Jed Clampett
  • Male
  • Corry, PA
  • United States
  • Landowner

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Positive news for the Shell Cracker in PA

Started this discussion. Last reply by Joseph-Ohio Jul 1, 2015. 36 Replies

A couple of positive steps for the cracker.Land purchase as CLOSED they own the Horsehead land PLUS additional land:…Continue

Shell Buying and addition to REX deal

Started Aug 14, 2014 0 Replies

"The energy giant announced Thursday that it is selling drilling rights to mature gas producing areas in Wyoming and Louisiana in separate deals in exchange for $2.1 billion in cash and 155,000 acres…Continue

Tags: Tioga, Potter, PA, Shell

Freeport-McMoRan sold its entire portfolio of Eagle Ford Shale assets

Started this discussion. Last reply by 0i7okn54zwbdo May 8, 2014. 1 Reply

Looks like the Utica is not the only shale play companies are running away from...…Continue

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Jed Clampett replied to Jim Litwinowicz's discussion 'Pin Oak buys SWEPI acreage in Mercer, Venango, and Crawford Counties,'
"Is not SWEPI the exploration division of Shell, and they ARE building a cracker in the area, so why would they sell of acerage?  Seems they could just sit on it for decades also until needed for their cracker.  They SWEPI seems to have…"
Apr 25, 2019

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At 11:27am on April 26, 2013, uncle sye said…

Hello Jed, and thanks for the reply. That was the same theory that I had, but I wanted to see what others thought of this. Not sure how true this is, but I was told a test well will be drilled sometime in 2014 not far from Blue Eye Road and Baker Hill/ Ridge Road area. Again, not sure how truthful it is, but that is what what said. I figure with 50 acres, they can';t just pass me up and leave me out or go around, they will sign us eventually. I wasnt so concerned with the ammount of the bonus money, but the lack of good "language" in the lease. Don't get me wrong, I would like to get more than 1500/acre and 15% royalties, but the language in the lease needs to be a little better in my opinion. Pugh Clause, no deductions, pipelies, etc...

Jed, what do you think of the people trying to market the land in Columbus Twp...Rapid Realty I believe is their name, sounds like a bad deal to me..they get a hefty part of your bonus and I believe any royalties over 15%. I wont be signing up..


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