Jack Young
  • Landowner, Gas Professional
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Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Shell bought East assuming that the Marcellus was good all across Tioga and Potter Counties and gas prices would stay strong. If not for their Utica discovery they would have lost everything they spent. As it stands, they haven't made any money…"
Jan 8
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's correct. If you can't profitably develop new gas wells on that acreage, the pipeline network won't do anything for you but move your Marcellus gas from the old wells to market. And Roy is right that the State Forest…"
Jan 8
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 second-hand that they have a preferred bidder, but that no deal has been made yet. The Marshlands package has three sources of value: 1) the leasehold acreage, 2) the existing Marcellus gas production, and 3) the pipeline…"
Jan 8
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 second-hand that they have a preferred bidder, but that no deal has been made yet. The Marshlands package has three sources of value: 1) the leasehold acreage, 2) the existing Marcellus gas production, and 3) the pipeline…"
Jan 8
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"That's correct - I was addressing Old Timer when I defended my comments about the Eclipse acreage position being on the market against his earlier criticism. Perhaps if I had quit posting then you'd all be saying what a great guy I…"
Jan 6
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"You seem awfully determined to show that nobody knows more than you. I just tell it like it is - you're wasting your time looking for mistakes."
Dec 31, 2018
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Everyone in the business knows that the Eclipse position is available. They aren't even taking leases on drillsite acreage right now. (Check the title to their Douglass location - they've got several unleased owners and haven't even…"
Dec 24, 2018
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Because they're Marcellus wells."
Dec 24, 2018
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"But lateral length determines the size of those bills. It's the balance between cost and production/revenue that counts."
Dec 24, 2018
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"13,800' feet of lateral was reported by Eclipse in their press release. That's about twice as long as the typical wells Shell was drilling a couple years ago. And some of the earlier wells went less than 4,000'. So it's hard…"
Dec 23, 2018
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Based on what I've heard those wells aren't likely to be completed until late 2020 or early 2021. Things are likely to be very quiet for a while, hence the request for inactive status."
Dec 23, 2018
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Given the length of the Painter #2 lateral and Eclipse's stated desire to find a buyer for their acreage, yes. Shell has suggested to me that they could have gotten more from some of their wells pretty easily if they'd…"
Dec 23, 2018
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Don't forget to adjust for the length of the laterals. The numbers I've seen suggest that the best four wells in the field (on a per 1,000' of horizontal basis) include JKLM's Sweden Valley 102 3HU. I'm not aware…"
Nov 26, 2018
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"I hate to be blunt and won't debate such an obvious point, but there are no "globalists" manipulating the market. If you study economics sufficiently, you will understand what's happening and won't need to invent a…"
Nov 21, 2018
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Shell has great fear of legal liability, and does everything to a standard that makes their wells the most expensive in the region. We had a shallow joint venture with them in Pennsylvania after the East purchase, and they operate in their own way.…"
Nov 14, 2018
Jack Young replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"I'd heard that Shell has no drilling plans for Tioga County until 2021, so it would make sense to reassign all but a skeleton crew of employees. Their drilling costs are just too high to make even their best wells profitable enough to justify…"
Nov 13, 2018

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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The forgotten men and women of the Canadian energy industry are mad as hell and not taking it anymore. They’re protesting in their trucks and it’s spreading.

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