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)?
What are the renewal terms for the 10-yr leases?
Thank you for the update.
No, what I was wondering about was terms to extend/renew the lease (not hbp).
Neighbors just got an offer in Charleston Twp. for $1000/acre for 10 years. Didn't mention %age. I told them that's low, hold on. There seemed to be some confusion--whoever called said their lease was "up" and the landowner said, no, we've got more than 2 years to go. The "official" who claimed to be from Shell said, no, your lease ran out. Weird.
I would hope with Utica now coming into play, offers should be no less than 1.5 times what was offered in your original lease offers.
Good suggestion, Josie. I see nothing happening in Delmar Township (and we are only 10 miles or so from the Utica well in Keeneyville)
PA Gas Drilling Permit Issued in Delmar Twp TownshipGas permit issued on 2014-12-03 00:00:00 to SWEPI LP for site BAKER 128 23H in Delmar Twp township, Tioga county
Tags: PADEP, frack, permit, drilling, Gas
Gas permit issued on 2014-12-03 00:00:00 to SWEPI LP for site BAKER 128 21H in Delmar Twp township, Tioga county
Are the permits for new wells? I thought they had already completed all the wells at the Baker site?
I have not been keeping up the permits and production reports. Does anyone know how many wells are actually producing, by township, in Tioga County? Sometime I wonder if everyone but me is getting a royalty check. Or are a lot of people held by (non)production or otherwise in limbo (I'm leased but not in a unit)?
Thanks! That's good news. It's nice to see the activity getting closer. I'm only a couple of miles from the Baker site, so I hope the Utica is fruitful there. I never thought I'd say it, but I hope they lock me into the unit soon; I've got a higher royalty rate than they are offering now, and I'd like to keep it. I'm afraid they will let my lease expire then re-lease at a lower royalty.