Comment

Comment by Tom Copley on October 1, 2009 at 5:55am

Scott-- Thanks! I am far from being any expert, but have noticed that the signing bonuses being paid in SW Pa are running a lot lower than NE Pa. The drilling companies have a longer term viewpoint than merely the various up and downswings in gas futures prices. It's not like the gas is going anywhere fast until its drilled. What will increase the value of the land to potential suitors the most is to build up the size of your land group. 7,000 more or less contiguous acres, although a lot of work for you to set up, is going to sound much more juicy than 700 and should greatly enhance your leverage. I'm probably not telling you something you don't already know. --Tom

Comment by scott m on October 1, 2009 at 5:22am

Hello Tom, I respect your opinions and value what you bring to this site. With Nat Gas around 4.8 per thousand, almost double what it was 4-6 weeks ago, will this bring out more players and the lease and royality rates that go with that. I am in SW Pa and did put together a land group of about 700 acres, all continuous. Chesapeake has shown alot of interest, but the offer is in my opinion only just OK. Your thoughts please. Thanks, Scott

Comment by Tom Copley on October 1, 2009 at 4:00am

Michael-- Here's a great resource for that! According to the wiki there appears to have been in the neighborhood of 4,000 permits for 2008-2009 in Bradford County. In the lead--Chesapeake Energy with over 2,000 permits.--Tom

Comment by Michael Antrim on October 1, 2009 at 3:40am

How do you get information on well permits and where they are located at. i heard Bradford county has had alot of permits requested.
thanks

Comment by Tom Copley on September 26, 2009 at 4:26am

There is also a link through to the DEP list of chemicals Rita mentions at the bottom of the wiki page on hydro-fracturing.

Comment by Rita McConnell on September 26, 2009 at 4:08am

Keep in mind, you can find out what the chemicals themselves are already, on DEPs website, the River Reporters Web site and in the DOE Shale primer thats posted on this site as well as others (pages 62 and 63). What Range and Chesapeake are looking for here is for services companies to release their specific recipes for frac fluids.