Jack Young
  • Landowner, Gas Professional
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Latest Activity

Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Dominion and National Fuel have been slowly picking up leases on their storage field buffer zones for years. Why UGI didn't do the same is beyond me, as it clearly does put them at risk in a situation like this. My understanding is that…"
Jun 10
Jack Young replied to steve's discussion 'Potter County Pa goings on?'
"If gas prices in our area recover (right now producers in PA get far less for their gas than the ones in Texas) JKLM could resume some limited drilling. But if they do, I suspect they will just lease what they actually need for each drilling unit…"
Jun 10
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Seneca isn't likely to declare giant units like the Painter just to hold acreage, and then drill only a well or two. Those mega units give people with land on the far side of the unit and contribute no gas to the well a share of…"
May 10
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Until about 2005, nobody in our area used paid-up leases much. You signed for an annual rental, just like a hunting lease, and got paid that amount every year until a well got drilled or the company gave up on the acreage. Seneca is trying to go…"
May 6
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"So $115 per acre for each year of (I assume) a 10 year lease, no bonus (just the first year paid in advance) and a 50% cap on deductions against a basic 15% royalty? If they try to keep their deductions low, this might still…"
May 4
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"I haven't seen any permits applied for that would suggest new drilling up there. Southwestern may just be making some improvements on the existing wells they got when they bought the leases. But it's still nice to see someone paying…"
Apr 29
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"The core Marcellus wells to the east and in SW PA are better than what we have. But our wells match up fairly well with the results just outside the core in both areas, and ought to be profitable if gas prices stay where they are right now and…"
Apr 29
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"I've heard that Seneca is only going to be renewing the Tioga County leases they need for the next five years of drilling. Everything else that's not held by production will be let go for now. I believe that they'll be paying annual…"
Apr 28
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"My guess is that Seneca's future drilling will be almost entirely determined by the results they get from this year's wells. If the results are promising, I'd expect them to test additional parts of their core acreage…"
Apr 16
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Seneca has already applied for new Showalter permits. What's optimal has changed since Shell laid things out, and Seneca will want to do things their way regardless."
Mar 29
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"I should have said "parts of" those townships. Some look completely good, others just partially. And added northern Charleston too."
Mar 26
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Shell had planned to drill more Utica wells on the Showalter a few years back, and it's clearly a core location. So I think that this is a good decision by Seneca. I like Chatham and every township that adjoins it."
Mar 26
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Yes, and they acquired leases from Shell before this deal as well."
May 6, 2020
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"I think it's a mistake to assume that Shell could have gotten more gas out of any particular well and were just being inattentive. They want to make money too, and have some very smart people working for them. But it's certainly possible,…"
May 6, 2020
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"NFG (Seneca) was already very active in Tioga County, but this is a bold move for a company their size. Luckily, they have great gas markets, a hedge in place and know what they're doing. So I see this acquisition as a very positive…"
May 6, 2020
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"No, that deal was further west."
May 8, 2019

Profile Information

What is your role?
Landowner, Gas Professional
Which state(s) are you following?
Pennsylvania

Comment Wall (6 comments)

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At 12:22pm on October 16, 2014, KAnderson said…

Mr. Young, my brother and I are visiting some folks in Coudersport on 20 and 21 Oct and were wondering if we could buy you a cup of coffee or some lunch?  We are Beckmans (from Francis and John Beckman of Coudersport) and have taken over the estate's OGM affairs.  Not sure where you are located, but if it's close by, we'd love to get your perspective on some things if you have the time.  I'm told the Beckman and Young families are actually related through marriage.  A small world!  My personal email is beckmanc@gmail.com if you'd like to discuss further.

At 10:15pm on March 19, 2013, chris barton said…

hi jack its been a long time try my number 412  271  9000  chris barton i look forward to  catching up with you

At 1:11pm on December 1, 2011, Don Wiff said…

Jack: Thank You. We felt this was the siuation, but never had substantiation.  What do you do to have all this info?

Thanks Again and have a wonderful Christmas.

                                                                              Don

At 9:30am on December 1, 2011, Don Wiff said…

Jack:  From the most recent deed, it is part of Subdivision No. 348.  The original deed is in Book 499, page 777.  The most recent deed is in Vol 532, page 178-180.  The land was originally purchased from an old Swedish estate of which two of the nine owners were children of the estate.  It is used to enjoy nature, so I guess no matter how things turn out the original purpose will be preserved

At 9:13am on December 1, 2011, Don Wiff said…

Jack: MIneral, gas, and oil rights for our property I do not know.  We can't afford a lawyer to do the search.  The courthouse woman said I could come in and search the deeds.  Online I search them as far back as I could.  I have to go into the courthouse to search back to 1940.  Is there an easier way?  My father always said the mineral, etc., rights are gone.

At 8:16am on November 30, 2011, Don Wiff said…

Jack:      Thanks.  We have owned 52 acres for seventy or more years in the middle of the Nat'l Forest.  Just wondering if we can get money from natural gas.  No more timber for maybe ten years.

     What is OGM?

Don

 
 
 

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