the utica in northwestern pa.
hi everyone;
does anyone know when leasing for the utica will pick up in crawford county pa. pretty quite there.
thank you dave
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Replies to This Discussion
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Permalink Reply by dan jenson on
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The magic question??????My guess "years away"
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Permalink Reply by 0i7okn54zwbdo on
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The issue with Crawford is the thinning out and eventual disappearance of the Point Pleasant.
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Permalink Reply by Robert Alexander on
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Ditto...thought Range would be giving Crawford well updates during 3q report but nada...
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Their Washington County acreage is really strong, so I suspect that's where they'd put all their eggs. Their finances are not so great the last few years, so I wouldn't expect them to stray too far from what they know is their best position, at least in the near term.
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Permalink Reply by Tim Tarr on
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Look at their Report on Oct 14, 2013. Shows SW Pa (Washington County) at 51% HBP. Very next Report on 10-29-2013 (only 2 weeks later) shows projected 93% HBP under current leases (5 years ?) and that other 7% will be resigned to get to 100%.
That's a whole lot of drilling to HBP. Keep in mind no one is saying all this drilling will be Horizontal Wells. A few well placed conventional wells can hold quite a large swath of land.
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Permalink Reply by Robert Alexander on
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I believe they have a couple producing wells in Crawford County and vicinity, had hoped they would report/update the results. Obvious that Crawford not looking too good so far but other drillers may do better going forward.I have 38 acres near East Mead/Richmond Twp. border and have had no leasing inquiries.
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Permalink Reply by Trapper on
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What is Range's position in Venango County? I know they drilled near Dempseytown a couple years ago....not far from Crawford County.....
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Permalink Reply by Char on
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I don't know when, however I just read a promising article in the Erie Times last week... it can be found on the GoErie.com website. I own land just a mile north of the Crawford/Erie county line, and I have been trying to keep up with any info about drilling coming to our area.
here is the heading of the article in the Erie Times:
Published: November 10, 2013 12:01 AM EST
Updated: November 9, 2013 8:44 PM ESTTitusville prospects for business from Utica Shale
(Region Prepares For 2nd Oil Boom)
, Erie Times-News
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McKean County has had 5 more Utica permit applications filed. Chevron, Shell, Enervest, Reliance of India, and others have interests in that area.
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