"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…"
"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…"
"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.…"
"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…"
"Remember that Shell inherited an incomplete unit layout from East that was designed primarily to hold acreage, then as optimal lateral lengths increased had to modify their own plans while working around the earlier Shell and East units. I…"
"Looks like the Headwaters 143 wells were permitted for laterals closer to 7,000' long. The summary I was looking at originally was either wrong, or the wells weren't drilled to the full permitted length. Either way, there's not much…"
"There is no Headwaters 143 3HU - the two wells they brought on line there back in August 2017 are the 4HU and 5 HU. Each produced 10 to 12,000 mcf/day steadily for the first 6 months. So I don't think they suggest any "fade"…"
"If you look at the DEP data for 2017 and 2018 you'll see that JKLM spudded 27 Potter County Utica wells during that period, while PGE spudded one. Nobody else did anything, not even a completion of a previously drilled well. I…"
"Remember that the #2 lateral was permitted to roughly twice the length of #1. That means that the second well will be draining twice the area. So unless production is double what #1 made, the royalties paid per acre actually drained…"
"Shell's acreage position by the Plumber location is about as good as any they have in that area - they could drill laterals 7,500' long in both directions from that site. And the Sharretts well was one of the best they drilled in that era…"
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 ]