Comment

Comment by Jim Litwinowicz on October 26, 2012 at 2:44am

From same report; "Range's second Upper Devonian super-rich well continued to clean-up following our August announcement and ultimately had a peak 24-hour rate of 552 barrels per day of liquids (172 barrels of condensate and 380 barrels of NGLs) and 4.7 Mmcf per day of gas, or 8.0 (6.8 net) Mmcfe per day. With ethane recovery, the well would have tested at 998 barrels per day of liquids (172 barrels of condensate and 826 barrels of NGLs) and 4.0 Mmcf per day of gas, or 10.0 (8.5 net) Mmcfe per day." 

Its unclear of well's location but I think it is in SW PA. This means there is another strata that may have great potential to be developed with horizontal drilling.

http://www.marketwatch.com/story/range-announces-third-quarter-2012...

Comment by JREwing on October 25, 2012 at 2:28am

If the amount of noise coming from the site is an indicator, then drilling is underway on the Allam 1H well.

Comment by Jim Litwinowicz on October 24, 2012 at 3:55pm

From Range's 3rd qt report;  "In addition to Marcellus drilling, the division drilled and successfully completed the industry's first wet Utica test in northwestern Pennsylvania where the Company has 190,000 net acres of leasehold. The well is currently shut in waiting testing. A second wet Utica test is scheduled to spud in the fourth quarter."

Comment by Jim Litwinowicz on August 13, 2012 at 8:37am

Meeting for Venango Co Tuesday, Aug 14th at the Franklin Quality Inn at 6:30 PM This will be a joint venture with M & P Law and Cx-Energy

Comment by Jim Litwinowicz on June 9, 2012 at 1:50am

M & P has a meeting scheduled for Tuesday, June 12th at the Franklin Quality Inn at 7 PM for anyone that wants to know more about leasing and/or joining our group.

Comment by p umpjack on June 7, 2012 at 10:33am

and the big news is......................

several companys ........................

where is the big offer?????????????

Comment by Jim Litwinowicz on May 18, 2012 at 12:33pm

M & P and Cx-Energy have announced a deal for Mercer Co with Halcon for $3850/18.5% no deductions with a very good lease. Best part is that it only covers deep rights, below 1000' below the base of the Speechley Sandstone.  That will allow landowners to lease their shallow rights to  a shallow driller and possibly get free gas. (The lease gives Halcon the right to match any offer) I don't know for sure what a shallow lease is worth but I'm guessing that would be another $500 to $1000 per acre for the landowner. Good deal.

We are working with several companies to get a similar deal in Venango Co

Comment by p umpjack on April 9, 2012 at 2:26pm

diamondJIM

the first cause of a guilty person is to draw attention away from the facts

you sir(terminology liberal) are doing me a favor....

call your lawyer fiends......yes fiends

Comment by Jim Litwinowicz on April 9, 2012 at 2:17pm

C'mon p umpjack ...take the bet

Comment by p umpjack on April 9, 2012 at 2:16pm

                Comment by p umpjack5 minutes ago           Delete Comment

Diamond JIM beforeyou chase me on this county site you carpetbaggers try to fleece on

as I have stated to take that bet

you would take 6% from the restaurant no tip that would be absorbed by the restaurant and then you would want a 90 day extension to pay

last time I saw you you couldn't valet park your escalade at the franklin quality inn

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