"Earl, do you know the target formations of these wells?
The reason I ask is all the Marcellus wells that I have seen plats for, drill to the NW and SE; I have not seen an exception to this, so it is interesting that they may be trying a new…"
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Bullfrex
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- Freeville, NY
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Bullfrex replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA"The E&P subsidiary of NFG (National Fuel Gas) is Seneca Resources, which has been active in Tioga Co. with PA State Lands leased years ago.
SWN is a different entity altogether and not associated with NFG."
Bullfrex replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA"Thank you paleface!"
Bullfrex replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA"paleface,
I am curious about your statement regarding Shell's maintenance on existing wells. What actions should a producer be taking to keep the wells from falling off in production? Are there specific things that others do, that Shell did…"
Bullfrex replied to George Aubrey's discussion 'covid 19'"Just imagine that YOU were the one making the hard choices when the pandemic first began.
Pick a country, any one of the European countries, or the US, or Canada.
Be honest and don't rely on your current hindsight information and data to make…"
Bullfrex replied to Bob Perkins's discussion 'Pandemic rocks Permian Basin as wells, rigs idled and workers laid off By Jens Gould'"As I understand it, the May contract pricing kicks in tomorrow. That forward metric is at $22/bbl?, so this low price today, actually a NEGATIVE price at close today, will jump tomorrow.
In any event, all things came together for a perfect storm the…"
Bullfrex replied to George Aubrey's discussion 'covid 19'"The conspiracy theorists are having fun with this one, so many choices, so little time. Is it a true 'pandemic' naturally occurring in Nature, or a manmade 'terror' unleashed on the world's population by some unscrupulous…"
Bullfrex replied to shakeshale's discussion 'Oil and Gas The Party’s Over'"I read some interesting commentary on the oil price fiasco in recent days. The gist of it is this; depressed oil pricing will cause all Oil producers to cut back on E&P, including those in the Permian Basin. Why is this relevant to NG prices?…"
Bullfrex replied to Lori Huber's discussion 'Curious and Looking For Experiences With Shut Ins'"Adding to all of the valid points raised in this discussion, I have recollection of conversations alluding to the Shut-in provision and how that adversely affects the total EUR of some/most shale wells. IIRC, once a shut-in well is brought back…"
Bullfrex replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'"I hear you, Grandad! But as I continually remind myself and others in my age group...getting old beats the alternative!!"
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…"
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…"
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…"
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…"
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…"
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)
- 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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