Replies to This Discussion

Permalink Reply by Ann Ticopa on July 5, 2013 at 6:25am

Iirc, Talisman and SWEPI divided up their ERI holdings in 2010.  On the plus side, both SWEPI and Talisman have anchor shipper commitments to the Tioga County PA extension of the Empire pipeline.  So they probably can't turn off the tap entirely.

Except for the occasional "critical" parcel, I wouldn't expect Talisman to be leasing anything in NE TC now.  It's no secret that they are overextended and under pressure to reduce their debt.  SWEPI isn't dependent on TC for cash flow to finance other operations, so I wouldn't expect them to be enthusiastic about leasing more land either.  But if SWEPI and Talisman planned to "write off" NE TC, they wouldn't have gone ahead and installed their gathering line networks. 

 

Permalink Reply by Lynn Wigglesworth on July 6, 2013 at 1:10am

I'd be surprised if any companies are leasing at all in TC right now. If no one is interested, 'fair price' doesn't matter. I hope it will pick up again as power plants are converted to natural gas, and the LNG projects expand. I also heard of more NG refueling facilities at truck stops. It's moving in the right direction, but not very quickly.

Permalink Reply by Theresa Kolk on July 7, 2013 at 9:34am

Hi, Gringo

   Just answered Thomas Lilli's post on general discussions..he wants to start a landowners' group....maybe we should start communicating better in this area ...I am in Liberty Twp, as is Thomas...I did recieve a letter asking to buy my royalties even tho my immediate area is not drilled...just for giggles, I called and was offered 1500 to `1800 per acre, even tho I am not receiving any royalties.....I also spoke briefly to a landsman who said there will be significant activity in this area in the near future ( his words)...this was back a few months ago....think I will post this info and see if I can get anyone to contribite any info they may have....

Permalink Reply by Gringo on July 16, 2013 at 12:30pm

Theresa
You are in a good area. I'm shocked the landmans lips were moving yet he was telling the truth.

Permalink Reply by Theresa Kolk on July 17, 2013 at 10:36pm

Hi again, Gringo...I said he was a landsman but I think he might have been more of a broker, he said he negotiated deals between landowners  and the G&O co's....if u don't mind me asking, what makes u say I am in a good area? a lot of ppl on here are not optimistic about Tioga co.....I know they have a permit for stormwater and a pad near me but that was last Oct. and no activity yet.....jus' wonderin'  Thanks, Theresa

Permalink Reply by Gringo on July 18, 2013 at 11:50am

I am bearish on parts of the county, but I am still holding out hope for your area. Lease swaps and JV's are good signs. #'s south of the County line are sounding strong. So many leases in your area ( Jim B, Anandarko,Cheasepeake ) had extensions there was no rush to drill.

Permalink Reply by Theresa Kolk on July 18, 2013 at 10:56pm

thannks, Gringo....my old lease (read crappy..lol) is extended til '16...but I have been looking at Lycoming co recently and you're right about them looking stronger...only got the 1 offer so far but I'll post here if i hear anything or get any more offers...btw I'm with Anadarko...

 

Permalink Reply by 274fe3cm60wnm on July 24, 2013 at 1:19pm

the oil and gas industry is always in a constant up and down-  that's fact. 
Chess sold out to companies who plan to move in.  12 years ago- when this started.. nobody would listen-  but new depths are being drilled, pipe is going in the ground and the midstream phase is underway.  You're on a roller coaster. Mansfield had oil wells years ago- Drilling took place in Mansfield in the 80's..  just hang out - we'll see high prices again. 

thedrillingman.com 

Permalink Reply by M - on July 31, 2013 at 6:56am

Looking to contact the Shell(East) land leasing person. Does anyone have a contact? I am facing renewal at the end of the year and want to start pooling info.

Permalink Reply by Gringo on July 31, 2013 at 12:33pm

M, What township? Certain parts of southern tioga, Shell might be the last company you want to contact. They will contact you prior to expiration anyway. The info you need to pool is who your neighbors are leased to, their expiration dates. What units are close and the production #s for those wells. Permits for area. That info will help you to know what bargaining position you are in.

Permalink Reply by M - on July 31, 2013 at 2:42pm

Gringo, Shell has a tendency to contact people 24 hours before it is up for renewal and try to burry you in a leaseholder pool. If they cannot renegotiate and show a commitment in advance, I will go with the competition. Originally I did sign with the competition, but two months in, they bought the lease from them. I generally get three separate offers before completing the deal. Because they have the neighbors and currently my lease, I will review their offer first. BTW the neighbors were locked into a pool to hold their lease(uncompleted well)...My contract prevents that. Just looking for what's fair and a place to start.

Permalink Reply by Gringo on July 31, 2013 at 11:15pm

Too bad there is no competition to go to. Ron Kline 570-723-1172 @ the Mansfield office is a no BS guy. Don't know if he can help or if he is even there after the layoffs. Good luck.

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