renew lease without our say so/approval.   But we may be stuck with the pooled / nonproducing well acreage of the lease.  Just not sure what our negotiating strength is given the neighborhood.  And thank you, thank you very much --  appreciate your insight and advice.   

Permalink Reply by Brian Day on May 13, 2018 at 3:08pm

Hi Ruby.  I'd be glad to give you my thoughts on your situation.  I've had some interesting litigation lately with good old SWEPI lately.  If nothing much put the Marcellus has been tampered with in you acreage, you probably have an "out" if you want it. I'm not much on insisting my way is best.  I just give a person information and leave it up to them.  Their land is their own business.

Permalink Reply by Ruby Bee on May 14, 2018 at 1:30am

Brian -- Your insights would be much appreciated!