Your best bet in Wetmore Township is Catalyst for shallow wells. Deeper wells would be either Shell or Seneca, although neither appears to be leasing much since they have plenty of fee OGMs to develop.
If you can tell me what warrant or lot you're in, I may be able to give you more quidance. The market for oil is much more promising than for gas right now - shallow oil drilling might be a possibility if you're in the right place, but the prospects for substantial Marcellus or Utica drilling in that area are pretty slim. There may be some testing by the companies that own large fee OGM blocks nearby, but unless you fit into their plans perfectly, 52 acres won't attract much interest as far as the deep rights are concerned. We've had good luck leasing our shallow rights in Wetmore Township, however, and have gotten nice oil royalties from some of them.
OGM is oil, gas and minerals, by the way - how you describe the rights if they've been severed from the surface estate. Which is very common in Wetmore Township - very few landowners there also have their oil and gas rights. If you do, you're quite fortunate.
Jack Young
Your best bet in Wetmore Township is Catalyst for shallow wells. Deeper wells would be either Shell or Seneca, although neither appears to be leasing much since they have plenty of fee OGMs to develop.
Nov 29, 2011
Jack Young
If you can tell me what warrant or lot you're in, I may be able to give you more quidance. The market for oil is much more promising than for gas right now - shallow oil drilling might be a possibility if you're in the right place, but the prospects for substantial Marcellus or Utica drilling in that area are pretty slim. There may be some testing by the companies that own large fee OGM blocks nearby, but unless you fit into their plans perfectly, 52 acres won't attract much interest as far as the deep rights are concerned. We've had good luck leasing our shallow rights in Wetmore Township, however, and have gotten nice oil royalties from some of them.
Nov 30, 2011
Jack Young
OGM is oil, gas and minerals, by the way - how you describe the rights if they've been severed from the surface estate. Which is very common in Wetmore Township - very few landowners there also have their oil and gas rights. If you do, you're quite fortunate.
Nov 30, 2011