Replies to This Discussion

Permalink Reply by matthew h mcsparren on May 27, 2010 at 12:25pm

marcellus shale event schuduled for june 9 at venango county technology center in oil city at 10am. to register call 814 677 3152 or mcochran@oilregion.org

Permalink Reply by D K on June 11, 2010 at 3:18pm

Heard that Stone energy is surveying a site in ashland township. Expect to start in September.

Permalink Reply by BG on June 12, 2010 at 2:01am

Do you know where in Ashland Township? Any idea about the lease rates and royalty? Riverbend O&G has already inked a deal for 3K/acre in the area, not sure on the royalty or exact location...

Stone was beating the bushes a couple of months ago and making laughable offers of $200/acre, but are finally coming around to reality and I have heard they offered one land owners group $1500/acre with a higher royalty, but the group turned them down.

Most of the folks that I have been talking with will not sign for less than 3K with a higher royalty. If the royalty comes down, people want some more money up front.

This is just how things started out NE and they are seeing lease payments much higher than ours...I know the formation is not as thick, but it is much shallower and easier to get to from what I have read.

Permalink Reply by matthew h mcsparren on June 13, 2010 at 12:36am

i don't know where in ashland township stone energy is operating, but i heard of a company called D&L energy has applied for a sales point on NFG pipeline behind hirschs meat market, close to the road that turns off to go to high level golf course. seneca resources is leasing in venango county pinegrove township. 500/acre 12.5%/ 5years. anybody know what company and where the drilling permit is in president township venango county ? looks like drilling activity is picking up in are area. hopefully leaseing offers pick up also.

Permalink Reply by matthew h mcsparren on June 13, 2010 at 2:16am

anyone heard of MDS energy from kittanning pa. ?

Permalink Reply by devonian on July 8, 2010 at 7:11am

MDS Energy is run by the son of Snyder Borthers.

Permalink Reply by Veronica English on November 11, 2010 at 4:49pm

Is this the Knapp Oil & Gas

Permalink Reply by DK on June 14, 2010 at 3:34am

The site for Stone energy is at the intersection of Oak Grove and Bus Mong Road

Permalink Reply by be black on June 19, 2010 at 2:05pm

I was offered 1500 an acre 15 % royalty on a top lease. Was wondering how far they can horizontally drill. Also what happens if only part of your property ends up being included in a production unit.

Permalink Reply by matthew h mcsparren on June 20, 2010 at 11:32pm

i have heard of companys drilling 5000 feet hoizontally, but i think the average lateral is 3000 feet. what company made you the offer? it is one of the better offers i have heard in this area, seneca is only offering 500/ 12.5/ 5years.

Permalink Reply by be black on June 21, 2010 at 2:59pm

Matt, The company is homeland energy . BB

Permalink Reply by George on June 24, 2010 at 9:16am

Is there a location to lookup permits and access lease filings? i.e.; online, court house etc. It would be beneficial to see the degree of activity nearby. I know of one neighbor being offered 1,500 acre upfront and 14% .

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