"Back in June, MDN told you about a long-running lawsuit in Tioga County, PA by landowners who claim that UGI has taken their mineral rights as part of operating the Meeker Storage Field, an underground natural gas storage facility (see Tioga…"
"Many outfits are REQUIRED to hedge production by the Banks that lend them $$$$$ ... The higher the debt ratio the higher amount of production hedged ....
Others like CNX hedge to protect their Free Cash Flow yields ,, the problem with that…"
"Sorry for your continued anger Mr Ladd ... ...... Why would I be angry that you received Royalties ??????? There is a whole lot more to life than being angry day after day ...... Merry Christmas ........ "
"Farmgas , thank you as well ... many of us here in the 'Suburbs' dream of living on 60 acres and being somewhat self sufficient ........ I know its not all 'rosy' out in the Heartland of America , but the American Dream of…"
"Pennsylvania Natural Gas Production Continues Growing at Pre-Pandemic Levels
BY JAMISON COCKLIN
November 30, 2021
Pennsylvania’s unconventional natural gas production grew at pre-pandemic rates through the first nine months of the year…"
"Deb , seems like there was a lot of excitement in your area several years ago .... Best of luck , ..
PS . Never stop learning , as a Full Time Energy Investor , I am reminded everyday how little I actually know and how little I actually…"
"Farmgas , as tier 1 gets used up , you or your kin will likely get a letter one day from an interested party .... I own 4 parcels with rights unfortunately in the Southern Tier of NY ...... The closest one to you is likely in Lindley , SW of Corning…"
"Deb , if your in Tioga , I would consider it borderline tier 2 , the saving grace are the existing pipes in the region that make drilling more feasible....
What is tier 1 ??? Different definitions abound ... here is something to think…"
"The rush for land is over ,,... Those dream days of $5,000 per acre bonuses are over for the most part ... Land that is HBP that is tier 1 will be developed as quickly as possible as drillers want to be as profitable as possible ........I think that…"
"Thanks for your comments Farmgas , it helps me put some of my current thoughts on 'paper'
CNX has a few negatives , one if the huge amount of hadges in place that are way less than todays price and the one year futures curve ..…"
"No announcements have been made ... Anything can happen at anytime ..... RRC made a HUGE mistake several years ago investing heavily in the Deep Pink play in LA ........ . AR had a huge insider sell yesterday ...... EQT is well liked by the…"
"Well Mr Biden announed the release of 50 million barrels of oil today , 32 million to paid back into storage sometime in the future ....
Oil investors responded by driving up share prices of many oilers by 5% today ... The Oil Geek crowd…"
"Seems to be a 7% premium on the deal .. In the 'good ol days ' , premiums often ran at 30% ...GDP ran afoul with their experiance in the Tuscaloosa Shale in LA ... Lot of promise in the play , but drilling was tricky and very…"
"Goodrich Petroleum has entered into a definitive merger agreement pursuant to which a subsidiary of Paloma Partners VI, an affiliate of EnCap Energy Capital Fund XI, will commence a tender offer to acquire all of Goodrich's outstanding common…"
"Again Farmgas , there is no 'reply ' to your latest post ..
In my humble opinion , CNX is the most likely to merge or bought out ...Over the years a company would generally get a 30% premium on the share price for a buyout ...…"
Maybe I mistook Granddad as you. I am still trying to re-read to understand who is who. The father reigned NY for decades, now we are under the diaper. I could not allow myself to use the word “served”, as we were not served; but rather reigned.
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 ]