What's going on in your area?? any info???

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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Replies to This Discussion

Permalink Reply by paleface on May 24, 2022 at 8:20am

Hi Brian,The next few months will tell 20 is decent for our area.

Permalink Reply by Jack Young on June 1, 2022 at 9:13am

Seneca only started turning these wells into the line in mid-February. So March was their first full month, and some didn't even get a full month of sales then. Seneca seems to be getting consistently good results. 

Permalink Reply by paleface on June 3, 2022 at 2:07am

Jack as I wrote before lets watch the next three months to judge production,not sure where you get the consistently good results?

Permalink Reply by paleface on June 16, 2022 at 3:38am

Jack 19.9 for april for the same well?

Permalink Reply by pig dung on November 12, 2022 at 2:31am

All of a sudden there is a lot of interest from three different companies that want to buy mineral rights in our area, north west Tioga county.

They didn't give any clear amounts but said substantially higher than $1,500.00 per acre. Something going on ?

Permalink Reply by Roy Siefert on November 12, 2022 at 3:22am

Jackie Root put together a landowner group solicitation for bids for landowners in townships to the east of the Sabinsville storage area. Many have old expired leases.

Permalink Reply by Jack Young on November 18, 2022 at 8:12am

I assume that Seneca still holds a good bit of acreage east of Sabinsville, so Jackie will need to work around them. 

Permalink Reply by Jack Young on November 18, 2022 at 8:10am

There are several big buyers active in the county now. If you check the latest deeds being recorded, you'll find that Seneca is one of them. Nobody knows what acreage in their core areas is really worth better than they do!

Permalink Reply by Ralph cramdon on November 21, 2022 at 2:50am

Good Info , Jack .. Thanks  

Permalink Reply by pig dung on May 18, 2023 at 11:54pm

Now that Seneca has declared all their wells in Farmington Twp. and surrounding areas abandoned doesn't that mean all the old leases are not in effect anymore ? How can you have H B P with no well ?

Permalink Reply by pig dung on July 7, 2023 at 1:00am

Who is responsible to plug the abandoned wells, the landowner - Seneca ?

Permalink Reply by Jack Young on July 28, 2023 at 8:37am

Seneca will have all their wells plugged at their expense. You have nothing to worry about. 

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