Replies to This Discussion

Permalink Reply by JR on December 6, 2012 at 2:49am

I'm told CONSOL and Carizzo are leasing just north of Stone Creek in Angel Valley.  

Permalink Reply by ljmi on December 9, 2012 at 4:00am

Are they leasing together or seperately. Do you know what township is Angel Valley?

 

Permalink Reply by JR on December 9, 2012 at 4:26am

It appears to be Jefferson TWP, if not Auburn, but I'm pretty sure it's Jefferson.  It's my understanding they're leasing separately.  Much of that area is HBP, and I'm told Carizzo is offering a small amount per acre bonus money to renegotiate HBP leases, but no extra royalty percentage.  Consol is not offering up front money but a little boost in royalties.  Anyone on here with first-hand knowledge want to help verify what I just said?  Thanks

Permalink Reply by jonathan M. on December 9, 2012 at 5:02am

Jr,

Carrizo is paying small bonus to renegotiate hbp leases? Who did Carrizo purchase these hbp leases from?

Thanks

Permalink Reply by JR on December 9, 2012 at 5:08am

That's what I'm told.  Sorry, I live away and a local neighbor filled me in.  The number was $750/acre to renegotiate.  No increase in royalties.  I'm not sure who they bought HBP from.

Permalink Reply by jonathan M. on December 9, 2012 at 5:16am

Thanks, 750 might sound small compared to lease bonus payments being offered but its much more than most hbp leases received which is $0. I commend Carrizo for doing this as they have no obligation to do so.

Permalink Reply by JR on December 9, 2012 at 5:42am

I agree.  Though, I'd take a royalty increase over a small bonus with no royalty increase.  But that's just me.  It may serve someone else better to have the cash up front.  I'm encouraged to see continued activity in the area.  Good luck!

Permalink Reply by ljmi on December 17, 2012 at 7:03am

Anyone has any more updates either on the Beachy well or the Troyer well. Last thing I heard the Troyer well was turned on line anyone know any production information on that well.

Permalink Reply by ljmi on January 4, 2013 at 11:27am

Anyone have any more information on the Beachy or the Troyer well.

 

Permalink Reply by Paul Martinelli on January 17, 2013 at 10:10am

none....just the   CNX   TUSC 3A well....from the Eclipse Dec presentation:

 

 

IP RATE (BOE/d): 400     

% Liquids:  100%

Permalink Reply by JR on January 15, 2013 at 9:28am

I'm told they're supposed to frack Beachy today. Not sure if it happened but keep us posted out there!

Permalink Reply by Mark A Miller on January 15, 2013 at 10:48am

They are pumping water into the holding pond at the Beachy well from Troyer's pond right now, but have not started fracking yet, They haven't moved any equipment in yet from what I can see.

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