Just curious...

     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. ?

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And this study, of course, by an agency holding the belief that 'emissions' are a huge problem....newsflash...that science is not settled.

The 700 million or so poor on the African continent would benefit IMMENSELY from the introduction of fossil fuel power to help provide the very basics of human needs, and enable them to climb out of abject poverty.

Renewables are neither cost effective nor reliable.....no matter how many subsidies are involved. 

Ralph, I checked the Facts and Rumors on Shale Directory, pertaining to Shell pulling out, but there is nothing dated November 2018 in the archive.....the most recent one had no mention. Perhaps it takes some time to be added to the archive.

I will check back there in a few days. Thanks.

I to look forward to seeing ANY factual information regarding Shell pulling out of Tioga County

If there was any truth to said RUMOR there should be some information to be found somewhere to verify said RUMOR 

Facts and Rumors 312 November 10, 2018

Expo/Industry events for the next few months



Downstream Petrochemical Value Chain

November 15, 2018
Eagle Sticks Golf Club
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Latest facts and a rumor from the Marcellus, Utica, Permian, Eagle Ford, Bakken and Niobrara Shale Plays



Shell E&P Pulling out of PA. Shell is looking to sell its acreage in Tioga County, PA. Shell has been assigning well site workers to other Shell operations in other parts of the world. (RUMOR)

ExxonMobil’s CEO Comments on the Permian. The world’s biggest public energy company doesn’t worry about size when it comes to potential deal-making.

The driver of any acquisition for Irving-based Exxon Mobil Corp. isn’t the scope of the target; it’s whether the company finds more value in it than the market does, said chief executive officer Darren Woods at the New Economy Forum in Singapore. The explorer is looking for opportunities to purchase assets even as it plans to expand output at existing fields from West Texas to Mozambique.

“We have the capacity to do any size opportunity that can come about, so it’s really a function of looking at the value that Exxon Mobil can extract, and how we would integrate that into our portfolio,” Woods said in a Bloomberg TV interview, while declining to comment on any specific targets.

Exxon spent $6 billion buying drilling rights from the Bass family in the Permian Basin last year and has been cited by analysts a potential purchaser of Endeavor Energy Resources LP, the basin’s largest privately-held oil producer — an acquisition that could total more than $10 billion. The oil major certainly has the capability to do big deals, with more than $3 billion of cash on its balance sheet and low debt, according to Bloomberg data.

Woods sees a bright future for the oil industry, with 2.5 billion people set to enter the middle class in the next 20 years. That means more liquefied natural gas for electricity, more petrochemicals for plastics, and more oil to fuel the heavy-duty transportation required to move consumer goods.

The company is seeking to grow production with a focus on Guyana, Brazil, Papua New Guinea, Mozambique and the Permian Basin in West Texas and New Mexico. Exxon has already surpassed its plan to mobilize about 30 rigs in the U.S. shale region by year’s end: the company had 38 machines drilling Permian wells as of last week, a 40 percent increase in just six months.

Still, Woods said the company remains committed to not rushing development in the region. West Texas Intermediate crude prices had risen 26 percent this year through early October before giving back nearly all of the gains in the past month.

Good Job, Ralph. Thank you for the details too. Really helps.

Thanks Ralph. Maybe the second part of your post (about Exxon not worried about the size of a potential acquisition) is maybe just a bit more than coincidental?


Thank you Josie for this instruction about how to copy and post a web site. Not everyone has the ability to access and use every feature the internet and computers have made possible.

Oh about Rumors. I have heard that the moon is made of GREEN  CHEESE!  I never really believed it but I spose some folks do.

Have a great day!

Granddad Ladd

I LOOK forward to him running n winning in 2020

I for one think it will be quite entertaining

See You @ The Party. HA!

Darrell, I agree with both those statements, and expand on that thought that the next two years should be entertaining as well. 

I'd heard that Shell has no drilling plans for Tioga County until 2021, so it would make sense to reassign all but a skeleton crew of employees. Their drilling costs are just too high to make even their best wells profitable enough to justify development. If they do sell their core position (and I've heard that rumor too, although so far only the old Marshlands acreage has actually shown up in my inbox) let's hope they sell it to a low cost producer. Either option (Sell or hold) seems like a possibility at this point in time. Only the development options seems to be off the table.


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