"Guys there is no conspiracy. Most operaters simply never make money in the Utica and Marcellus. Only the best operators can make it long term hence why so many outfits have gone bankrupt or selling assets at fire sale prices.
You really need NG to…"
"These Utica wells are awfully expensive so you need i/p's above 5-6 Mmf/d to continue exploring. Ultimately wells are judged on EUR but its a good sign that a well is generating that in an area with a history of marginal wells.
"I would take those statements from CNX with a grain of sand. Would you expect them to tell their shareholders that effectively thousands of leasehold acres will no longer be explored for? Would probably ding their market cap a bit.
"I think all of these counties offer "potential". Problem is they don't offer near as much potential as the core areas. Another issue hurting the demand for drilling these areas is most of the acreage is already held by shallow…"
"Once the well has first sales it can take as long as 6 months to receive your first check depending on the operator. Only way checks are coming in a few weeks is if division orders have been received and the well has been producing at least since…"
"Until the demand for gas significantly increased then anything not considered core areas will be abandoned. There's definitely gas there but it doesn't matter when 25-30 MMCF WELLS ARE COMING ONLINE."
"Do not do anything until you have found an oil and gas attorney to work with Chief. You have way too much acreage to work with them directly. An oil and gas attorney will get you the highest royalty and bonus Chief will pay. Could amount to the…"
"Consolidation of operators in PA, OH through M&A and Bankruptcy has lowered demand for leasing. There are many entities out there still willing to lease your interest but are too small to drill. Instead they are looking to…"
"They care much less about the unleased tracts than the shape of the Unit. All of the newer units are very long and skinny to accommodate for the longer laterals being used.
More and more people will be left out or have partial acreage in a unit…"
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 ]