craig

Male

Beaver, PA

United States

Landowner

Profile Information:

Introduce Yourself
Chesapeake, multiple pracels leased at various times and amounts. Last lease was signed with CHK in June 2011 for $3150/acre 18% gross, South Beaver Twp.
I do my best to keep up with most facets of drilling in our area. I also talk to lots of my customers from the area, some of which include folks in the various related industries. Folks 'in the know' do tend to keep their lips sealed on the subject though.
Which state(s) are you following?
Pennsylvania, Ohio
What shale plays do you follow?
Marcellus, Utica

Comment Wall:

  • Sherry

    Ah, I should have read your original post a little better, as you did say "newer".  Alas, maybe my husband will graduate up to one some day!  His friend drills on a 430 model, and that rig was NICE!  Like I said, maybe one day.  Take care and Good Luck - here's hoping for some nice production numbers for you!

    May 1, 2011

  • Nancy LeNau

    Hello Craig, This is Nancy in Hookstown.  Thank you so very much for the information you have sent. I have signed up with the Mount Jackson group and my  76 acres in Hookstown plus my 3 acres in Clinton are under negotiations.  I was told I would know something by the end of May.  That is also when my contract is up with the group, but if I don't send a letter to them they will extend me for another 6 months.  My question was... let me try to get this right?  Is there a difference in the royalties $ if the well is on my property verses on someone elses ?  I prefer the well...NOT... be on my property.  I have so much to learn ...... Thanks to friends like you....  I am learning much faster !!  Again... THANK YOU !!  Nancy

    May 23, 2011

  • Nancy LeNau

    Hello again Craig, Thank you !!  Again....You have answered my question with 100 %  understanding !  Now, I also understand what a "unit" is. I am so glad I joined this group and found you with a "fountain of information" ! I feel like a little sponge.... I want to learn more and more.  I find this so very interesting. You are truely wonderful !  Thank you, Nancy....from Hookstown.

    May 27, 2011

  • Nancy LeNau

    Craig, I need your help again.... Our group offered us from Chesapeake $2,350.00 and 15% gross BUT with a 5 year contract and another 5 YEAR OPTION.  The $$ is fine but I do not like the Option.  I would much rather they take more $$ off the bonus and forget the option.  Another attourney said he could get me $2,015.00 and 15% gross and a straight 5 year contract with no option. I am in Hookstown, PA. 15050.  My  present lease will be up Sept. 15th of this year with Great Lakes (Range) The group said this would be no problem ?  HELP ?

    Jul 30, 2011