Fracking your own property

Has anyone given any thought to having an independent company frack their property? I know there are professionals on these discussion sites who can demonstrate the whys and why nots.

I know with a lot of landowners not having their leases renewed maybe they can form their own coalitions to drill and sell their minerals w/o the O/G companies.

This should be viewed as a fun discussion.

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0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on June 7, 2016 at 7:52am

William,

      For those of us who kept our shallow rights, it would be cheaper to have a traditional well drilled. There is oil at less than 1000 feet in this area. Someone told me a long while back about the local Chesapeake well that hit oil at 900 feet, sealed it off and continued to 8000 feet.

The story that you need 40 acres in Ohio to drill a well isn't true. You can drill to 1000 feet on 3 acres. As the depth goes up the number of acres increases. This is spelled out in the Ohio Revised Code.

I think it would be fun to start our own Country, the united states of appalachia. We could have a real democracy for and by the people and laws to protect everyone in our country from theft even if they are just landowners. With Liberty and Justice For all, but really mean it.

Permalink Reply by John Keener on June 7, 2016 at 10:30am

My friend and I wrote a book about states forming a new country. See it on Amazon, The Christian States of America.

Permalink Reply by G.H. on June 7, 2016 at 10:02am

Why nots: Money.  End of discussion.

If you've got millions of dollars to dump into it, have a field day.

Permalink Reply by william on June 7, 2016 at 10:14am

Yes, millions no doubt. Roughly there have been numbers thrown around as to how many millions.

I have heard $10 million initially but then I heard it was around $6million.

The average land owner does not have that type of scratch to invest in my opinion. Nevertheless, there are investors who may want a piece of the action. Maybe for a percentage of the royalty or a percent on return.They may be willing to finance the well. 

The reason I started this discussion was to hear from any "experts" who actually know about what it requires to frack a well. As the technology becomes more available to drillers there might be opportunity for the individual to profit on their property. Maybe it's a "pipe dream" but there may come a day when owning your own well would be a reality.

Permalink Reply by Dan on June 7, 2016 at 11:38pm
Most of the pros use other people & other people's money. How would it be any different?
Permalink Reply by Joseph-Ohio on June 7, 2016 at 11:57pm

Thinkin' u might be on 2 sumthin' there Dan.

Borrow about 100 mil, pay yourself about half of it in salary, hire a legal outfit, go bust and retire !

Life would be grand - no ? ?

Permalink Reply by Dan on June 8, 2016 at 12:21am
Hasn't that been the American Way the last 30 some years.

Let's Make "Some" Americans Great Again, and Again, and Again & Again.
Permalink Reply by David Perotto on June 7, 2016 at 3:41pm

How would you get your product to market without pipelines?

Permalink Reply by Dan on June 7, 2016 at 11:36pm
Build a power generation plant and send it out on the grid.
Permalink Reply by Frank Walker on June 8, 2016 at 9:25am

That's a really good answer.  Another option is gas liquefaction, following which you take the LNG out by tanker truck.

Mike MurphyPermalink Reply by Mike Murphy on June 9, 2016 at 6:16pm

there would be a pipeline somewhere you could hookup too just another expense in drilling a well but if the common landowner could afford to spent 10 million dollars to drill a well and had the technical know how to drill a good well don't you think someone within the 3 state area would have done it by now..... yes there have been landowner who have drill shallow vertical wells  but dealing with deep horizontal wells is a different ball game .....when I  was about 7 ears old my grandfather drilled a shallow  well that produced enough gas to run his farm on.     I worked for a man that drilled 5 Clinton wells on his own property but each well cost less then 150,000 to drill and complete....he only borrowed money to drill the first one then drilled the other 4 off revenues from the completed wells 

Mike MurphyPermalink Reply by Mike Murphy on June 9, 2016 at 6:39pm

Dave what makes you think there would not be a pipeline near a well that you could hookup too???? if your in the Marcellus or the Utica there is pipelines being layed everywhere

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