Comment

Comment by sldouglass on September 16, 2013 at 12:25pm

What different outfits might be offering here and there and from time to time is not particularly helpful.  At some point just about every acre is needed.  Landowners need to decide what the price should be.  Of course those that need money sooner rather than later will be picked off first.  Landmen go after large acreage and easy marks first.  Ultimately they are willing to pay people around here what they pay folks in Texas [and even Ohio].  It is question of when - not how much.

Comment by Greg K on September 16, 2013 at 11:07am

Staab is going to be plugged last I heard

Comment by josef o. hirschmann on September 16, 2013 at 11:04am

Halcon leased some acreage near the Staab well in 2012 for $2500. @ acre, the royality % was not mentioned; I was told by some one that knew the owners. This is still early as there is not production data available at this time. This could take several years because lack of infrastructure

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comment by Greg K on September 16, 2013 at 3:40am

James, those huge leases in Ohio are from oil and gas companies filling in around proven oil fields, places where they already drilled and know exactly what is down there. That could still be us in Crawford County someday, but they have proven some fields and are cashing in there.

Comment by james on September 13, 2013 at 8:48am

It's amazing how much money landowners in Ohio are receiving for gas/oil leases, they have several companies paying $6000-$7000+ per acre bonus with 20% royalties, you wouldn't think with Crawford county being so close to Ohio that nobody would be interested in leasing, I realize the shale is better in Ohio according to the experts, but you would think some kind of offer would pop up in the county???

Comment by Joe Szymanowicz on September 13, 2013 at 1:23am

How would you measure the ngl percentage in your individual well? I'm not familiar with the technologies available.

Comment by sldouglass on September 12, 2013 at 8:55am

See:

http://naturalgasnow.org/natural-gas-liquid-ngl-production-is-the-b...

Comment by sldouglass on September 12, 2013 at 8:49am

As to royalties, it is critical to worry about deductions.  That is the reason to keep the percentage as high as possible.

But deductions are not the only issue.  Ask how royalties are measured and get specific examples.  The reason the producers are flocking to the wet is the the can separate out the wet components and sell the parts for more money.  Get your royalty applied to the price of the wet gas components.

Comment by sldouglass on September 12, 2013 at 8:45am

Keep your sights at optimal level.

Bonus of $5000/acre

Royalty of 20% [it used to be 25% or more for Texans but 20% is closer to the norm now.]

The stuff in this area is worth more if only because it is closer to markets.  Generally drilling costs are less here than in the southwest.

Check what companies are telling their investors on the Internet.  They are making good money at today's prices which are likely to increase as the market broadens - which it will.  It is a revolution.  Prices are likely to stabilize at a level at which gas becomes competitive with alternative forms of energy.

Comment by Greg K on September 12, 2013 at 8:07am

Halcon just announced they will spend the next two years drilling around the Kibler well.

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