"Perhaps the attorney misunderstood the question, but unitization requirements are fairly straightforward in PA and require more than simply properties touched by the wellbore. I believe EQT calls their units "allocation areas", but they…"
"In a vacuum that makes sense, but they certainly are selling a lot of gas from their existing wells. Undeveloped acreage doesn't make money, but spending $45-60mm to develop a new pad under current market conditions doesn't either.…"
"CNX and XTO have some cooperative agreement, based upon the recorded instruments, to at least share information on their Utica development in those areas. I don't think CNX's Beaver Run is part of that."
"The frac pipe issue wasn't in this co-op area. That occurred in CNX's Beaver Run sweet spot area near the Gaut's. I don't know that that incident has any bearing on the efforts in Indiana/Armstrong/Jefferson Counties."
"Curious how drilling out the acreage would cover the cost of the acquisition. The market has shown that the only E&P stocks to climb under the current conditions are those that have curtailed production, entertained buy-backs or increased…"
"Getting a gross lease (no post-production deducts) is more important than the actual royalty percentage. Consult an oil and gas attorney, and explain that you would only agree to 15% on a gross lease. He/she should understand your…"
"That's a good point, Kathi. They've taken on so many wells and leases that it's almost impossible for them to keep up with maintaining all of the payments with people like Kathi reaching out and letting them know that they are past…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]