Replies to This Discussion

Permalink Reply by Kyle Nuttall on July 29, 2015 at 8:07am

There's a little activity in Marshall.  I haven't run across someone with a lease from Tug Hill, yet.  I'd keep my eyes out for Southwestern, EQT, Chevron, and Stone.  There may be a couple others.

Permalink Reply by Melissa Chambers on July 29, 2015 at 9:11am

heard from Stone and Chevron....conservative offers.  just from the media (which I question) the offers are seriously low.

Permalink Reply by Tim Tarr on July 29, 2015 at 8:30pm

Melissa,
Under current pricing (Natural gas) and lack of infrastructure, offers will be "conservative". Now in a few years things should get better. The big question is are most acres HBP around you? If you are in an area mostly HBP'ed offers may not get better. Mostly a question of price of natural gas. $4 an Mcf will get things moving again. Below that not much will occur. Unless they need you to lock up others!

Permalink Reply by S S C on July 30, 2015 at 1:45am

Southwestern took their option to re up my lease in January.

Permalink Reply by Melissa Chambers on July 31, 2015 at 4:38am

Have a sizeable parcel in the Marshall County area, not HBP as well as surrounding neighbors.  I am not living on the parcel, so I don't have a good communication with neighbors.  But I may reach out to Southwestern to see if any interest.  Thanks for the info!

Permalink Reply by PETE on August 3, 2015 at 10:23am

I turned down tug hill a couple of months ago Melissa just for the Utica the offer was 4300 per acre @ 18% -- something big is in the wind in the near future

Permalink Reply by Melissa Chambers on August 3, 2015 at 12:40pm

thanks Pete....that's the biggest concern....timing!  Don't know whether to accept at this point in time or wait.  It's all in the game I guess.

Permalink Reply by Tim Tarr on August 4, 2015 at 5:55am

Pete,
18%/4300 acre for Utica only. I think you'll regret not taking that offer. Of course "The Devil is in the details". You must get Competent legal advice. $1000 in fees now will pay off later.

Permalink Reply by S S C on August 4, 2015 at 6:54am

Why do you say that? Didnt the group from wheeling which included owners from marshall county get 6 or 7000 for the utica last year?

Permalink Reply by PETE on August 4, 2015 at 7:02am

That was a little over 6 and was for Marcellus and the utica

Permalink Reply by S S C on August 4, 2015 at 7:04am

What did they pay for the utica alone? I know some people were just selling the utica. I thought ti brought more than the marcellus.

Permalink Reply by PETE on August 4, 2015 at 7:07am

Tim Tarr ,the group had all the legal advice from the area--might have been a good lease if you didn`t own the surface too--I can read just fine myself

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