Replies to This Discussion

Permalink Reply by William Ladd on October 9, 2010 at 12:07pm

NO response at all? Am I reading this right Lynn?

Permalink Reply by Lynn Wigglesworth on October 9, 2010 at 12:34pm

That's the way I read it. It DID require a big deposit and a non-compete agreement.

Permalink Reply by Ann Ticopa on October 9, 2010 at 12:32pm

Wow, it's a shock that no gasco was interested enough to even buy the list of properties (and qualify to bid).

I still don't understand the TTLC's forced pooling reasoning. Why should East lease land (at a premium) when they already have the 75% required by the draft forced pooling?

Thanks for the info. Nothing on the website yet. I wouldn't mind if a copy of the email found its way to afrenchs at ptd dot net.

Permalink Reply by Lynn Wigglesworth on October 9, 2010 at 12:48pm

Did any other TTLC members get this email? I've gotten other TTLC emails from this address, so I assume it's legit. Odd that there is nothing on their website. I'd like to verify that it's for real.

Permalink Reply by paleface on October 9, 2010 at 12:55pm

I saw on c-span 3 two nights ago that the forced pooling bill was sent back to the house for some tweaking it sure didn't sound like it was shut down?

Permalink Reply by Lynn Wigglesworth on October 9, 2010 at 1:28pm

I've read Senate Bill 1155, and there is nothing in it about pooling. It covers only the severance tax. Unless there is another bill?

Permalink Reply by Ann Ticopa on October 9, 2010 at 1:29pm

What forced pooling bill? There was the Gergely/Everett (House) draft legislation but afaik no forced pooling bill has been introduced in either branch of the PA legislature.

Permalink Reply by William Ladd on October 10, 2010 at 12:24am

If what you say is true Lynn then there are going to be a whole bunch of landowners very upset. They were putting their hopes on "Twin Tiers" and probably many of them who could have signed with some other outfit did not sign.

Bill L.
aka Bummy

Permalink Reply by Brian V. on October 10, 2010 at 2:36am

With this news I get a feeling the East sharks have started circling and have smelled blood. Be strong. Remember, always punch a shark in the nose. Same for landmen. LOL!

Permalink Reply by b bz on October 10, 2010 at 3:36am

Mr. Labarge,

What lease terms do you want ?

You must have a dollar amount per acre, and a royalty percentage you want on the minerals coming out, do you mind if I ask what the terms are that you would like ?

Thank You,

Rick Boyle

Permalink Reply by b bz on October 10, 2010 at 4:30am

Mr. Labarge,

Everything you listed is reasonable. ( price, accounting audit, term, etc.)

How many contiguous acres are you associated with, or, are you in touch with? .......


Of course pipelines are an issue to sell to.

A group I was part of, developed the largest producing natural gas field in King County Texas, and later sold out all to the old Hunt- Placid group, which even later, Chesapeake bought out. Just having one pipeline to sell to, limits everyones options to get the best price for all the interest owners , working and royalty owners.

Generally as it develops out , more purchasers of product( pipelines) should get right-of-way, and become available.

Permalink Reply by William Ladd on October 10, 2010 at 8:35am

Your terms sound reasonable to me too Nate.

There are a good contiguos 640 next to my acreage for a drilling unit available once Dominion problem is solved.

Bill L.
aka Bummy

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