I am in Liberty township and a few months ago got an offer to buy my royalties for 1500 to 1800 per acre, but they would do a more in-depth look if I was serious which "mite change the numbers" slightly....even tho I am not drilled or receiving any royalties ..talked to a landsman rite b4 I contacted them and he advised caution as there will be "significant" activity in my area in the "near future"....how about it, anybody else get an offer or hear anything or see any activity here in Tioga Co. ?
Don't know if Shugart wells are Utica wells might be Marcellus there in Richmond township.
synnestvest no decline, nice.
shugart, whatever they are, they are pumping!
what are these numbers for, what do they denote ? thanks, Theresa
It is the production of the Utica wells for the month in Tioga co.The production is posted monthly now.I think this is for February so there still a month or two behind.
This is an FYI for the Sharrett Well site in Clymer Twp Tioga County........all 3 wells are online and producing into the pipeline.
I spoke with Shell White hat on site and he said they are VERY happy with the Utica and Marcellus wells............however the Burkett well was not as productive
Shell Now has a well site permit in the DEP pipeline for a Trenton Black River formation less then a mile away called the Plummer Well............White hat said they are going fishing, however due to all the lease recordings on Landex in the last 8 weeks I would have to say they have a pretty good idea what is there............they are tying up everything
"Both sides claim victory, after EPA issues fracking-water review"
"The EPA said that fracking has “not led to widespread, systemic impacts on drinking water resources.” But the agency acknowledged that the whole drilling process, not just fracking, has impacted drinking water in some locales. ..."
Does anyone know if there is a website where you can see if gas companies applied for permits for gathering lines in Tioga County ??
Shell Chemical's delay on the cracker decision is puzzling. They say that ensuring a supply of ethane is critical. Yet they continue to sit on the fence as producers sign up with ngl pipelines. Yes, Shell did (finally) buy the Horsehead Zinc property, but for what was petty cash to them. And with the improvements they are making, they might be able to sell it at a profit. Or, they could hang on to the site to prevent a competitor from getting it.
Incidentally, it has been mistakenly reported in some articles that the Shell facility would produce polyethylene. So far, Shell has only (sort of) committed to the initial cracker stage, which would produce ethylene monomer. Production of polyethylene would require a second, polymerization, plant.
The article doesn't mention that the 1979 legislation was faulty. It doesn't prohibit deduction of post-prodution charges from the 12.5% royalty. (PA Supreme Court - 3/24/2010).
"No deductions of any costs shall result in a royalty payment less than the one-eighth as provided in this section. The requirement for a minimum royalty payment shall apply to all existing and future leases for unconventional gas well production and shall commence upon the effective date of this section."
So, while the legislation would (allegedly) prohibit reducing an actual payment from 12.5% to 10% with post-production fees, reducing a 15% payment to 12.5% would be ok. What's most questionable is whether the state has the authority to over-ride existing leases.
Cruttenden Utica well in Middlebury-22h 15.6
Cruttenden Utica well in Middlebury-24h 15.0
Shell has to be real proud of these Utica wells.
"Butler County families file suit against XTO Energy"
"Two Butler County families have filed a federal lawsuit claiming that XTO Energy violated their gas leases by inappropriately deducting expenses from royalty checks. ..."
What's interesting about this case is that it depends on the wording of the leas(es), not on PA's "1/8 law". The leases were with Phillips, who did drill wells and made royalty payments based on gross receipts, with no post-production deductions. After XTO obtained the leases, they started making post-production deductions. Which resulted in this lawsuit.