Comment

Comment by Michelle Leonard on August 7, 2012 at 12:49pm

Opps.  707-483-2724

Comment by Michelle Leonard on August 7, 2012 at 12:49pm

@ Dave- thanks for responding.  That is the email I sent it too, I just sent another one.  Maybe the others went into Spam?  Can you or someone call me at 70-483-2724?  thanks, Michelle

Comment by David Hunt on August 7, 2012 at 11:42am

Michelle Leonard  I ask Tricia to look back at the emails and find the ones you sent and didn't get a reply to. Was it under a another name or did you possibly use the wrong address? The address is nwpalandownergroup@hotmail.com   Try copy and pasting this and see if it goes through.  Thanks Dave

Comment by Lauren on August 2, 2012 at 6:37am

CX-Energy is picking up the pace for Crawford County, and they expect their next lease to be negotiated will happen for members in this county. They were able to take 60,000 acres to market in Mercer county after only 4 months of starting the group. Members received $3,850 per acre as an upfront bonus payment with 18.5% GROSS royalties. To learn more about CX-Energy they are holding multiple public meetings in August:

Crawford County Landowner Group

Please join us for an informational session regarding this group:

Thursday, August 9, 2012 at 6:30 p.m.

Meadville Elks Lodge 15438 Hwy 86 Meadville, PA 16335 Thursday, August 16, 2012 at 6:30 p.m. Titusville VFW #5958 206 Saint John Street Titusville, PA 16354 Tuesday, August 21, 2012 at 6:30 p.m. Linesville VFW 6913 SR 3014 Linesville, PA 16424 Thursday, August 30, 2012 at 6:30 p.m. Meadville Elks Lodge 15438 Hwy 86 Meadville, PA 16335

For questions regarding this group email Crawford@cx-energy.com or call us at 724.933.1311.

Comment by Michelle Leonard on August 2, 2012 at 6:21am

I have 15 acres in Rockdale Township and have been approached by Wishgard and CX-Energy regarding leases.   Does anyone have good things to say about either company?  I emailed NAPALG twice in the past two weeks asking for information and to call me, and no one ever called me or emailed me back.  Any information would be appreciated.

Comment by Jim Litwinowicz on August 2, 2012 at 3:38am

Keep in mind that if you sign a delayed rental agreement...allowing a $500/acre/year payment for five years....the rental payments stop as soon as they start drilling a well. That means they can pay you the first year, start drilling, and not pay any more rental payments...... even if it takes two or three years to drill the well...depending, of course, on how well the commence of operations clause is written.

Comment by rex roae on August 2, 2012 at 2:46am

I believe the Range offer is actually $500 per acre for 5 years which brings the total to $2500 per acre.  My neighbor and me in SE Crawford received the same offer for each of our 50 acres.

Comment by Berk on August 2, 2012 at 1:21am

Read the newspaper article I posted a few days ago concerning greenwood twp they are putting that well in less than a mile from my house. I think they are looking for bargains.

Comment by Bob Jenness on August 1, 2012 at 10:46pm

For Berk:
Can you tell us a little more about your land? It would help us all to understand or infer what RRC is trying to accomplish - are they trying to fill in very desirable units for the near-term drilling plan, or just trying to get a speculative bargain? etc.

Comment by Bob Jenness on August 1, 2012 at 10:38pm

Warjr, and all the rest with similar "all acres" questions:

This, obviously, is the other edge of the "more acres makes more negotiating power" sword.  I don't know much about either NWPALG strategy nor normal industry practice in a case like this, but my opinion is that what NWPALG and each landowner needs is the best available estimate of the total oil/gas value of each acre of land in the grouping.  Such an estimate must address the underlying geologic realities (i.e. are some layers thicker in some parts of the grouping, and what's been produced in the past).  There also has to be some estimated value difference between unit-ready and fragmented parcel groupings.  We know any energy "partner" that offers a lease will have this level of information, and they'll use it to guide their offers, and we know that the maximum they'll be willing to offer may vary from parcel to parcel.  Whether they (1) make a blanket offer (which will effectively transfer wealth from richer land to poorer:-), or (2) offer on all parcels at multiple rates, or (3) refuse (delay, really) to offer on some parcels is dependent on their business strategy and plan.  

I would expect our landowner group to be able to negotiate a fair outcome for all signed-up members.  If (1), then understand the magnitude of the value differences and be able to openly explain the impacts to both richer and poorer parcel owners.  If (2), then understand the value basis driving the offer differences and openly explain why the $ offered are fair.  If (3), then keep working (multiple partners) til there's some offer on all land in the group.  Of course, case (3) means that some landowners may get leased, and maybe even drilled, before others.  That possibility exists now, since  landowners may choose (even with financial consequences) to "defect" for a quicker lease with another group.  I also expect that some landowners may yet join after expiring leases or end of production on shallow vertical wells and so will have leasing opportunities that are different in some aspects.

Nobody said this would be easy, did they?

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