Comment

Comment by AT on October 10, 2011 at 8:46pm

Scott, Where is Bargar Road? Part of my property is approximately 2.5 miles due east of the Buell well.

Comment by scott jackovitch on October 10, 2011 at 8:08pm

Finnbear,  I am not part of any producing drilling unit. I recieved the letter on Saturday and to my knowledge some of my bordering neighbors recieved one also. My property is on Bargar rd in Archer twp probably 1.5 to 2 miles from the Buell well as the crow flies. I asked him if he was interested in a piece of property I have in Stock twp and he said if it was in the eastern half of Stock he would be. I thought that was interesting but he didn't explain his reason. It is my feeling that they are aware we are in a hot area and are wanting to get their fingers in the cookie jar as cheap as they can. He stated several times that if I didn't want to sell the rights to all the acreage he would take whatever I would sell.  Robert and Valorie I am suspicious and curious at the same time. What do you guy's think is going on ?

Comment by Robert and Valorie Fulton on October 10, 2011 at 6:53pm

Scott, we got a letter from Principle Energy about buying our Royalty Conveyances. I guess if you need money NOW it would be ok. BUT, I am suspicious. It is a gamble. We didn't bother to call to get their offer. It would be money NOW, but it may be a pittance compared to what you will get when and if they drill under your property. This is the first we have heard of Royalty Conveyance! Makes me VERY suspicious.

 

Comment by Finnbear on October 10, 2011 at 6:52pm

scott,

Are you part of a drilling unit that is already in production?

Comment by scott jackovitch on October 10, 2011 at 6:29pm

I have been contacted by Pinnacle energy concerning selling them my royalty percentage. They are wanting to purchase all or some of the acreage for a 5 year term . I thought the offer was ridiculously low. Have any of you been contacted by them ?

 

Comment by Shower Bath on October 6, 2011 at 12:57pm

Some interesting reading if you have the time. And it's good to see Kelly surface again.

http://blogs.forbes.com/christopherhelman/

Randy

Comment by JT on October 6, 2011 at 6:31am

Wonder how long it will take for the offers to reach this amount in Harrison and Carroll county...

Kenneth L. Balliet, a forestry and business management educator with the Penn  State Cooperative Extension, recently took a trip to Fort Worth to see the  economic impacts of those deposits. He said leases are being signed for $18,000  per acre in areas where production has proven strong.


Read more: http://www.timesleader.com/news/hottopics/shale#ixzz1ZzpTtsL0

 

Comment by rob on October 5, 2011 at 12:31pm

B careful of kenyon. Lots of calls and offers but paperwork to review never shows up in the mail.

Comment by scott jackovitch on October 5, 2011 at 6:33am

Thanks Dan.

Comment by Kathleen Dawson on October 4, 2011 at 7:10pm

Would like to hear from anyone who had dealings with a Mark Young from Kenyon, supposedly in charge of German Township Area.

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