Replies to This Discussion

Permalink Reply by George Roberts on July 23, 2013 at 8:40am

I received a royalty check on the noss unit yesterday.  The date of sale of gas was August 2012 and September 2012. No explanation how they came to the figure.  The number it said to call for information tells you a return call will come in 2 days.  Has anyone else got a check or know why it took almost a year to get this check.

 

 

Permalink Reply by Gary on July 24, 2013 at 12:03am

George does your lease say how long they have before they pay you after the sale??

Permalink Reply by George Roberts on July 24, 2013 at 8:50am

No I see no mention of it for royalties. The only time mentioned is 90 days after I signed I would get that check. 

Permalink Reply by Gary on January 11, 2014 at 2:44pm

Any thing going on at the Noss pad?

Permalink Reply by Gary on September 14, 2014 at 1:07pm

Looks like RRC has applied for a permit to put the Noss well in an inactive status.

Permalink Reply by Todd on September 14, 2014 at 1:35pm

Gary/all,

How close does the Mariner West pipeline come to the Noss pad? It has to be pretty darn close.

Permalink Reply by Brad on September 14, 2014 at 1:51pm

Todd. I know the area fairly well I would have to say around 1/2 mile 3/4 mile topps.

Permalink Reply by Todd on September 14, 2014 at 2:14pm

Brad,
Ok - I knew it had to be based on where that pipeline crosses Clinton Frankfort Rd.
That Mariner West pipeline is a "purity ethane" pipeline -- so, there's no way to connect it with heavier "unpure" liquids from the Noss well.
http://www.sec.gov/Archives/edgar/data/1166036/000110465911053364/a...
I'm guessing that RRC is waiting for the construction of the Hillman natural gas processing plant to be located in or close to the village of Florence, PA. According to my contact at ETP, that plant will separate the heavier, longer chain hydrocarbon liquids and then send the remaining natural gas (1000 - 1100 BTU) west via the 36" Hillman lateral (gathering pipeline) to two dual 42" pipelines called the Rover pipeline.

Permalink Reply by Brad on September 14, 2014 at 2:36pm

Yea I was hoping to see production numbers from that well since I'm probably within 3 miles.And not much more going on in Beaver County that close.

Permalink Reply by Todd on September 14, 2014 at 3:36pm

Brad,
No worries - there's good reason that ETP is building that Hillman plant near the Beaver/Wash county line!

Permalink Reply by craig on September 14, 2014 at 5:25pm

My understanding is that the royalties were for the product (a liquid he says) they trucked out of there back then.

Permalink Reply by Todd on September 15, 2014 at 5:51am

Craig & George,
Great point -- so, those barrels of condensate reported to the state were no typo. Yes, the fact that they are trucking liquids off now makes it all the more important how we negotiate how our royalties are calculated (post production costs) prior to point of sale.

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