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. ?
Thanks for all the info OT!
OT, that is some serious production for what I assume is a Marcellus well, being so far South in TC.
Is this a new 'hot spot' for TC Marcellus, or just better completion techniques?. They may not rival the best wells in Bradford or Susquehanna counties, but impressive nonetheless.
The 'several live perf guns'....are these charges that did not function properly?
Sounds a little complicated. But for us ignorant folk, You might say it is like shooting a deer. You shoot but if you are off just a few inches, you could harvest the entire deer or just take his ear off!
Thank you for helping us understand better the in's and out's of well drilling OT.
Seems like between Seneca and Eclipse, Swepi got left in the dust with a massive purchase investment to start, costly development and a very small footprint in which to operate. I'm not sure they could even sell what they have and get back the overall investment.
Do you have maps or are they available somewhere?
Thank you Josie
Remember that Shell inherited an incomplete unit layout from East that was designed primarily to hold acreage, then as optimal lateral lengths increased had to modify their own plans while working around the earlier Shell and East units. I wouldn't blame Shell for not being able to make it all look perfect. Circumstances change, and so do development plans. You do the best you can.
Seems to me as if they all are making a lot of extra work for themselves. Development plans, Changes in circumstances......Political, Financial, Weather, Acquiring materials needed on time.
Not to mention catrastrophic accidents like pipelines blowing up because of over pressurizing pipe lines.