Replies to This Discussion

Permalink Reply by Ann Ticopa on July 28, 2011 at 8:01pm

No, things are really slow in NE TC now so it's probably not the right time.  And it's still unsettled (at least to the public) how SWEPI and Talisman will end up dividing the old East/Fortuna mutual interests. If I wanted to lease soon, I'd probably contact Elexco (Talisman) first because the last lease they offered had better nonfinancial terms. 

 

SWEPI is moving right along with their connector to the Tioga County Extension (TCE) of the Empire Pipeline.  Talisman has had E&S Permits for portions of their connector for a while,  but don't know how it's going.  The TCE is scheduled to go into service at the end of this year.  Since Talisman and SWEPI are the subscribers, they will have to start shipping gas through it.  So in a little over a year, we (the public) should see well production numbers for this area.   Which of course could be good news ... or it could be bad news. 

Permalink Reply by Brian V. on July 29, 2011 at 3:09am

Elexco no longer does work for Talisman in Tioga. I believe they hire a group called Miller Land Professionals to handle Tioga.

 

I think the stall in the northern half of Tioga has a lot to do with NY's three year drilling stall. NY seems to be on track to open up permiting by early 2012.

Permalink Reply by Ann Ticopa on July 29, 2011 at 5:16am

Except for their DCNR and adjoining land, I'm not aware Talisman is doing any drilling in TC.  I do expect them to drill in NY when it opens up; they have pipelines in place and leases to hold.  The last contact I had from an Elexco landman for gas leasing was about a year ago.  For a while, they were also doing the leasing for a (now cancelled) wind farm in TC.  Iirc, I had read that East had transferred their joint venture interest in NY to Talisman. Do you happen to know how much land SWPI does have under lease in NY?

 

 

Permalink Reply by Brian V. on July 29, 2011 at 6:01am

I have know idea where SWEPI stands in NY anymore. I had heard that Talisman or Chesapeake had acquired some old East leases in Chemung and Steuben Counties but have no idea if that is true. Fortuna (Talisman) and East had an AMI that extended into PA but who knows if that is still in place.

Permalink Reply by Ann Ticopa on July 29, 2011 at 7:53am

Around a year ago, approx a dozen single-horizontal well sites in Jackson Twp were transferred from East to Talisman as the operator.  Among the units that Shell "kept" were two 6-well sites just west of Jobs Corners ... which are highly likely to go on the SWEPI gathering line that reached there earlier this week.  (I don't know who currently holds the leases.)

Permalink Reply by jeff k on July 29, 2011 at 1:10pm

They are currently drilling 8 wells off wilson road in covington twp....there for approx. 3 mos. now...applied for new permits for hamilton,liberty,union and ward twps.

Permalink Reply by Ann Ticopa on July 29, 2011 at 3:42pm

According to the DEP Permits spreadsheet for the first 6 months of 2011, Talisman got permits for the 6 Detweiller wells (Covington) and 20 DCNR wells (Ward).  From this and previous records, it appears to me that Talisman is in that area primarily to drill the DCNR land they leased.

 

I was probably wrong when I wrote "adjoining land"; should have been "nearby land".   

Permalink Reply by jeff k on July 30, 2011 at 8:31am

went off of memory....you're right with 6 wells not 8

i can see the rig from my property

Permalink Reply by Lynn Wigglesworth on July 29, 2011 at 1:29am

The landman didn't say much. He didn't know if they would offer a non-surface to me; he says that he personally has only gotten them for properties under 20 acres. And he thought they might offer less bonus for a non-surface. I didn't ask about well testing, but that's a good idea.

 

The part about the bonus is in section 1: " In consideration of the bonus consideration paid, the receipt of which is hereby acknowledged..." The landman said it would be in the form of a "bank draft". That's all I know about it.

Permalink Reply by Ann Ticopa on July 29, 2011 at 3:56am

Thank you..  That's the info I wanted, but not what I wanted to hear.

Permalink Reply by JOE REDDING on July 29, 2011 at 3:57am

Lynn;  In responce to your thinking that the bank draft is instant money, IT IS A 90 DAY DRAFT AND HAS TO BE DEPOSITED IN YOUR BANK, THEN FORWARDED TO SHELL'S BANK BY YOUR BANK, AND  SHELL HAS 90 DAYS TO DO THE 105 YEAR SEARCH OF YOUR DEED, AND WHEN ALL IS OK THEN AND ONLY THEN WILL YOUR BANK GET THE OK TO RELEASE THE MONEY TO YOU. Thats the deal i'm in right now waiting for the approvel of the draft, it's been 45 days. as far as addenda on non surface goes as i said before they will offer some. My property is all but 30 acres in chatham twns. and a non surface.

Permalink Reply by Lynn Wigglesworth on July 29, 2011 at 4:15am

Joe; thanks! They expect me to sign the permission for the 3D Seismic at the time I sign the lease.  Can Shell change their mind and not release the money for reasons other than a deed problem? My neighbors dealt with East waiting 90 days then voiding the leases they signed...I don't want to give Shell the opportunity to get their 3D info then do that to me. I have to open my property for their survey, but if they can still decide not to pay me, they aren't putting up anything upfront. Am I paranoid? Yeah, a bit, dealing with gas companies.

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