Replies to This Discussion

Permalink Reply by Robin Jackson on November 20, 2010 at 2:10pm

It is the only well there . I can' find out quickly if you'd like to know. I will do that for you.

Permalink Reply by Robin Jackson on November 20, 2010 at 2:31pm

Its ok..It is Earl's.

Permalink Reply by Ann Ticopa on November 20, 2010 at 2:47pm

I don't think a vertical well takes very long to drill. Perhaps they were disassembling the rig to take it somewhere else to hold some more leases?

Permalink Reply by Lynn Wigglesworth on November 21, 2010 at 3:04am

Ann; that's what I was thinking. East has been doing that here...drilling vertical wells to hold leases then moving on to the next well. They can really move fast that way.

Permalink Reply by Ann Ticopa on November 21, 2010 at 5:00am

There is some pretty good information available about what landowners should expect with Marcellus development. But most articles I've read fall short on cautioning how long it may be until landowners see any royalties, even if they're in a production unit.

Permalink Reply by Frank Walker on November 21, 2010 at 7:46am

Agreed, Ann.

So much of the drilling today is about HBP. Royalties likely remain years into the future for many of us. It'll depend on the price of natural gas, though. And right now that price is in the "turlet". If the NG price should ascend once again into the teens, well, hang onto your hat!!

I don't have specific information on the well being inquired about by the OP. But here where I live (not all that far from Nauvoo, actually) rigs are remaining up only briefly, and then moving on the the next HBP candidate pad. The gas companies don't want to lose their big bonus money if already paid, or have to pay the big bonus money for land leased years ago on the cheap. And I don't blame them a bit.

Permalink Reply by Ann Ticopa on November 21, 2010 at 10:11am

I was referring to the defined "Unit" of land declared with the PaDEP when applying for a permit.