http://breakingenergy.com/2013/05/30/timing-was-off-for-xto-deal-sa...
Nothing specific or short term, but the fact that Exxon is in for the long haul.
Tillerson noted that the XTO deal was predicated on a 30-40 year outlook that sees natural gas growing in importance as part of the global energy mix. The company’sOutlook for Energy: A View to 2040 envisages global demand for gas will grow by 65% between 2010 and 2040, and overtake coal as the world’s second-most widely used source of energy.
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As far as I know, this is just for the folks in Noble County held by a Beck lease transferred to XTO. It may be more than that, I just don't have the information. Invite letters are being sent out. Maybe others will comment.
This case certainly becomes more interesting; can't believe Antero didn't want to jump into the court process, instead they are messing with the void leases;
Soap opera in the oil and gas style! You know the question is:who is in bed with who!
40 miles from Ravenna, Beck's backyard. Here's the boys:
Roland "Butch" Taylor Business Manger | Tim Callion Business Agent |
George Popovich President | Marty Loney Organizer/P.I.P.E. Director JAC Coordinator |
It is obvious why most of the above mentioned are trying to back Beck. If Beck loses, they will lose as well. Most of them are players in the lease by HBP game, so if Beck loses, they have a lot at stake. One precedent set, more to follow.
Now the Pipefitters I don't get it, they must have a brother serving as business agent or some such BS.
Obviously just my opinion, but if I was already involved in a lease that Beck Energy's fingerprints on it already I be inclined to tell anyone who is trying to do something with the lease to come back AFTER the courts are done with whatever suppose to be wrong with them now, and then we'd talk about it.
No point in trying to give legitimacy to a potentially defective lease. Besides, if the courts start tossing leases I might be able to get an even better deal down the road, or at the least not have an "albatross" hanging around my neck.
Bob; Yep, the meeting is still on for tonight. Finger food and sweet talk in 30 minutes. I just spoke with my friends who will be attending and asked for a recap as soon as they can manage. I should get the drift tomorrow.
I have heard (no personal knowledge, total heresay) that some of the Beck leases have been challenged on the basis that the royalty payments have been spotty, at best. Whether they tried to prove a lack of production to be the cause, poor record keeping... fraud....I don't know. Stories of checks magically beginning to show up are everywhere.
So who do you represent, Linda? What are you paying? Are you looking to buy on Beck/XTO leases since this is a discussion about Exxon/XTO/Beck Energy. I am not in Belmont, but curious why you are posting in this thread.
Linda Weaver: If you are pursuing a commercial activity in looking for mineral rights, Please be reminded of GMS policy:
"There is zero tolerance for unauthorized solicitations and spamming in the homepage forum and the Ohio, Pennsylvania and West Virginia Landowner's groups. Personal emails, websites or phone numbers will be assumed to be solicitations in these areas. Permitted sites to post include news, licensed non-profits & government agencies. Additionally, utilization of one's profile photo and/or name to promote a biz is prohibited."
Millwood Township isn't in Belmont county. But you seem super trustworthy.
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