Replies to This Discussion

Permalink Reply by Keith Mauck (Site Publisher) on October 18, 2013 at 2:34am

Pennsylvania-Lycoming County

08/08/2013

20.00%

$0.00

1 year

241.60

Permalink Reply by John Capwell on July 15, 2014 at 9:22am

Get your neighbors together, form a group and ask for 21% and research addendums. Get an attorney. 1500 may be their offer but the royalty money is where you make your money and the tax rate is lower.

Permalink Reply by Chris King on August 26, 2015 at 12:07pm

Inflection is offering $600 and 15%.  I have 17 acres.  Should I take it?  The Landman whore says they don't negotiate.

Permalink Reply by John Capwell on August 26, 2015 at 1:21pm

17 acres is not an incentive for them to negotiate. However if you get your neighbors involved and you amass 100s of acres then the balance changes. Also your protection through addendums increases. At the current price for natural gas it is a company market unless you form a group. The group puts landowners in the drivers seat. Deduction language and environmental language in the lease is essential for your protection. Speaking from experience here.

Permalink Reply by Chris King on August 27, 2015 at 12:52am

Thanks.  There are two plots above me total about 150 acres but a bunch of us little guys in between.  Last I heard, the one guy above me was in negotiations on his 85 acres.  If us little guys formed a group, we'd be hard-pressed to get much more than 100 acres between us and I bet a lot of them already signed.

Permalink Reply by John Capwell on August 27, 2015 at 1:07am

Talk to the guy with 150 acres. He will do better if all of you join forces. The landman will try to divide you and get a better deal but as a unified group, you are in the drivers seat.

Permalink Reply by Eric Budd on August 31, 2015 at 7:22am

Landman whore?  That's nice...

Have you seen the price of gas on leidy?  I'm surprised they're offering you anything.  Haven't seen much in the way of new drilling in Lycoming in quite some time.  

Permalink Reply by Chris King on August 31, 2015 at 12:03pm

Here's a report from a nearby well---over $6 million in 284 days of production.

Totals for Entire BUSH HILL BENNETT 2 Well-Pad:
	click for graphs
Gas production:	2,228,204 MCF (up to Jun 30th, 2015 [DEP data date: 8/29/2015])
Dollar value:	$ 6,016,150.80   (ATW $ 2.70 per MCF)
Estimated Royalties:	$ 752,018.85   (@ 12.5%)
Avg Per Day Production:	7,846 Mcf  |  $ 21,183.63 ATW dollars
Total Production Days:	284
Liquid Waste:	127,638 Gallons (3,039 Bbls)
Site Inspections:	18 inspections
Violations Cited:	3 violations
	Production reporting through: Jun 30th, 2015 [DEP data date: 8/29/2015]

Permalink Reply by Eric Budd on September 1, 2015 at 4:21am

That's great, but gas isn't $2.70 on leidy. Take 60-70 cents off for transportation and what do you have left?

Permalink Reply by scs570 on September 7, 2015 at 8:06am

I'm curious where you located? They've had some good as well as some not great wells.

Along the lines of what others are mentioning about pricing, I've heard that Inflections realizations (prices) are particularly bad.

However, they paid richly ($3k/ac, no disturbance) for the PA Game Commission's game farm at Slabtown.

Permalink Reply by Chris King on December 4, 2015 at 5:54am

I'm near the Hensler well site in Hepburn Township.  6 wells are planned for that site.

I just read that Talisman is paying $1500/15% in Bradford County.

Permalink Reply by Red Ridge on January 11, 2016 at 11:46pm

Hi scs570,

    Am curious, around when ( mth / yr ) did they sign for the 3k / acre on the Slabtown acreage ?

Thanks in advance

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