Bullfrex
  • Male
  • Freeville, NY
  • United States
  • Landowner
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Latest Activity

Bullfrex replied to farmgas's discussion 'Accounting Impairment'
"farmgas, this might be just an internal maneuver to defer tax obligations. In the long run, it doesn't seem to be a healthy practice, more of a 'keep the place running' strategy. I would think they certainly could do it again, but…"
Feb 4
Bullfrex replied to Ron Hale's discussion 'Encino 1099 Exceeds Actual Royalty Paid'
"My question, is Encino trying to take their 'tax deduction(s)' early by assigning as income the deductions from Royalties paid, thereby lessening their income and shifting more to the landowner? Good advice Joe...your CPA/Accountant should…"
Feb 4
Bullfrex replied to farmgas's discussion 'Accounting Impairment'
"I would not think 'dead' would be an apt description, but certainly worth less after the impairment charge. Carrying these less valuable assets does not mean they need to be sold off, as we know a real $$ loss only will happen once the…"
Feb 3
Bullfrex replied to farmgas's discussion 'Accounting Impairment'
"First, a disclaimer...I am not an accountant. Having cleared that up, it has been explained to me that E&P's will 'devalue' the asset on their balance sheets and P&L statements, most likely to gain a tax advantage. It was…"
Feb 2
Bullfrex replied to Ken Gibbs's discussion 'Repsol'
"Ken, it is indeed fortunate that you have signed with a quality outfit. We too are fortunate to be signed with another quality E&P, that outfit being Shell Western (SWEPI). Where are you located to be signed by Repsol? My nephew sub-contracts as…"
Feb 2
Bullfrex replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Tier 1-sweet spot(s) Tier 2-anything outside the sweet spot(s) LOL!! Damned if I know...where is OT when ya need him? Question--how many sweet spots are in the Southern Tier of NYS? And it looks like they will stay unproduced for the foreseeable…"
Jan 22
Bullfrex replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"The current round of Democrat hopefuls for the White House is mainly populated by "leave it in the ground types". While we are suffering through a 'bust' in the NG cycle...imagine what would happen if one of the Democrat hopefuls…"
Jan 22
Bullfrex replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"My question regarding Tier 1 spots...are they more profitable wells because of the sheer volume they produce? I guess E&P's have to produce to maintain some cash flow, but isn't producing your 'best acreage' in this price…"
Jan 22
Bullfrex and GotGas are now friends
Jan 16
Bullfrex replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'
"I must be dumb...I thought Methane was the main ingredient in 'dry gas'. Does that mean they can only produce oil or NGLs? Pardon my ignorance, but I don't understand "specifies NO methane gas extraction"..."
Jan 1
Bullfrex replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
"Boom or Bust...been this way for many years...many cycles. No reason to think this will be any different than the past, although I can see the 'lows' lasting longer this time. Count yourself blessed if you have been drilled since the last…"
Dec 31, 2019
Bullfrex replied to OhHenree's discussion 'Have NY landowners given up all hope?'
"Another interesting(?) twist in NYS...municipalities can ban frac'ing in their township, but they cannot ban the placement of a wind turbine farm within their boundaries.  A case in the Southern Tier just received a ruling against the town…"
Dec 19, 2019
Bullfrex replied to Keith Mauck (Site Publisher)'s discussion 'New Forum Rule - Replies must be on topic'
"A nice addition to the rules of the forum...sadly, it was necessary, as I think some here (myself included) were losing interest. Kudos for the change!! Thank You Keith!"
Dec 19, 2019
Bullfrex replied to david john yosko's discussion 'any new news'
"Pretty sure the NG price, both current and projected, will keep things quiet for quite a while. Leasing, both new and renewals, will be under extreme scrutiny by the E&Ps to be able to show a positive ROI in this low price environment. Not to…"
Dec 18, 2019
Bullfrex replied to Foster Lytle's discussion 'Additional drilling on units already drilled'
"It happens here in North Central Tioga Co., PA. I would suppose there are many factors in the decision, not the least of which is the output and profitability of the initial wells. In our area, there were Initially two wells on a pad, drilled…"
Dec 12, 2019
Bullfrex replied to Keith Mauck (Site Publisher)'s discussion 'Appalachia's shale region is reshaping American energy'
"IMO, there are several reasons why activity is so low right now.... The wild west days of leasing are over, and the players have enough acreage to develop without new leaseholds. Producers are now developing that leased acreage with the best chance…"
Dec 2, 2019

Profile Information

Introduce Yourself
East has been attempting to get us to sign an addendum to the existing lease, to include the Marcellus Shale rights, with NO offer of any additional lease payment. We have refused.
What is your role?
Landowner
Which state(s) are you following?
Pennsylvania
What shale plays do you follow?
Marcellus, Utica

Comment Wall (7 comments)

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At 11:42am on June 18, 2018, Marci Feustel said…

EQT got in touch with us.  They are leasing the families 88 acres they offered us $3,500 a acre and 15 percent royalaties.  We sent the offer to are lawyer.  Any thoughts on this?  Thank you.

At 8:14pm on May 29, 2018, Marci Feustel said…

I got in touch with the property owners next to us.  They signed a lease with E.Q.T.  Should we contact that company?  Thank you.

At 12:27pm on May 21, 2018, Marci Feustel said…

I tried to send you the letter I couldn't.  The company emailed us telling us if we didn't take their offer we would have a hard time selling because they monopolize the area.

At 12:21pm on May 21, 2018, Marci Feustel said…

The gas company we turned downed sent us this email today.  They offered $5,000 outright to buy.  What are your thoughts?  Thank you.

At 11:22am on March 3, 2018, william george allison said…

bullfrex I'm not real good at math but I would think 16% with no deductions would be better for when the well starts to drop off after a year or so .with 18% with deductions it hard to tell what the deductions would be I probably would owe them lol  ps  I value your opinion thank you   BILL

At 2:41pm on March 2, 2018, william george allison said…

bullfrex I have another dumb question lol. I just got a letter they want to lease my land at my house .in your opinion would it be better to go 18% with deductions or gross royalty at well head at 16% with no deductions its only for couple acres thank you sir 

At 3:36pm on March 1, 2018, william george allison said…

bullfrex I have a question after fracing for two months there is a small rig setup now would that be to drill out the plugs in the perf and plug method in the production phase ? thank you bill

 
 
 

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