Replies to This Discussion

Permalink Reply by scs570 on February 20, 2013 at 4:38pm

Resurrecting an old thread here, but anyone with new information on Inflection since they've put some wells in and have been building out infrastructure?

• ▶ Reply

Permalink Reply by Jack Straw on February 20, 2013 at 4:53pm

 

Is it just me, or does it seem like LLC is beginning to stand for “Looks Like a Con”?

They look to be a small entity with limited funds. They do not seem to have very deep pockets.

Please take in account that it costs around $24-$40 million dollars to drill out a four well pad of horizontal wells.

 

Below are what I found via a Google search:

 http://waytogoto.com/wiki/index.php/Inflection_Energy_LLC

http://www.bizjournals.com/denver/news/2012/06/21/inflection-energy...

 http://www.prnewswire.com/news-releases/bregal-energy-completes-add...

 

I would suggest caution.

Good luck Robert

All IMHO,

                    JS

• ▶ Reply

Permalink Reply by Samuel J. Orr on February 21, 2013 at 1:24am

Why people consider signing leases with any company without discoverable deep pockets and the strong financial resources to drill wells is beyond me? Lease with Anandarko, Antero, Gulfport, Shell, XTO, Chevron, and other similar companies listed on the New York Stock exchange. Look at the market capitalization and other financial information readily available. Also look at the stories on  theses companies and there will be many. It's easy. Go to Yahoo.com and click on finance. Then enter the stock symbol for the company in question in upper left hand corner. Forget these other companies a whole number of which are shell companies. Yes there are a number of private companies that have the ability to drill the old style conventional vertical so-called "shallow gas" wells, but they do NOT have the resources to drill these unconventional horizontal wells with perhaps  some very few exceptions of which I am unaware.

• ▶ Reply

Permalink Reply by scs570 on February 21, 2013 at 5:40pm

Thank you both for your thoughts. I'm mainly curious since it seems Inflection is putting together a development project in the Rte. 87 area north of Montoursville and have leased Ryder Park (no surface disturbance), but haven't made many local headlines...

• ▶ Reply

Permalink Reply by Samuel J. Orr on February 24, 2013 at 4:52am

Companies like this lease your land! They have no ability to pay your bonus money and few if any assets. They use the 4 month grace period or "due diligence period" to shop your property to real O&G players. If they are successful, you get paid out of what they get paid from big O&G company bonus money and they keep the difference. So it they lease you for $3500 / acre and assign your lease to big O&G company who pays them $6000 / acre,  they end up keeping $2500 / acre of that $6000 / acre for themselves. Had you not leased to them big O&G would have been happy to pay you the $6000 / acre. If you are dumb enough to do something like this, which is pretty much what a bunch of very foolish landowners from Washington County, Ohio, have done by signing leases with a company called DUX Petroleum LLC, then go ahead and do it. Read the thread "Help Research DUX Petroleum LLC" for a full education!

• ▶ Reply

Permalink Reply by Red Ridge on February 26, 2013 at 7:06am

What i see up rt 87 is a well pad with 3 wells in production ( going to market, everyone driving by that pad saw them connect their pad to the trans-co line ) and a rig is back on that pad drilling at least one more well, likely more. I also see 2 other pads started by this company in the area.

• ▶ Reply

Permalink Reply by scs570 on February 26, 2013 at 2:05pm

Agreed. Just because they're private equity backed doesn't mean they're not an operating company...

I'm familiar with the pad you are speaking of and I know they've leased Ryder park, so I was curious if folks knew of other planned wells, locations of gathering lines, etc. planned going north from their Transco tap.

Cheers

• ▶ Reply

Permalink Reply by Red Ridge on February 26, 2013 at 6:15pm

There is another of their pads in the works about 2  miles North of the first pad. And one about 2 1/2 miles N.N.W..

>>>> Talk to your neighbors.

>>>> Talk to them directly, Give them a call at their main office  >>>>  in Denver.

Or ask for the local office and Landman.

• ▶ Reply

Permalink Reply by scs570 on January 22, 2015 at 4:52pm

Seeing how Inflection has been more active since this thread started, could anyone comment on Inflection unit sizes (acres, number of wells in unit, etc) and any expenses you are seeing deducted from your royalties?

• ▶ Reply