Anyone in the Doddridge Co Area who is familiar with the construction status of the Kirk Pad, located off of Big Isaac Rd near Miletus? The pad entrance is the same for both John Davis North and the Kirk well pads. JDN (first well pad into the site) was completed nearly a month ago and I think there may be a rig on the well pad but construction on the Kirk pad seems to have all together stopped. Any info would be greatly appreciated.
My dad and I took a ride thru Doddridge Co this past weekend to check the status on well pad construction at the Kirk Pad and it seems work has stopped. After talking to a few land owners in the area, word is that Antero is not sure if they are going to continue construction as they prefer to go further west where there is a higher % of rich / condensate gas. Tried to call Antero to see if I could get some more details and I'm waiting a call back. The well pad sits between two property owners and there's been some dispute about fencing, or lack there of, as Antero has not properly secured a fence line so livestock and horses are not where they are supposed to be. Word is, Antero may reclaim the property but nobody has all of the information. I'm hopeful that Leaseholder Relations will return my call to give us an update. There is drilling on both sides of where our property sits so I can't imagine they would spend money to half build a well pad and over 1 mile of access road, only to reclaim it and abandon all of the leases they have signed. Would rather they drill now vs later but the price will certainly go up if the current lease expires as there is no auto-renew or HPB.
I am totally flying blind here, but I do believe that my sister and I have some rights leased to Antero in the John Davis North area. The last we heard, some of the heirs were refusing to sign or could not be located to allow drilling to proceed - that was in April I think. Antero told us that they had "equipment on the site" and were ready to drill, but had to wait for a court approval - they mentioned an injunction, I think - my sister got the letter, not me. I don't know if this has anything to do with your query, but it is possible. Hope it helps or at least does not add to the confusion. If you hear anything, please post and I will do the same. We have a call in to Antero, but no reply yet.
Oops, I have a question of my own: BCF Minerals has approached us about selling our rights. We only quite a few very small parcels in the area - nothing anyone else has been interested in up til now. Antero is really dragging its feet with drilling and we have received no further communication from them since the letter about going to court in April of this year. We have been offered $2500/acre - rights only. Anyone out there know if this is a fair price? We are both retired and could use the money, although it only comes out to about $24,000 each. I am growing old and feeble waiting for drilling to occur and then no guarantees anyway. I am heir to approximately 7.5 net acres that I know of, which isn't really very much, so even if we get lucky, how much would I stand to earn at current prices? Anyone?
Adam Martin
Oct 27, 2014
Margo Marie Chenoweth
I am totally flying blind here, but I do believe that my sister and I have some rights leased to Antero in the John Davis North area. The last we heard, some of the heirs were refusing to sign or could not be located to allow drilling to proceed - that was in April I think. Antero told us that they had "equipment on the site" and were ready to drill, but had to wait for a court approval - they mentioned an injunction, I think - my sister got the letter, not me. I don't know if this has anything to do with your query, but it is possible. Hope it helps or at least does not add to the confusion. If you hear anything, please post and I will do the same. We have a call in to Antero, but no reply yet.
Margo
Dec 15, 2014
Margo Marie Chenoweth
Oops, I have a question of my own: BCF Minerals has approached us about selling our rights. We only quite a few very small parcels in the area - nothing anyone else has been interested in up til now. Antero is really dragging its feet with drilling and we have received no further communication from them since the letter about going to court in April of this year. We have been offered $2500/acre - rights only. Anyone out there know if this is a fair price? We are both retired and could use the money, although it only comes out to about $24,000 each. I am growing old and feeble waiting for drilling to occur and then no guarantees anyway. I am heir to approximately 7.5 net acres that I know of, which isn't really very much, so even if we get lucky, how much would I stand to earn at current prices? Anyone?
Dec 15, 2014