NC6648
  • Male
  • Morgantown, WV
  • United States
  • Gas Professional
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  • James Foster
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  • Becky Moore
  • Nancy Mosley

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NC6648's Discussions

Antero Resources: Layoffs & Spending Cuts Ahead in 2020

Started this discussion. Last reply by BW_Appalachia on Tuesday. 2 Replies

Antero Resources, one of the biggest Marcellus/Utica drillers (with major operations in West Virginia) released its fourth-quarter and full-year 2019 update yesterday, along with hosting a conference…Continue

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BW_Appalachia replied to NC6648's discussion 'Antero Resources: Layoffs & Spending Cuts Ahead in 2020'
"Not at all.  They have FT commitments that require them to continue drilling and producing.  It's either drill and lose money, or don't drill and owe even more in FT deficiencies."
Tuesday
Dan replied to NC6648's discussion 'Antero Resources: Layoffs & Spending Cuts Ahead in 2020'
"So does 100 extra wells going to market by end of year with lay offs make Antero financially healthy at current NG price?"
Monday
NC6648 added a discussion to the group Penn Land Owners
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EQT & Blue Fossil Energy -Greene County PA (expired CNX Leases)

To landowners/mineral owners in Greene Co, PA CNX will not resign or extend their leases. EQT is trying to offer $1000 an acre on a delay Rental lease. (CROOKED)I did find a company taking leases in the area at a $3XXX.XX or more an acre paid up.Blue Fossil Energy main number is 304.212.5160EQT plans to hold the lease and then pop a leg in the ground to hold the lease. Delay Rental lease is paid each year. If they drill in the second year and hold it, you will not get paid the rest of your…See More
Feb 16
NC6648 and Becky Moore are now friends
Feb 16
NC6648 posted a discussion

Antero Resources: Layoffs & Spending Cuts Ahead in 2020

Antero Resources, one of the biggest Marcellus/Utica drillers (with major operations in West Virginia) released its fourth-quarter and full-year 2019 update yesterday, along with hosting a conference call to discuss what investors can expect for 2020. There are loads of important details to share.Production was up 19% in 2019 over 2018. The company lost $482 million in 4Q19, compared to a $122 million loss in 4Q18. However, $463 million of the loss was an impairment charge (write-down) of…See More
Feb 16
NC6648 replied to FRACIN MY CH4's discussion 'Breaking news: funds drying up mineral flippers ...soon out of work'
"Do you have a link to this article? Thanks"
Feb 16
james milleson and NC6648 are now friends
Feb 11
NC6648 replied to Gary L's discussion 'OHIO Utica Shale 3rd Quarter Production Figures for 2019 Released'
"James, Sent you a request to link up."
Feb 11
NC6648 replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'
"I agree with you RGB. "
Feb 9
NC6648 replied to Jeff Kerr's discussion 'PA Law'
"Jeff, Call the State tax dept in PA and ask if there is a small tax fee for not living in the State. There has been a few companies out there taking fees for royalties with mineral owners signed in a cost fee lease."
Feb 5
NC6648 replied to djefferis's discussion 'How long for title search'
"Exactly, and in what state the "type of title" is being ran in. West Virginia is a lot harder than Pennsylvania."
Feb 4
NC6648 joined Elise's group
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Penn Land Owners

*No Promo Zone. This group is for land owners in Pennsylvania to share information about anything concerning the Marcellus Shale.+ Add a Group DiscussionSee More
Jan 30
NC6648 and James Foster are now friends
Jan 29
NC6648 replied to NC6648's discussion 'Old CNX Gas Leases expiring, EQT and Blue Fossil Energy (Wayne Twp, Greene Co, PA)'
"Thank you for the information. That is probably why they are doing the delay rentals, EQT knows they have that area  Thanks again for your feedback!"
Jan 29
farmgas replied to NC6648's discussion 'Old CNX Gas Leases expiring, EQT and Blue Fossil Energy (Wayne Twp, Greene Co, PA)'
"According to a quick review of marcellusgas.org,  CNX doesn`t have any current pads or wells in Wayne Township.  Rice, now EQT, does however have several pads in place.  This looks like EQT territory."
Jan 29

Profile Information

Introduce Yourself
18 year oil and Gas Professional here to help others out.Mineral Acquisition Agent and Managing Partner of Appalachian Mineral Company, LLC
www.appalachianmc.com
What is your role?
Gas Professional
Website:
http://appalachianmc.com
Which state(s) are you following?
Pennsylvania, West Virginia, Ohio
What shale plays do you follow?
Marcellus, Utica

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