When the bit hits, leases will rise

Who here doesn't think that the leasing terms will increase once the bit hits in Tusc. county and the real value is realized...AKA OIL!

 

Sure the Wet gas is the hot item right now....but once the oil starts.....new ballgame.

Views: 848

Replies to This Discussion

Permalink Reply by JR on October 16, 2012 at 9:22am

I agree Paul.  Light, bubbling crude.  Bring it on.  And, oddly there aren't many wells in that super sweet spot that covers a lot of Tusc Co on that ODNR map.  Could they be waiting on infrastructure?  Saving the best for last until they get a grasp on the geology perhaps?  Maybe wishful thinking but it'll be fun to watch.  

Permalink Reply by Paul Martinelli on October 16, 2012 at 9:33am

Thats my guess....waiting on infrastructure. I think the geology is understood....

 

I'm guessing oil is a whole lot different to "get to market" than gas(es)

Permalink Reply by Jim Krocker on October 16, 2012 at 12:46pm

I HEARD IT IS DUE TO THE AMOUNT OF HELD BY PRODUCTION AND/OR PREVIOUSLY LEASED LAND THAT MAKES IT HARD TO PUT TOGETHER PLOTS

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service