What's going on in your area?? any info???

Just curious...

     I am in Liberty township and a few months ago got an offer to buy my royalties for 1500 to 1800 per acre, but they would do a more in-depth look if I was serious which "mite change the numbers" slightly....even tho I am not drilled or receiving any royalties ..talked to a landsman rite b4 I contacted them and he advised caution as there will be "significant" activity in my area in the "near future"....how about it, anybody else get an offer or hear anything or see any activity here in Tioga Co. ?

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Replies to This Discussion

Permalink Reply by paleface on August 18, 2013 at 12:47pm

 The Watkins 820 unit is supposed to be the next Utica/TBR well after Neals to be drilled than Showalter 822.

Permalink Reply by paleface on August 18, 2013 at 3:03pm

 If the Costanza sight is a existing Marcellus well pad its possible,but Idon't know that just guessing.There supposed to go down the ridge towards Middlebury along RT49. drilling the existing Marcellus pads.

Permalink Reply by Mr. Bluebird on August 19, 2013 at 10:13am

Paleface,

I think Jim and I have the same question.  Are they extending (deeper) the existing Marcellus wells ? I thought those wells had production casing installed and a relatively small wellbore. Or are they simply using the existing Marcellus pad to drill a new well from the surface ?

Permalink Reply by paleface on August 19, 2013 at 11:28am

Drilling new wells on the same pad.

Permalink Reply by Mr. Bluebird on August 21, 2013 at 2:32am

Pad construction is a relatively cheap part of the costs of a deep, TBR/U well and there is still a lot of acreage that isn't HBP.


Wouldn't it make more sense for them to construct new TBR/U pads in undeveloped areas so they could tie up more land ?

Permalink Reply by Brian Day on August 21, 2013 at 2:46am

I think most of the land in that particular region is already HBP.  What IS happening at the Neil or Watkins pad right now?  Has rig arrived and started drilling?

Permalink Reply by Mr. Bluebird on August 21, 2013 at 3:01am

I think there is still a decent amount of land not HBP.   In the other thread, Paleface said "Shell has its focus from RT249 north and west out to Westfield there trying to get those people signed"

According to the Baker Hughes Rig Count site (below) , there isn't a rig there yet.

http://gis.bakerhughesdirect.com/RigCounts/default2.aspx

Permalink Reply by paleface on August 21, 2013 at 5:02am

 Yeah Brian there drilling away at Neals.

Permalink Reply by paleface on August 21, 2013 at 5:08am

 Bluebird they are still testing the perimiters so it would make more sense to drill existing pads so if they don't hit the exspences are lower.just the way I see it.

Permalink Reply by Ann Ticopa on August 21, 2013 at 5:24am

If people are willing to (re)sign for $300/acre, the cost is trivial. 

Even at $2000/acre, the bonus was a small cost.  Say an average  Marcellus well covers 90 acres.  The bonus was 3.6% of a $5M well cost.

  

Permalink Reply by David.M.Fackleman on August 30, 2013 at 2:09am

paleface, do you mean Costanzo....on Davis Hill Road?

Permalink Reply by David.M.Fackleman on August 30, 2013 at 2:10am

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