Anyone know the extent of the additional Tioga County leasing SWEPI has planned? The last (and only) time I was contacted by one of their landmen was 4+ years ago. He was going to get back to me "next week".
I'm in NE TC, where most of the existing wells are single horizontals, drilled by ERI and now owned by Talisman. My best guess is that SWEPI is filling in some of the gaps (unleased property) ... not that they have development plans. Anyone have any info (or guesses)?
Was that an East Well?
I think it was drilled by SWEPI 3 or 4 years ago, in that drilling spree when they drilled the Baker wells and Butler wells in this area.
they hit 2 homeruns and a grandslam on Sharrett Pad in Clymer Twp and appled for another well DEP 09/11/2014...............
That should tell you something...............they are lowballing and locals are caving
My sense is that qualified operators are attempting to secure leasehold positions in the sweet spots that have been identified by 1) the extensive 3D seismic surveys and 2) test wells drilled to hold the major lease blocks. If a gas company is knocking on your door - chances are, your acreage is in an attractive area.
Carefully evaluate any offers!
Based SWEPI's Utica results, expect to see additional leasing activity for acreage where the leases have recently expired.
That's what's curious about it; I'm not in a "sweet spot".
One consideration in the areas that are considered to have Utica shale is the possibility of forced pooling. Hilcorp did drop their application to force pool in SW PA Utica, but that doesn't mean someone else won't try. SWEPI might be looking to lease property that couldn't be easily forced pooled into a unit because of its size.
I'm unaware of any drilling down into the Utica by Talisman . . . or even of any interest in the Utica by Talisman.
At least not so far.
Talisman's Bayles well in Wells Twp was a test well that was drilled deep in 05.
Ann................what size property or parcel do think would qualify for your statement above on forced pooling..........I am in a sweet spot
Is there a map showing "sweet spots" available to the public?
Nobody knows where the Utica sweet spots are yet, other than (hopefully) right next to the Neal well in Chatham Township. So there's nothing public. If only the business was that simple! ;)
Well yes, Josie. There is for the Utica:
However, it might be imprudent to count on the quality or accuracy of those maps. Nevertheless, Josie, you didn't specifically request accurate maps!! :-)
As Jack suggests, more will be known in the fullness of time. ;-)