Replies to This Discussion

Permalink Reply by paleface on July 7, 2013 at 10:34am

  Shell is drilling in Chatham township now, a lot of pipeline work is about to start.I heard Shell was working in Texas for a while now there back in Tioga,I think we will all see activity pick up. 

Permalink Reply by JOE REDDING on July 16, 2014 at 8:58am

I just left from watching Watkins 820 wells being drilled and a Penn State crew was on site filming, there were maybe 5 camera crews on site. Any idea why they were filming?

Permalink Reply by Theresa Kolk on July 7, 2013 at 10:46pm

Thanks, guys ! hope to get more replies and I will b posting anything I hear...Jim, thanks ..not gonna sell anything rite now (yes the offer was to buy the rights which are leased til '16)....

Permalink Reply by Jack Young on July 8, 2013 at 3:47am

My guess from talking to people who are potential sellers and buyers is that OGMs in Tioga County are worth somewhere in the range of $1,000 to 2,000/acre right now. Obviously some people believe in figures that are higher or lower, and they won't be making any deals. And there are special situations where there's already a horizontal well or two and significant royalty income coming, so I'm just talking about the generic situations. Across the line to the west in Potter County I've seen sales at $500/acre and lower, and to the east in Bradford County prices are higher in many areas, but in the middle of Tioga County I suspect my estimate is pretty accurate.

The problem, of course, is that production in Tioga County hasn't been very good. And while gas prices have improved a bit over the last year, costs and environmental restrictions have gone up too. It's a gamble buying or selling under current conditions - I'm not completely sure which position will prove to have been the best in the long run.

Permalink Reply by Theresa Kolk on July 8, 2013 at 11:04am

thanks for the input Jack !!  :)

Permalink Reply by Gringo on July 17, 2014 at 1:50pm

Since Delmar is on the back burner, OGM values there are the same as last year. 1 year from now will be the same. Check back in 5-10 years, sad but true. That is for the marcellus, if by chance Delmar turns out prospect for the utica were looking at oh 5-10 years. Sorry to be the bearer of bad news. We can all speed things up by opening all the windows and turning up the heat. I also have OGM's in Delmar. We are still buying at the right price and so are a few others.

Permalink Reply by Becky Moore on January 19, 2018 at 2:15am

Replying to an old post. Are you still buying in Delmar?

Permalink Reply by Gringo on July 16, 2013 at 11:58am

Josie,
If personally purchasing is firsthand the answer is yes. Every property is different, lease terms,location,producing or not,ect.There are parts of the county we have no interest in at all. In 08-10 there were many companies filing deeds, that is all but gone.Jack's figures are the average, as with all real estate location,location,location.
By the way are you still in AZ. It's been a few years since we have talked.

Permalink Reply by 274fe3cm60wnm on July 24, 2013 at 1:22pm

It's all starting again.. only this time people know what they are looking at.  You'll see a Utica Phase.. an upper D phase.. a TBR Phase- all segmented by pipeline construction.. new tech- takeovers.. falling prices- spiking prices--  welcome to the Carousel- up and down.. round and round.  

Permalink Reply by 274fe3cm60wnm on July 24, 2013 at 1:45pm

if I knew exactly--  I'd not be running a paper :)  but Shell Didn't buy North Campus for the view.  I strongly feel that all the county- at one point or another will be produced.  

Permalink Reply by 274fe3cm60wnm on July 24, 2013 at 1:50pm

Penn College- wellsboro Pa..  

Permalink Reply by Gringo on July 24, 2013 at 2:26pm

It fits Shell's M-O, pay lots for little.

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