"I suspect that those wells were never drilled horizontally, and Seneca now has new wells permitted on that pad which will be longer and with a slightly different orientation. So this isn't unexpected or bad news."
"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…"
"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…"
"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…"
"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…"
"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…"
"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…"
"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…"
"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…"
"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…"
"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."
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 firstname.lastname@example.org if you'd like to discuss further.
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
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.
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 ]